Al Shams Housing reports profit over EGP 140M
Updated 3/10/2021 10:22:35 AM
ArabFinance: Al Shams Housing and Urbanization (ELSH) reported a 10% Year on Year rise in its net profit in 2020, according to the company’s March 10th unaudited financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 149.675 million in 2020, compared to EGP 135.587 million achieved in 2019.
Al Shams Housing’s board of directors appointed Mohamed Ahmed Elwan El Dib as the company’s chairman and managing director.
Al Shams is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.
