Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee announced the listing of the new shares of Electro Cable Co and Giza General Contracting and Real Estate Investment Co. following a five-for-one stock split.
Electro Cable Co’s issued capital of EGP 711.44 million will be distributed over 3.55 billion shares, valued at EGP 0.20 apiece, instead of 711.44 million shares, according to a bourse statement on Sunday.
In a separate statement, the EGX said that the number of shares of Giza General Contracting and Real Estate Investment Co will be increased to 1.46 billion, valued at EGP 0.20 per share, from 292.89 million. The company’s capital stands at EGP 292.89 million.
The new shares of the two companies will be listed on the EGX as of 27 January.