Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) said Monday that its board of directors has approved a study by Al Ahli Capital to split the nominal value of the share from EGP 10 to EGP 1.
The move aims at energising trading on the stock, according to a bourse statement.
The board also agreed on a study to issue global depository receipts (GDRs) at 10% of the capital, equivalent to 8.6 million shares.
