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FRA approves Saba International’s stock split

FRA approves Saba International’s stock split

ArabFinance: The Financial Regulatory Authority (FRA) approved a stock-split request by Sabaa International for Pharmaceutical and Chemical Industry (SIPC), according to a filing to the Egyptian Exchange (EGX) on August 14th.

Accordingly, the number of the company’s shares will be increased to 250 million from 50 million.

The nominal value of the stock will decrease to EGP 0.4 from EGP 2.

Saba International is an Egypt-based company operating in the pharmaceutical sector, with a generic product portfolio that includes products focused on different therapeutic categories.

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