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Al Fanar signs agreement worth EGP 1.4M

Al Fanar signs agreement worth EGP 1.4M

ArabFinance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) signed an agreement with Hassan Allam Construction (HAC) and Consolidated Contractors Company to construct the management building of H9/VA hotel, according to the Al Fanar’s statement filed to the Egyptian Exchange.

The agreement is valued at EGP 1,437,975. The project is located in Sidi Abd El-Rahman, Alexandria.

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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