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Sharkia National Food to split share to EGP 0.50

Sharkia National Food to split share to EGP 0.50

ArabFinance:  Sharkia National Food Company (SNFC) will split the par value of its share to EGP 0.50 from EGP 5 with maintaining the issued capital at EGP 81.964 million, according to the company’s May 18th filing to the Egyptian Exchange.

The issued capital will be distributed on 163.927 million shares instead of 16.394 million shares.

The shareholders recorded on May 24 are entitled to trade their shares after a split on May 25th.

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.

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