Tomorrow: Arab Cotton, Arabia for Asset Management's stocks to start trade

14 Jun 2018

Egyptian Stock Exchange's (EGX) operations committee decided listing Arab Cotton Ginning (ACGC) and Arabia Company for Asset Management on EGX, as well as starting trading the two shares without abiding by the suspending measures of the EGX.

The reference price of Arab Cotton Ginning will equal the to the closing price of the Company's stock before splitting, which is amounting to LE5.54 on June 11, 2018.

The determined value of Arab Cotton Ginning's closing price will equal the determined value of the company before splitting - which is amounting to LE148,935.45 - multiplied by its capital (splitter company) attributable to the total Company capital before splitting (90%). The determined value of the stock will amount to LE134,041.90.

The Committee approved the reference price of Arabia Company for Asset Management will equal the to the closing price of Arab Cotton Ginning's stock before splitting, which is amounting to LE5.54 on June 11, 2018.

The determined value of Arabia Company for Asset Management's closing price will equal the determined value of Arab Cotton Ginning before splitting - which is amounting to LE148,935.45 - multiplied by its capital (splitter company) attributable to the total Company capital before splitting (90%). The determined value of the stock will amount to LE134,041.90.

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