ArabFinance: The Listing Committee at the Egyptian Exchange (EGX) has approved to list the nominal value split of Rubex International for Plastic and Acrylic Manufacturing’s (RUBX) stock to EGP 2.5, instead of EGP 5, according to a statement.

Accordingly, the company’s issued capital of EGP 143.94 million will be distributed over 57.57 million shares, instead of 28.78 million shares, at a nominal value of EGP 2.5 per share.

The 2-for-1 stock split will be eligible 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.

The company’s shares after the split will be registered on the EGX’s database starting from Tuesday, January 4^th, 2022.

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.