Gharbia Housing oks in principle acquisition of Solik Group

Updated 12/15/2019 11:21:00 AM

ArabFinance: Gharbia Islamic Housing's (GIHD) Board of Directors (BoD) approved to hire an Independent Financial Advisor to prepare fair value study for Solik Group for Real Estate Investment. The Company ratified in principle acquiring 100% of Solik Group according to the report of the financial advisor. 

announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending Sept 30, 2019.

The company posted, in the fiscal period ending Sept 30, net profits of EGP 2,288,477, compared to net profits of EGP 625,229 in the same period a year ago.

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