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United Arab Stevedoring loss shrinks

United Arab Stevedoring loss shrinks

ArabFinance: The United Arab Stevedoring Company incurred a net loss of EGP 21.443 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 5% when compared to EGP 22.657 million in Q1 2020.

On January 11th, the United Arab Stevedoring appointed Khaled Abdel Aziz Soliman as its new non-executive chairman.

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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