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Remco announces fair value of Empain's share

Remco announces fair value of Empain's share

ArabFinanceRemco for Tourism Villages Construction (RTVC) announced the fair value of Empain Tourism Investments’ share worth EGP 76, totaling EGP 347.68, according to filing to the Egyptian Exchange.

The listed company posted a consolidated net loss before minority interest of EGP 463.266 million in quarter one of 2021.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

The company acquires plots of land, designs the development, sells individual units, and retains ownership of public areas such as hotels, landscaped areas, housing complexes, beaches, and water and sewage treatment plants.

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