ArabFinance: El Nasr for Manufacturing Agricultural Crops (ELNA) received an offer from Sohag Housing And Development Company to purchase Sohag plant’s land, according to the company’s July 19th  statement filed to the Egyptian Exchange.

Sohag Housing offered to buy the 64,000 square-meter land plot for a total amount of EGP 650 million.

Sohag governorate issued a demolition license of the company plant in west Sohag.

The company will demolish the plant in preparation for sale of the plant's land.

The listed company is an Egypt-based public shareholding company that operates in the food processing sector. It is primarily engaged in the dehydration, distribution, and export of agricultural crops, including onions and other vegetables. The company is also engaged in the manufacture and export of dehydrating equipment and machinery.