ArabFinance: Al Orouba Securities (EOSB) said the Financial Regulatory Authority (FRA) approved to unfreeze 3,730,357 of its shares, according to an October 13th statement filed to the Egyptian Exchange (EGX).
The unfrozen shares are part of a total of 4,569,687 frozen and owned by two shareholders, namely Dina Qatla and Sanaa Hafeez.
The company incurred a net loss of EGP 214,495 in the first half (H1) of 2020, a 45% decline from EGP 390,439 incurred in H1 2019.
Established in 1987 and listed on EGX in 2008, Al Orouba Securities operates within the diversified financial sector, focusing on investment banking and brokerage.