Cmar’s shareholders approve distributing dividends, capital raise
Updated 3/30/2021 10:04:00 AM
ArabFinance: The ordinary general assembly of Egyptian Arabian Securities Brokerage (Cmar) (EASB) approved distributing cash dividends to shareholders at EGP 0.08 per share for 2020, according to the company’s March 30th statement to the Egyptian Exchange.
The assembly also approved raising the company’s issued capital to EGP 60 million instead of EGP 55 million via distributing 6.25 million free shares, one free share for every 11 shares at EGP 0.8 per share.
The company’s unaudited financial statements showed a 21.19% Year on Year jump in its net profit in 2020, recording EGP 6.89 million.
Cmar, formerly known as Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services.
The company operates a range of investment activities that include sale and purchase of securities, mediation in the purchase and sale of securities to investors in the Egyptian capital market and providing financial advice, e-trading, establishment and ownership transfer, provision of training sessions, and financial advisory services.
