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Ceramica Remas to increase authorized capital

Ceramica Remas to increase authorized capital

ArabFinance:  The Arab Ceramic Company (Ceramica Remas) (CERA) will increase the authorized capital to EGP 500 million from EGP 200 million, according to the company statement released on April 1st.

The extraordinary general assembly approved on March 31st the authorized capital hike.

It’s worth mentioning that the ordinary general assembly ratified the cash dividends for 2020.

The net profit of Ceramica Remas hiked to EGP 30.52 million in 2020, compared to EGP 18.63 million in 2019.

Ceramica Remas is an Egypt-based public shareholding company engaged in the construction supplies industry sector. The company is primarily involved in the production and distribution of sanitary ware sets and ceramic tiles.

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