Gulf Canadian Real Estate Investment
CCRS
CCRS
Gulf Canadian Real Estate Investment has received the approval of the Egyptian Financial Supervisory Authority (EFSA) on reducing the stock par value to EGP 6 from EGP 10, said CFO Yasser Farouk.
The stock par value reduction is aimed at complying with listing rules.
Accordingly, the company’s total number of shares will be 5 million instead of 3 million.
Photo Credit: Arabianeye-Reuters
The stock par value reduction is aimed at complying with listing rules.
Accordingly, the company’s total number of shares will be 5 million instead of 3 million.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
