Rubex International’s EGM approves splitting nominal value of stock

Updated 11/22/2021 2:47:31 PM

ArabFinance: The extraordinary general meeting (EGM) of Rubex International for Plastic and Acrylic Manufacturing (RUBX) has approved to split the nominal value of the company’s stock, according to a statement filed to the Egyptian Exchange (EGX).

Accordingly, the nominal value of the stock will be EGP 2.5, instead of EGP 5.

Moreover, the EGM agreed on the amendment of Articles 6 and 7 of the company’s Articles of Association.

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.