Cairo – Mubasher: Arabian Food Industries (Domty) said it obtained the approval of the Egyptian Exchange (EGX) to issue and cancel Global depository receipt (GDR).
The transferring will amount to 5 local stocks for every 1 GDR.
Moreover, EGX ratified transferring 10 million shares owned by one of the main shareholders, representing 3.5% of the company capital to Global depository receipts as an initial issuance.
It is worth mentioning, the transferring procedures won’t be conducted till freezing period finalized.
