ArabFinance: Rubex International for Plastic and Acrylic Manufacturing (RUBX) has decided to split the nominal value of its stock to EGP 2.5, instead of EGP 5, Rubex said in a statement filed to the Egyptian Exchange (EGX).

The company’s issued capital will remain unchanged at EGP 143.94 million distributed over 57.579 million shares, instead of 28.789 million shares at a nominal value of EGP 2.5 per share.

This will be for shareholders until January 3^rd, 2022’s trading session.

Trading on Rubex’s stock after the completion of the stock split will commence as of January 4^th, 2022.

This comes as per the decisions of Rubex’s extraordinary general meeting (EGM), which was held on November 15^th, 2021.

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.