Arab for Asset Management’s board nods to offer for development of 60k-sqm land

Updated 1/4/2023 12:34:00 PM
Arab for Asset Management’s board nods to offer for development of 60k-sqm land

Arab Finance: Arab Company for Asset Management and Development’s (ACAMD) board of directors approved an offer by a consortium of Vantage Developments and the UAE’s Annex Investments for the development of projects on a 60,000-square meter (sqm) land in Zifta city in the governorate of Gharbia, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

The consortium plans to develop residential, commercial, administrative, medical, tourist, and recreational projects on the land.

Arab for Asset Management is an EGX-listed company operating in commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management.

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