The BoD of Alexandria Mineral Oils Company [AMOC.CA] has approved a number of proposals at its meeting on Sunday; including: i) a 10:1 stock split; as well as ii) issuance of a GDR programme for 10% of AMOC's shares. We note that both proposals require the necessary shareholder and regulatory approvals, but we see no cause for them not to be to be passed, as major shareholders (represented in the BoD) have already approved the initiatives. It is worth noting that the EGM date has yet to be set. (Company disclosure, Ahmed Hazem Maher)   AMOC: EGP82.08 as of 6 Feb. 2017, Rating: Buy, TP: EGP65.00/share, MCap: USD378mn, AMOC EY/AMOC.CA