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Al Fanar, HAC ink deal for Toshka project

Al Fanar, HAC ink deal for Toshka project

ArabFinance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) signed an agreement worth  EGP 4,958,820 with Hassan Allam Construction (HAC) for a project in Toshka in southern Egypt, according to the Al-Fanar's statement filed to the Egyptian Exchange. 

Under the deal, HAC will execute and install the irrigation works in the South Valley Development project.  

Al Fanar incurred a net loss of EGP 69,913 in the first half (H1) of 2020, against a net profit of EGP 994,624 in H1 2019.

The listed company is established for the purposes of general contracting, construction, trade, import, and export, in addition to land reclamation and division.

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