Arab Finance: Arab Developers Holding announced that it has approved an opening price of EGP 0.070 per subscription right on the first day of trading, as part of the company’s capital increase process, as per a disclosure.

The subscription rights will be listed among securities eligible for trading on the Egyptian Exchange (EGX), with a minimum bid increment set at one-thousandth of an EGP.

Price limits for the rights will be calculated based on the available trading range of the underlying share during each session.

The firm also outlined the mechanism for determining closing prices during the trading period.

The value set for determining the closing price of the share, excluding the subscription right, will stand at EGP 300,000 until the end of the separate rights trading window, which runs from April 5th to April 14th, 2026.

Meanwhile, the value set for determining the closing price of the subscription right independently has been fixed at EGP 98,019.44.

Following the expiration of the separate rights trading period, the closing price of the original share will be determined based on the latest review of closing prices on the EGX, with adjustments made to reflect any changes in the company’s capital structure.

In parallel, the company confirmed that, in line with margin trading rules, the value of rights traded separately from the original share will be added to the value of the underlying shares when calculating margin ratios.

This will apply from the start of trading the share without rights through to the end of the rights trading period, provided the stock is eligible for specialized trading activities.