Egytrans’s EGM nods to nominal value split

Updated 12/19/2021 12:55:21 PM

ArabFinance: The extraordinary general meeting (EGM) of Egyptian Transport and Commercial Services Co (ETRS) (Egytrans) has approved the splitting of the nominal value of the company’s stock, the company said in a statement filed to the Egyptian Exchange (EGX).

The company’s board of directors previously agreed on splitting the nominal value of the stock will be EGP 1, instead of EGP 5, according to the statement.

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.