Atlas for Investment denies investing EGP 44.1M in new projects

Updated 12/20/2021 9:57:29 AM

ArabFinanceAtlas for Investment and Food Industries (AIFI) has denied the news claiming it would invest EGP 44.1 million in new projects, according to a statement filed to the Egyptian Exchange (EGX).

It is worth noting that the company incurred a consolidated net loss after tax attributable to the parent company of EGP 3.052 million in the nine-month period ended September 30th, 2021.

Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.