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AMOC approves stock split

AMOC approves stock split
(Photo credit: Company's website)
AMOC
AMOC
-0.40% 7.49 -0.03

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) said Sunday that its extraordinary general meeting has approved to split the nominal value of the share from EGP 10 to EGP 1.

The EGM also agreed on converting a proportion of its stocks to global depository receipts (GDRs), according to a bourse statement.