El Saeed Contracting wins EGP 400M contract in Luxor
Updated 2/14/2021 11:27:00 AM
ArabFinance: El Saeed Contracting and Real Estate Investment Company (SCCD) (UEGC) won an EGP 400 million contract to establish a new project in Luxor, according to the company’s statement to the Egyptian Exchange on February 14th.
Earlier, the company has been awarded a contract worth EGP 270 million to build a water desalination station in Luxor.
The listed company a consolidated net profit of EGP 78.73 million during the first nine months of 2020, compared to EGP 46.38 million in the same period of 2019.
Elsaeed is an Egypt-based company engaged in the provision of general and specialized contracting and construction services. The company’s activities are structured into three divisions: contracting, gravel quarries, and real estate.
