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Sharm Dreams denies take away 2M sq.m land plot from its portfolio

Sharm Dreams denies take away 2M sq.m land plot from its portfolio

ArabFinanceSharm Dreams Company for Tourism Investment (SDTI) denied taking away two million square meters from its land bank, according to the company’s statement filed to the Egyptian Exchange.

This statement came after news published in local press stipulating that the government takes away the two square meters in Marsa Allam from unserious companies.

Sharms Dreams suffered a net loss of EGP 14.7 million during the first quarter (Q1) of 2021.

Sharm Dreams is an Egypt-based public shareholding company that operates in the tourism and entertainment industry. The company focuses on the construction and operation of hotels, touristic resorts, and villages, as well as commercial complexes and entertainment centers.

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