October 20, 2020

Arclam awarded 2 projects from government


ArabFinance: Arab Company for Land Reclamation (Arclam) (EALR) has been awarded two projects amounting to EGP 90,891,614 from Ministry Of Water Resources & Irrigation, according to an October 20th dislosure to the Egyptian Exchange.

The company sold scrapped items at a total value of EGP 5.89 million in a public auction.

Arclam said it would offer the remaining unsold objects in a different auction, noting that this move comes as a result of owning some worthless equipment, cars, and other items.

The company’s board has approved last September to use a surplus of EGP 760.531 the past fiscal year in reducing the accumulated losses.

The company is active in land reclamation and division; real estate purchase, sale, and development; housing development and management of coastal, inland, and agricultural properties, and general contracting in the coastal and desert areas.

arabfinance


Categories : government

Finance & Economy

EGX okays listing capital increase of Rubex

2020-12-03 07:00:00

ArabFinance: The Egyptian Exchange's (EGX) concerned committee approved, on December 2nd, listing capital increase shares of"...
Read More

Egyptians for Housing's shareholder rais...
December 3, 2020
Lineage Logistics Enters the Polish Cold...
December 3, 2020

Latest News



government

Cabinet agrees to extend reconciliation ...
December 3, 2020
Government to disburse irregular laboure...
November 26, 2020
DEWA Innovation Centre and 800MW 3rd pha...
November 26, 2020