Cairo – Mubasher: Suez Bags said Tuesday that shareholders of record until 10 October 2016 would be entitled to the stock split, according to a bourse filing.

Earlier, the company decided to split the stock’s nominal value from EGP 10 to EGP 2, keeping the paid-in and issued capital divided into 10.935 million shares rather than 2.187 million shares, the bourse filing revealed.

This decision will take effect as of 11 October 2016, the company reported.

By 10:06am Cairo time, the stock quote was placed at EGP 140 with a 2.2% rise.