ArabFinance: Arab Company for Asset Management and Development’s (ACAMD) board of directors approved selling the second 4,148-square-meter land plot in Beheira for EGP 26,962,000, according to the company's June 7th statement.

The purchaser, Abdel Lateef Muhammad Abdel Lateef, paid a downpayment of EGP 3 million (EGP 6,500 per square meter).

Earlier, the company decided to sell a 6,140-square-meter land in Beheria for a total of EGP 37,453,451, equivalent to EGP 6,100 per square meter.

Arab Company provides commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management.