ArabFinance: Atlas 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.