El Wadi okays retaining profit of 2020
Updated 6/28/2021 11:37:03 AM
ArabFinance: El Wadi for International and Investment Development’s board of directors approved the amended financial results and proposed retaining the profit of 2020, according to the company’s statement filed to the Egyptian Exchange.
El Wadi posted a net profit of EGP 26.082 million in 2020.
This marked a Year on Year (YoY) decline of 40% when compared to EGP 43.690 million in 2019.
On March 19th, El Wadi's board of directors decided to purchase the stocks to support its share price amid the coronavirus pandemic.
El Wadi, formerly El Wadi Company for Touristic Investment, is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.
