MOSC is an Egypt-based company engaged in the extraction and refining of oils from plants and animals, and the production of soap and detergents. The company’s oil products include sunflower oils, corn oils, cotton seeds oils, soya oils, ghee, and butter.
Misr Oils settles account at Bank of Alexandria
Updated 10/15/2020 10:15:00 AM
ArabFinance: Misr Oils and Soap Company (MOSC) announced its account settlement with Bank of Alexandria, according to a disclosure filed to the Egyptian Exchange.
The move will result in an increase in the company's shareholder equity by EGP 14.632 million, the company said.
The settlement has been signed once the Central Bank of Egypt approved the clearance issued by the bank on September 29th.
The company swung to profits of EGP 20.94 million during FY 2019/2020, yet it decided to withhold dividend distribution for the past year.
