Cairo – Mubasher: The fair value (FV) evaluation of El Shams Pyramids for Hotels and Touristic Projects has been set at $0.88 per share by the financial consultant, regardless of the capital hike.
Taking into account the capital increase, the share’s fair value has been set at $0.79, according to the company’s statement to the Egyptian Exchange (EGX) on Wednesday.
Last month, the company revealed plans to conduct fair value evaluation through an independent financial consultant, following the capital increase to $52 million.
The company’s fair value currently stands at $41.1 million, compared with a par value of $47 million prior to the capital hike.
