ArabFinance: Arab Company for Asset Management and Development's (ACAMD) board of directors decided to study the stock split, according to the company’s October 11th statement filed to the Egyptian Exchange.
The board will study splitting the company’s stock to 5 stocks.
In mid-June, the company's board of directors approved selling its second 4,148-square-meter land plot in Beheira for EGP 26,962,000
The purchaser paid a down payment of EGP 3 million or EGP 6,500 per square meter.
Arab Company provides commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management.