ArabFinance: Atlas for Investment (AIFI) signed with the New Urban Communities Authority an agreement of allocation a land plot located at the 43 kilometers on the Cairo-Alexandria Desert Road - Sheikh Zayed, according to the company statement filed to the Egyptian Exchange.
The company posted a consolidated net profit of EGP 389,484 in the first half (H1) of 2020, against EGP 1,997,744 incurred in H1 2019.
Earlier, the company decided to split the par value of its share from EGP 10 to EGP 1 with maintaining the issued and paid-up capital unchanged at EGP 65,128,540.
Atlas was established in 1997 and listed in 2012. It is a parent for another four companies focusing on real estate, farm development, and agricultural processing with a registered capital of EGP 60 million.