Gharbia Islamic Housing profits skyrocket 319%

Updated 3/3/2020 9:47:23 AM

ArabFinance: Gharbia Islamic Housing Development (GIHD) released its annual financial results, reporting a 319% Year on Year jump in its net profits for 2019.

The company’s net profits stood at EGP 3.89 million last year, compared to EGP 927,261 a year earlier.

In early Feb, the company’s board of directors approved the full acquisition of Sobic Real Estate Investment (SREI).