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New Ismailia for Urban Development's EGM okays board reformation

New Ismailia for Urban Development's EGM okays board reformation

ArabFinance:  New Ismailia for Urban Development Company’s (IDRE) ordinary general meeting agreed on the board reformation for the next three years, according to the company’s statement filed to the Egyptian Exchange.

New Ismailia announced on April 12th that Target Real Estate investment purchased 1.587 million shares worth EGP 87.686 million.

The listed company cut its net loss to EGP 1.13 million in 2020, compared to EGP 1.63 million in 2019.

New Ismailia focuses on planning and establishing urban areas while carrying out infrastructure projects such as drinking water, sanitation, electricity, roads, communications, and multiple garages.

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