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EGX approves listing capital cut of Ajwa

EGX approves listing capital cut of Ajwa

ArabFinance:  The Egyptian Exchange's (EGX) concerned committee approved listing 20.09 million shares of Ajwa for Food Industries Company Egypt (AJWA), according to a disclosure by EGX on June 9th.

The new shares will be listed on Tuesday, June 15th.

On June 8th, the company announced that it will amend the par value of its share to EGP 10 from EGP 2 per each, with maintaining the issued capital unchanged.

The issued capital amounted to EGP 200.953 million will be distributed over 20,095,300 shares instead of 100,476,500 shares.

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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