Cairo Development & Investment announced that its shares after par value reduction will be added to EGX database as of tomorrow, Thursday, September 4.
The company had decided to reduce the stock par value to EGP 2 from EGP 5 while maintaining issued capital at EGP 20 million, divided into 10 million shares instead of 4 million shares, as per the decision of the extraordinary general meeting dated July 3, 2014.
Shareholders of record till the close of trading on Wednesday, September 3, will be entitled to the stock split.