Amass Proposes $2m Investment in Osool ESB
Deal News | Feb 04, 2025 | Zawya
Emirati group Amass Investments has made a binding offer to inject EGP 100 million into Osool ESB Securities Brokerage's capital raise, subject to firm valuation by an external financial advisor. The proposed investment, worth approximately $2 million, awaits approval from the company’s extraordinary general meeting and the Financial Regulatory Authority. Osool ESB, an Egyptian securities brokerage firm, provides a variety of trading services such as snap tickets, trigger orders, and an online trading system. The investment reflects Amass Investments' strategic interest in the securities brokerage sector in Egypt.
Sectors
- Financial Services
- Investment
Geography
- United Arab Emirates – Amass Investments, the proposing company, is based in the United Arab Emirates.
- Egypt – Osool ESB, the target company for the investment proposal, operates in Egypt.
Industry
- Financial Services – The article involves Amass Investments and Osool ESB, both operating within the financial services sector, specifically in securities brokerage and investment activities.
- Investment – The article highlights an investment proposal, involving capital raise and financial commitments.
Financials
- EGP 100 million – The proposed investment amount by Amass Investments into Osool ESB's capital increase.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amass Investments | Proposing Company | Company | An Emirati group involved in making a binding investment offer in Osool ESB's capital. |
| Osool ESB Securities Brokerage | Target Company | Company | An Egypt-based securities brokerage firm engaged in providing trading services. |
| Financial Regulatory Authority | Regulatory Body | Government | The authority responsible for approving the investment proposal in Egypt. |