Osool ESB intends contributing to UAE-based company
Updated 1/6/2021 1:10:00 PM
ArabFinance: Osool ESB for Securities Brokerage’s (EBSC) board of directors approved in principle contribution to UAE-based company engaged in brokerage, according to the company’s January 6th statement filed to the Egyptian Exchange (EGX).
The company will contribute to a UAE-based firm in order to enable Osool ESB’s clients to trade in the regional and international bourses.
The EGX approved in July splitting the par value of Osool's share from EGP 0.50 to EGP 0.10.
Osool's capital, which amounts to EGP 40 million, will be distributed on 400 million shares instead of 80 million, the company reported.
Osool 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.
