Arab Finance: Wadi Kom Ombo for Land Reclamation Company sold lands in an auction in consideration of EGP 9.782 million, according to a filing to the Egyptian Exchange (EGX) on July 28th.

The sold land plots are located in Kom Ombo and West Delta.

It is worth noting that the company achieved a net profit after tax of EGP 13.26 million in the first nine months of the fiscal year (FY) 2021/2022, compared to EGP 18.55 million in the same period in FY 2020/2021.

Wadi Kom Ombo is an Egypt-based company that is engaged in the real estate development sector.

The company is involved in land reclamation, real estate development, and general contracting services, such activities as the sale and purchase of land for building and agriculture, and operates it for its own account and third parties.