ArabFinance: The Egyptian Exchange (EGX) has set the limit down Arabian Rocks Plastic Industries at 13.168%, according to the EGX’s January 26th filing.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on January 26th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.58 per share.
The listed firm has incurred a net loss after tax of EGP 1.08 million during the first nine months of 2020.
Established in 2013 and listed on EGX in 2016, Arabian Rocks is a public company that operates within the materials sector and focuses on commodity chemicals.