Updated: July, 31, 2010 2:43 am

MARKET OVERVIEW

Main

1,376.22

-1.44%

M&P

1,357.13

-1.42%

FTSE

459.75

-1.38%

141

Volume	332,720.33
Volume	8,961.54
Volume	300,009.86

Last Update: 11:12

International Markets

Index	Level	%Ch
ASE	1681.98	-1.55
DJIA	10465.94	-0.01
Nasdaq	2254.70	0.13
FTSE100	5258.02	-1.05
CAC	3643.14	-0.24
Nikkei	9537.30	-1.64
H.Seng	21029.81	-0.30
Updated: 30/07/2010 23:55

Live Prices

Marfin CLR Corner

Cyprus Analyser
(pdf - 51 Kb) 30/07/2010
Greek Analyser
(pdf - 542 Kb) 30/07/2010
European Morning News
(pdf - 107 Kb) 30/07/2010
Weekly Market Update
(pdf - 697 Kb) 27/07/2010

December, 30, 2004

Email this Print

SAFS: Disposal of ART Arabian to Hios Inv.

CSE

Within the framework of the restructuring of the operations of the company that have already been announced, the Board of Directors of Severis & Athienitis Financial Services Ltd (SAFS) agreed to sell 100% of the share capital of ART Arabian Idle Tree Ltd (ex Severis & Athienitis Securities Ltd) to Hios Investments S.A. The staff of ART Arabian Idle Tree Ltd have been transferred to Severis & Athienitis Financial Services Ltd.

The net value of liabilities of the company ART Arabian Idle Tree Ltd amounts to �750.000 as a result of losses during the last years.

The selling price has been set at 30% of the value that will be collected from a number of debtors totaling �120.000.

Any gain or loss from the above sale will be calculated after the completion of the audit of the company's accounts and we will proceed to the relevant announcement.