ArabFinance:  Arab Engineering Industries (EEII) decided to split its shares' par value to be EGP 0.375 instead of EGP 3.75, according to a September 16^th disclosure filed to the Egyptian Exchange.

The company will maintain the issued and paid-up capital unchanged at EGP 62,469,750, the statement added. The capital after splitting will be distributed on 166,586,000 shares instead of 16,658,600 shares.

On July 15^th, the extraordinary general meeting approved the stock split.

The company said the shareholders recorded on September 21^st are entitled to trade their shares as of September 22^nd.