ArabFinance: Sharkia National Food Company’s (SNFC) extraordinary general assembly approved 1:10 stock split, according to the company’s statement filed to the Egyptian Exchange.

The company will split the par value of its share to EGP 0.50 per each.

SNFC sold 59,588 treasury stocks on August 31st, which represent 0.363% of its capital.

Sharkia National Food's main activities include feed manufacture and fattening cattle. The company operates three types of factories, such as poultry feed production factory, animal feed production factory, and cattle fattening farm.