ArabFinance: Osool ESB for Securities Brokerage (EBSC) decided to split the par value of its stock from EGP 0.50 to EGP 0.10, according to a July 7th statement filed to the Egyptian Exchange.

Osool ESB's capital, which amounts to EGP 40 million, will be distributed over 400 million shares instead of 80 million, the company reported.

The shareholder recorded on July 12th will be entitled to the stock split. 

The company posted a net profit of EGP 1,003,212 in the first quarter of 2020, a 74% decline from EGP 3,829,811 achieved in the prior-year period.

Osool ESB is an Egypt-based company engaged in the securities brokerage sector. The company offers a range of tools include snap tickets, trigger orders, saved orders, web market watch and customizable trading application, and online trading system training services.