Cairo – Mubasher: The board of the Egyptian Transport and Commercial Services Company (Egytrans) gave the green light for splitting the par-value stock to EGP 1 per share instead of EGP 5, according to a bourse filing on Monday.

Egytrans’ board also nodded for reducing the authorised capital, and called for holding an extraordinary general meeting (EGM) on 16 December for discussion.

It is worth noting that the company achieved consolidated net profits worth EGP 10.84 million in the first nine months of 2021.