Arab Finance: The Financial Regulatory Authority (FRA) has approved splitting the nominal value of the Gulf Canadian Real Estate Investment's (CCRS) stock to EGP 0.50 per share from EGP 6, as per a disclosure.
The FRA has also greenlit raising the company’s capital by EGP 75 million distributed over 210 million shares to EGP 105 million from EGP 30 million.
Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.