ArabFinance: Arab Company for Land Reclamation (Arclam) (EALR) awarded a project worth EGP 9.75 million to renew and replace covered drains in Zefta, the company said in a statement to the Egyptian Exchange on February 8th.
The listed company suffered a net loss of EGP 2.92 million for the fiscal year ended September 30th 2020, against a net profit of EGP 53,257 a year earlier.
Arclam is active in land reclamation and division; real estate purchase, sale, and development; housing development and management of coastal, inland, and agricultural properties, and general contracting in the coastal and desert areas.