Dice Sport and Casual Wear’s board of directors approved a 1:2 stock split, according to the company statement filed to the Egyptian Exchange.
The company will split the stock par value from EGP 0.20 to EGP 0.10.
The company intended to launch 52 new branches in 2021 by inaugurating a branch per week.
Dice canceled the dividends for 2019 to provide liquidity.
Dice is an Egypt-based company engaged in the casual wear garments and textile industry.
The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types, as well as other knitting products.