El Wadi International's board approves share split
Updated 6/10/2020 1:38:00 PM
ArabFinance: El Wadi for International and Investment Development (ELWA) decided to split its share's par value from EGP 10 to EGP 1, according to the company’s June 10th financial statements filed to the Egyptian Exchange.
Accordingly, the board of directors approved on June 9th amending the articles no. 6 and 7 of the company's articles and association.
The company posted a net profit of EGP 43,690,756 in 2019, a 27% increase from EGP 34,530,036 achieved a year earlier.
El Wadi, formerly El Wadi Company for Touristic Investment, is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasium, and sauna...etc.
