Integrated Engineering Group to restructure its sectors
Updated 3/14/2021 12:43:24 PM
ArabFinance: Integrated Engineering Group’s (IEG) (INEG) board of directors approved Elite Consultancy Services’ offer to restructure its sectors, according to the company’s filing to the Egyptian Exchange on March 14th.
The restructuring includes expansion and integration of its activities’ base, and research opportunities and appropriate investment alternatives.
The method and value of the funds needed for restructuring will be determined after completing the study.
IEG posted a net loss of EGP 2.96 million in the first half of 2020, a 97% increase from EGP 1,502,102 incurred in the corresponding period a year earlier.
Integrated Engineering Group is an Egypt-based public company listed on the EGX in 2014. The company operates within the capital goods sector focusing on construction and engineering.
