ArabFinance: The Financial Regulatory Authority (FRA) has approved the splitting of nominal value for Rubex International for Plastic and Acrylic Manufacturing (RUBX), according to a statement filed to the Egyptian Exchange (EGX).
On Tuesday, the company said that its board of directors approved the proposal of splitting the nominal value of its share to EGP 2.5, instead of EGP 5.
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.