Cairo Housing unveils nominal value split date
Updated 12/28/2021 11:38:10 AM
ArabFinance: Cairo Housing and Development Company (ELKA) has decided to split the nominal value of the stock to EGP 0.50, instead of EGP 1, according to a statement filed to the Egyptian Exchange (EGX).
This will be for shareholders until the trading session dated January 3rd, 2022.
The company’s issued capital will remain the same at EGP 450.14 million distributed over 900.28 million shares, instead of 90.028 million shares, at a nominal value of EGP 0.50 per share.
After the nominal value split, the stock will traded on as of January 4th, 2022, pending the approval of the EGX’s listing committee.
On December 8th, the company’s extraordinary general meeting (EGM) approved splitting the nominal value of the company’s stock to EGP 0.50, instead of EGP 5.
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.
