ArabFinance: Al Orouba Securities (EOSB) posted a 45% Year on Year decline in its net loss in the first half (H1) of 2020, according to the company’s July 28th financial statements filed to the Egyptian Exchange (EGX).
Net loss stood at EGP 214,495 in H1 2020, compared to EGP 390,439 incurred in H1 2019.
Meanwhile, the company's revenues went up to EGP 339,195 in H1 2020 from EGP 397,868 in H1 2019.
On March 26th, the company's extraordinary general assembly approved the business continuity of Al Orouba Securities.
Established in 1987 and listed on EGX in 2008, Al Orouba Securities operates within the diversified financial sector, focusing on investment banking and brokerage.