ArabFinance: Marsa Marsa Alam for Tourism Development (MMAT) reported a 28% Year on Year decline in its net loss in 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Net loss stood at EGP 1,381,531 in 2020, compared to EGP 1,915,261 incurred a year earlier.

Marsa Marsa Alam, formerly Marsa Alam for Touristic Development (MATD), a member of Kharafi Group, is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.

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