Arab Contractors company ups capital to 7.5bn pounds

GMT 17:40 2015 Wednesday ,07 January

Arab Today, arab today Arab Contractors company ups capital to 7.5bn pounds

Arab Contractors Company
Cairo - MENA

The General Assembly of the Arab Contractors Company, a leading construction company in the Middle East and Africa, agreed to increase its capital from 5 to to 7.5 billion pounds.
The assembly under Housing Minister Moustafa Madbouli also agreed during their Tuesday meeting to increase issued capital from 5 to 5.3 billion pounds to be paid from profits.
Till June of 2014, the company's contracts reached 34.4 billion pounds in value, including 22.8 billion pounds inside Egypt and the rest abroad, head of the company Mohsen Salah said.
The company's net profits during the fiscal year of 2013/2014 were estimated at 326 million pounds with a 19 percent increase compared to the year before, he added.

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