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Arab for Asset Management okays selling land located in Minya

Arab for Asset Management okays selling land located in Minya

ArabFinance: Arab Company for Asset Management and Development's (ACAMD) board of directors approved the sale of its 58,000-square-meter land in Minya governorate, according to the company’s statement filed to the Egyptian Exchange.

Earlier, the company received an offer to sell its land in Minya governorate EGP 1,800 per square meter.

ACAMD incurred a net profit of EGP 6.084 million in 2020.

Arab Company provides commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management. 

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