ArabFinance: Egyptian Arabian Securities Brokerage (Cmar) (EASB) will distribute cash dividends worth EGP 0.12 per share to shareholders for the year ended December 31st 2021, according to a statement filed to the Egyptian Exchange (EGX) on April 5th.

This comes after Cmar’s ordinary general meeting (OGM) held on April 4th endorsed the board of directors’ dividends proposal for 2021.

It is worth noting that Cmar’s net profit grew to EGP 12.033 million in 2021 from EGP 6.899 million in 2020.

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.