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Gulf Canadian Real Estate splits nominal value of shares

Gulf Canadian Real Estate splits nominal value of shares

ArabFinance: Gulf Canadian Real Estate Investment’s (CCRS) board of directors approved splitting the nominal value of shares to EGP 0.50 per share from EGP 6 per share, according to the company’s February 3rd statement filed to the Egyptian Exchange.

Accordingly, the company’s shares reached 60 million instead of 5 million shares.

Gulf Canadian posted a 3.6% Year on Year slight rise in its loss in the first quarter (Q1) of 2020, recording EGP 236,592, compared to EGP 228,179 in the same period of 2019.

The listed company 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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