Arab Finance: Rekaz Holding for Investment (RKAZ) posted a 58.9% year-on-year (YoY) drop in losses for the first nine months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on November 13^th.

The company suffered a net loss after tax of EGP 697,083 during the January-September period, compared to EGP 1.696 million.

Operating revenues amounted to EGP 170,394 million during the first nine months of this year, with no revenues reported for the comparable period a year earlier.

Established in 2010, the company’s activity covers trading in fertilizers as well as agricultural products and equipment, land reclamation and restoration, purchasing and selling properties, public trading and contracting, import and export.

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