Arab Finance: The Egyptian Exchange’s (EGX) listing committee has approved listing the split of the nominal value of Egyptians for Investment and Urban Development’s (EIUD) stock to EGP 0.10 per share from EGP 1, as per a filing on September 27th.
Accordingly, the company’s capital will be distributed over 500 million shares instead of 50 million at a nominal value of EGP 10.
The split of stock will be applied to shareholders until the record date of October 2nd and will be effective as of October 3rd.
The company’s shares will be listed after split on the EGX's database as of October 3rd.