ArabFinance: The board of directors of Rubex International for Plastic and Acrylic Manufacturing (RUBX) has approved the proposal of splitting the nominal value of the company’s share to EGP 1, instead of EGP 5, according to a statement filed to the Egyptian Exchange (EGX).
Moreover, the board has assigned the chairman to begin the amendment procedures and invite for holding the extraordinary general meeting (EGM) to discuss this decision.
Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing.
The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.