Mubasher: Ezdan Holding Group on Tuesday announced the split of the share’s nominal value to QAR 1 from QAR 10 during an extraordinary general meeting (EGM) held on the previous day.

The Qatari firm’s EGM also approved amending its articles of association to raise its capital to QAR 26.525 billion, distributed over 26.525 billion shares, with a nominal value of QAR 1 per share, according to Ezdan Holding’s statement to the Qatar Stock Exchange (QSE).

Ezdan Holding Group on Tuesday reported a 74.3% profit drop to QAR 433.74 million in 2018, against QAR 1.69 billion in the prior year.

By 12:03 pm Qatar time, Ezdan Holding Group’s stock dropped 3.50% to QAR 11.91.