ArabFinance:  Arab Engineering Industries (EEII) decided to split its shares' par value to be EGP 0.375 instead of EGP 3.75, according to a September 21^st disclosure filed to the Egyptian Exchange.

The company will maintain the issued and paid-up capital unchanged at EGP 62,469,750, the statement added. The capital will be distributed on 166,586,000 instead of 16,658,600 shares.

The shareholders recorded on September 21st are entitled to trade their shares as of September 22^nd, the company said.

The company reported a net profit of EGP 2,882,236 in the first half (H1) of 2020, a 36% decline from EGP 4,498,456 achieved in H1 2019.

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.