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Nile City Investments approves splitting nominal value of stock

Nile City Investments approves splitting nominal value of stock

ArabFinanceNile City Investments (NCIN) announced that its board of directors has approved splitting the nominal value of the stock to EGP 10 from EGP 100, according to a statement filed to the Egyptian Exchange (EGX).

This decision will be discussed by the extraordinary general meeting (EGM) and is subject to the approval of the Financial Regulatory Authority (FRA) in accordance with Article 48 of the listing rules.

Nile City Investment is an Egypt-based public shareholding company engaged in the real estate development and investment sector. It invests in real estate developments, mainly residential, commercial, and administrative unit buildings.

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