Egyptians Real Estate Fund considers raising volume to EGP 200M

Updated 1/18/2021 4:39:38 PM

ArabFinance: Egyptians Real Estate Fund mulls increasing its business volume to EGP 200 million, according to the company’s statement to the Egyptian Exchange.

The company’s extraordinary general meeting (EGM) will meet on February 16th to review the plan, the statement added.

The EGM will also look at the company’s fair value at EGP 11.15.

The listed firm posted net profits of EGP 1.99 million during the first six months of 2019, compared to EGP 2.45 million in the same period a year ago.

The fund is a Cairo-based private company operating within the real estate sector focusing on specialized real estate investment trusts.