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NUDAP BOD approves company division and stock listing for the new entity [Arab Finance (Egypt)](Arab Finance (Egypt) Via Acquire Media NewsEdge) Arab Finance: Northern Upper Egypt Development & Agricultural Production (NEDA) Board of Directors (BOD) approved the division of the company to 2 entities and separation of the Biodiesel activity to the new created entity with a LE 50 m capital and 25 m shares and to list the new company in the stock exchange according to the listing rules. The company added in a statement to the stock exchange that the original company will have a LE 40 m and 4 m shares. NUDAP recently reported financial results posting net profit of LE 2.5 m in 2013 recovering from a LE 5.9 m losses in 2012. (c) 2014 Arab Finance Brokerage Company All rights reserved. Provided by Syndigate.info, an Albawaba.com company |