Marseilia for Real Estate Investment (MAAL) will begin trading on the EGX today after the EGX had approved the transfer of its shares from the Nilex to the EGX one week ago.
More Details🧐 Marseilia’s paid capital amounts to EGP 100.8 million, distributed over 100.8 million shares at a par value of EGP 1/share.
Notable projects by MAAL include Cascadia & Marseilia Beach 4 in the North Coast, Golden Yard in the New Administrative Capital, & Blue Bay-Asia in Ain El Sokhna.
Why is this Important🤔 Marseilia will now follow the EGX’s listing regulations rather than the Nilex.
It’s worth noting that MAAL had paid out bonus shares of 0.4 share/original share last week.
