Arab Finance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company has secured an EGP 11.60 million contract to carry out earthworks in Ras El Hekma, as per a bourse filing.
The contract was initially signed on September 3, 2026.
Last July, the EGX-listed company increased the value of its contract for excavation work in Ras El Hekma to EGP 27.9 million.
In the first quarter (Q1) of 2026, Al Fanar generated net profit after tax of EGP 208,265, 92.83% year-on-year (YoY) lower than EGP 2.907 million.