Arab Finance: North Cairo Mills Company plans to invest EGP 70 million annually to upgrade its milling facilities over three fiscal years, according to a disclosure to the Egyptian Exchange (EGX).
The investment schedule runs from the current fiscal year (FY) 2026/2027 through FY 2028/2029.
The investments are in line with the estimated budget approved by the company’s board of directors at its April 30 meeting.
The company outlined the schedule in response to reports of a development plan valued at approximately EGP 200 million.
