ArabFinance: The Egyptian Exchange’s (EGX) concerned committee approved listing the Arab Ceramic Company (Ceramica Remas) (CERA) capital increase by EGP 300 million, according to EGX’s statement filed to the Egyptian Exchange.
Ceramica Remas will increase the authorized capital to EGP 200 million from EGP 500 million, with an increase of EGP 253 million.
The listed company distributed annual cash dividends of EGP 0.150 per share on April 28th.
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.
