North Upper Egypt for Development and Agricultural Production, “Newabab”, is running on the Egypt Stock Exchange, with 3.30% during trading today, Thursday, to trade at the price of 3.13 pounds per share, achieving its highest level in a month.
The trading on the arrow of North Upper Egypt for Development and Agricultural Production, “New Daba” at that time, came through 650.53 thousand shares with a trading value of 2.02 million pounds.
The highest price for the share at that time was at 3.17 pounds, while the lowest price was at 3.01 pounds per share, to touch the highest price in a month and 27 days.
North Upper Egypt Development and Agricultural Production Company (Newab) is an Egyptian joint stock company specialized in the fields of agriculture and agricultural development. It was established on December 10, 2001, and its headquarters are located in Giza Governorate, while its shares were listed on the Egyptian Stock Exchange on November 25, 1998.
The activities of “Newab” vary to include several vital areas, most notably the manufacture and trade of fertilizers and agricultural fertilizers, and leasing of agricultural equipment and machinery, as well as conducting research and studies related to food industries projects and the development of livestock, poultry and fish.
The company also offers other activities that include the manufacture of cotton seeds, the production of feed and extracted oils, as well as the manufacture of cakes and other food products, as well as activities related to cotton and its derivatives.
The number of shares of the company is about 63.5 million shares, with a nominal value of one Egyptian pounds per share, while the total market value reaches about 148.58 million Egyptian pounds.
