The EGX announced that it had received the required documents from Heliopolis Housing related to the proposed 4:1 stock split, and that the documents are currently being assessed by the Listing committee. Upon completion of the stock split, the number of shares will quadruple to 445.0mn. We note that the EGX listing regulations require the stock split procedures to be concluded within one month from the date of the EGM at which the stock split decision had been approved (29 October 2016). (EGX, Mai Attia, Sara Boutros)   Heliopolis Housing: EGP73.83 as of 22 November 2016, Rating: Buy, FV: EGP99.03 per share, MCap: USD472mn, HELI EY / HELI.CA