EGX to list new shares of Golden Coast
Updated 10/22/2020 1:44:00 PM
ArabFinance: The Egyptian Exchange's (EGX) concerned committee approved listing the new shares of Golden Coast Company (GOCO) following a stock split from EGP 4 to EGP 0.40 per each, according to EGX disclosure.
The company's capital will be distributed over 171,521,690 shares instead of the previous 17,152,169.
The new shares will be listed on the EGX database on October 26th.
The shareholders recorded on October 25th are entitled to trade their shares starting October 26th, the company said.
Golden Coast reported a net profit of EGP 4,322,791 in the first half of 2020, a 40% decline from EGP 7,157,677 achieved in the prior-year period.
Established in 2004 and listed on EGX in 2013, Golden Coast operates within the consumer services sector, focusing on hotels, resorts, and cruise lines.
