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FRA announces Gulf Canadian Real Estate's par value

FRA announces Gulf Canadian Real Estate's par value

ArabFinance: The Financial Regulatory Authority (FRA) approved on November 24th Gulf Canadian Real Estate Investment's par value at EGP 9.74 per share, according to the Financial Regulatory Authority's (FRA) statement filed to the Egyptian Exchange.

Gulf Canadian earlier hired, upon FRA's request, Solid Capital to prepare a fair value study for its shares.

Trading is resuming on the company's shares starting Novemeber 25th.

The listed company suffered a net loss of EGP 458,794 in the first half (H1) of 2020, an 11% slight rise from EGP 413,688 incurred in H1 2019.

Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.

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