ArabFinance: The board of directors of the Arab Ceramic Company (Ceramica Remas) (CERA) approved to split the nominal value of the company’s stock to EGP 0.25 from EGP 1 per share, according to a statement filed to the Egyptian Exchange.
As a result, Articles 6 and 7 of the company’s Articles of Association will be amended accordingly, the statement added.
Ceramica Remas is an Egypt-based public shareholding company engaged in the construction supplies industry sector. The company is primarily involved in the production and distribution of sanitary ware sets and ceramic tiles.