{"id":627297,"date":"2018-07-29T04:12:33","date_gmt":"2018-07-29T04:12:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/listed-companies-can-now-split-their-stocks-more-than-once-a-year-under-new-simplified-procedures\/"},"modified":"2018-07-29T04:12:33","modified_gmt":"2018-07-29T04:12:33","slug":"listed-companies-can-now-split-their-stocks-more-than-once-a-year-under-new-simplified-procedures","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/listed-companies-can-now-split-their-stocks-more-than-once-a-year-under-new-simplified-procedures\/","title":{"rendered":"Listed companies can now split their stocks more than once a year under new simplified procedures"},"content":{"rendered":"

<\/a> REGULATION WATCH- Listed companies can now split their stocks more than once a year under new simplified procedures: <\/strong>The EGX\u2019s board of directors approved a decision last week that allows listed companies to split their stocks as many times a year as they want, as opposed to only once previously, the bourse said in a Thursday statement (pdf)<\/a><\/u>. Companies will not be required to apply for regulatory approval as long as their share turnover rate is below the market average. If the turnover rate is higher, however, the bourse and Financial Regulatory Authority (FRA) would have to sign off on the transaction beforehand.<\/p>\n

The decision was made with the state\u2019s privatization program in mind <\/strong>as it is expected to facilitate necessary restructuring at various state-owned companies set to offer stakes on the EGX soon, according to EGX boss Mohamed Farid. Removing restrictions on share splits will boost overall stock market activity by reducing share prices and making the market more accessible to all possible types of investors, Farid said, adding that it will also make it easier for companies to raise capital when they need to.<\/p>\n","protected":false},"excerpt":{"rendered":"

REGULATION WATCH- Listed companies can now split their stocks more than once a year under new simplified procedures: The EGX\u2019s board of directors approved a decision last week that allows listed companies to split their stocks as many times a year as they want, as opposed to only once previously, the bourse said in a 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companies can now split their stocks more than once a year under new simplified procedures - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/listed-companies-can-now-split-their-stocks-more-than-once-a-year-under-new-simplified-procedures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Listed companies can now split their stocks more than once a year under new simplified procedures\" \/>\n<meta property=\"og:description\" content=\"REGULATION WATCH- Listed companies can now split their stocks more than once a year under new simplified procedures: The EGX\u2019s board of directors approved a decision last week that allows listed companies to split their stocks as many times a year as they want, as opposed to 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companies looking to purchase treasury stocks to notify the bourse on the same day they plan to buy the stocks, instead of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/22.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624859,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/ni-capital-issues-tender-for-management-of-acch-stake-sale\/","url_meta":{"origin":627297,"position":1},"title":"NI Capital issues tender for management of ACCH stake sale","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"NI Capital looking for bankers to lead ACCH stake sale: State-owned investment bank NI Capital issued a tender yesterday that will see it hire a manager for the sale of additional stake from the Alexandria Containers & Cargo Handling (ACCH) on the EGX this year, the bank\u2019s CEO Ashraf Ghazaly\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554985,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/odin-to-split-into-two-companies-raya-acquires-additional-stake-in-polish-pasta-maker\/","url_meta":{"origin":627297,"position":2},"title":"Odin to split into two companies + Raya acquires additional stake in Polish pasta maker","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"MARKET NEWS- Odin Investments will spin off its operations into two companies after receiving approval from the EGX\u2019s Listing Committee today, according to an announcement (pdf) from the bourse. One company will be specialized in real estate while the other will focus on financial services. Trading on Odin\u2019s shares will\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egyptian-bourse-launches-egx30-total-return-index\/","url_meta":{"origin":627297,"position":3},"title":"Egyptian bourse launches EGX30 Total Return Index","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"Egyptian bourse launches EGX30 Total Return index: The Egyptian stock exchange has launched the EGX30 Total Return Index (EGX30 TR), which will account for dividends and prices together, according to a statement. 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