Ain Arabia Seeks to Register at Nil Ex in 6 Months

Ain Arabia, a company working in the field of electronic trading, seeks to register at Nile Stock Exchange (Nil Ex) in the next six months.

Hafez Fouad, Chairman of Ain Arabia’s board, stated that the company is about to offer 35% of its shares, or 10 thousands shares, at a total value of EGP 50.000. He also pointed out that company’s main aim is ton increase its capital from EGP 2 to 3 million in order to meet the registration requirements at Nil EX.

He added that the company’s average profits reaches up to 20% annually, expecting that the profit rate will record 100% after three years, given that electronic trade is growing in Egypt and the Arab world.

The White House Financial and Investment Solutions will be responsible for carrying out the company’s registration process at Nil Ex.