ArabFinance: Egyptian Modern Education Systems’ (MOED) extraordinary general meeting approved a 1:10 stock split, according to the company’s statement filed to the Egyptian Exchange.

The issued and paid-in capital will be unchanged at EGP 96.435 million distributed on 964.354 million shares instead of 96.435 million at the par value of EGP 0.10 per each.

The company posted a net profit of EGP 733,248 in quarter one (Q1) of 2021.

The shareholders recorded on July 25th are entitled to trade their shares starting July 26th, the company said.

Established in 2001, the company operates within the consumer services sector focusing on education services.