Arab Finance: Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) will split the nominal value of its stock from EGP 1 to EGP 0.50 for shareholders until the trading session dated January 31st, according to a statement filed to the EGX on Wednesday.   

The company’s issued capital will remain unchanged at EGP 103.824 million distributed over 207.648 million shares, instead of 103.824 million shares, at a nominal value of EGP 0.50 per share.

After the nominal value split, the stock will be traded on as of February 1st, pending the approval of the EGX’s listing committee.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.