ArabFinance: The board of directors of Egyptian Transport and Commercial Services Co (ETRS) (Egytrans) has agreed on splitting the nominal value of the company’s stock, the company said in a statement filed to the Egyptian Exchange (EGX).

Accordingly, the nominal value of the stock will be EGP 1, instead of EGP 5, according to the statement.

Moreover, the board has approved to cut the company’s authorized capital as per the Financial Regulatory Authority’s (FRA) resolution No. 138 of 2020.

Egytrans is an Egypt-based company engaged in international sea, air, and land transportation services.

The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.