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Ajwa to change par value of share

Ajwa to change par value of share

ArabFinanceAjwa for Food Industries Company Egypt (AJWA) will amend the par value of its share to EGP 10 from EGP 2 per each, with maintaining the issued capital unchanged, according to the company filing to the Egyptian Exchange.

The issued capital will be distributed over 20,095,300 shares instead of 100,476,500 shares, the statement highlighted.

The holder and buyer of the share are entitled to trade their shares starting June 15th.

Ajwa suffered a consolidated net loss of EGP 5.01 million in 2020, compared to EGP 91.21 million in 2019.

Ajwa, formerly Misr Gulf Oil Processing, is an Egypt-based company engaged in the manufacture and export of cooking oils and ghee. The company is part of KSA-based Ajwa Group for Food Industries, which operates in the food industry through the Middle East, Africa, Europe, and the Far East.

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