Raya Holding's board approves stock split

Cairo – Mubasher: The board of directors of Raya Holding for Financial Investments approved a proposal to boost trading on the company’s shares.

The board decided to start procedures for a 10-for-one stock split to make the nominal value of the company’s share at EGP 0.50 from EGP 50, the company said in a bourse disclosure on Wednesday.

The decision is referred to the extraordinary general meeting (EGM) for approval.

In the first nine months of 2020, Raya Holding logged net losses of EGP 53.69 million, down by 8% year-on-year (YoY) from EGP 58.16 million.

Mubasher Contribution Time: 13-Jan-2021 09:51 (GMT)
Mubasher Last Update Time: 13-Jan-2021 09:51 (GMT)