Cairo Housing’s EGM nods to nominal value split

Updated 12/8/2021 1:39:25 PM

ArabFinance: The extraordinary general meeting (EGM) of Cairo Housing and Development Company (ELKA) has approved splitting the nominal value of the company’s stock to EGP 0.50, instead of EGP 5, according to a statement filed to the Egyptian Exchange (EGX).

Moreover, the EGM agreed on the amendment of Articles 4, 6, 7, and 24 of the company’s Articles of Association.

Cairo Housing is an Egypt-based firm engaged in real estate and housing development operations.

The listed company’s main activities include acquiring, selling, and leasing lands and buildings as well as city planning and infrastructure construction activities.