EGX sets Saudi Egyptian Investment's stock limit down
Updated 4/25/2021 2:53:42 PM
ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Saudi Egyptian Investment and Finance at 22.126 %, according to the EGX's April 25th disclosure.
The circuit breaker of the company’s stock is also set at a limit down level of 17.800 %, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 25th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 2 per share on April 28th.
The listed company posted a 14.8% Year on Year increase in its net profit in 2020, recording EGP 26.71 million.
Saudi Egyptian Investment is an Egypt-based public shareholding company that is engaged in undertaking investment activities in different business sectors, as well as providing different financial services. The Company owns several investment stakes in different companies, funds and portfolios.
