Saturday 22 Feb
Osool ESB Securities Brokerage Company has accepted a strategic investment offer from UAE-based Amass Investment. The company informed the Egyptian Exchange of the board's approval during Sunday's trading session.
Osool ESB Securities Brokerage previously disclosed an offer from Amass Investment of the UAE to become a strategic investor. Amass Investment's offer involves subscribing to a capital increase at fair value, contributing 100 million Egyptian pounds.
The company stated that Amass Investment provided a bank
statement showing the full 100 million Egyptian pound investment was
transferred to a dedicated account, pending approval from the Financial
Supervisory Authority.
Osool ESB Securities Brokerage saw its profits rise to 5.35 million Egyptian pounds in the first half of 2024, compared to 4.13 million pounds in the first half of 2023. The company's revenues also grew, from 11.72 million pounds to 17.68 million pounds.
