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FRA nods to reducing nominal value of First Investment

FRA nods to reducing nominal value of First Investment

Arab Finance: The Financial Regulatory Authority (FRA) approved cutting the nominal value of First Investment Company and Real Estate Development’s (FIRE) stock to EPG 0.50 from EGP 1, according to a statement published on September 20th.

Accordingly, the number of issued shares will increase to 13.750 million from 6.875 million, with the capital valuing at EGP 6.875 million.

Established in 2008, First Investment Company operates within the real estate sector focusing on diversified real estate activities.

 

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