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
