Cairo Oils and Soap (COSG) submitted a request to the Egyptian Exchange (EGX) to split its stock nominal value to EGP 0.50 from EGP 5, according to a statement by the EGX.
Accordingly, the company’s issued and registered capital of EGP 195 million will be divided on 390 million shares.
The listed company reported a 42% Year on Year increase in its net loss in the first half of 2020, suffering EGP 36.09 million.
Cairo for Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export and distribution of different types of seeds for the production of oil and soap.
The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap and detergent products under several brands.
