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EGX announces limits of Arab Moltaqa's price moves, trading halts

EGX announces limits of Arab Moltaqa's price moves, trading halts

ArabFinance: The Egyptian Exchange (EGX) announced the limits of the price moves and trading halts for Arab Moltaqa Investment Company's (AMIA) share downward at 24.412% and 20.212%, respectively, of the closing price of April-15th session.

The EGX's decision came because the distribution value is greater than the applied trading halts and less than limits of the price moves.

Under the board of directors' resolution no. 301/2017, the trading halt and limit of the price moves downward will be counted based on the theoretical price (last closing price minus the distribution value), however, trading halt and limit of the price moves upwards will be unchanged. 

AMIC decided to distribute cash dividends of EGP2 per share payable on April 22nd to shareholders recorded on April 15th. 

AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments and tourism with Total Assets of more than EGP 1.9 Billion spanning over a wide range of industries including poultry, pharmaceutical and health care, industrial, agriculture, financial, real estate, and commercial.

 

 

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