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United Arab Stevedoring okays business continuity

United Arab Stevedoring okays business continuity

ArabFinance: The United Arab Stevedoring Company’s extraordinary general meeting (EGM) approved, on December 12th, the business continuity amid the incurred loss, according to the company’s statement filed to the Egyptian Exchange.

The company incurred a net loss of EGP 6.580 million in the July-September 2020, compared to EGP 7.099 million incurred in the prior-year period.

United Arab Stevedoring, formerly United Arab Shipping Company, is an Egypt-based company engaged in the marine port services industry sector.

The company primarily is involved in loading and unloading activities at the Alexandria and Dekheilla ports in Egypt.  It owns a fleet of trucks, trailers, single-semi trailer and semi-trailer. 

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