Mena's fair value set at EGP 2.15/share

Updated 8/26/2021 9:38:02 AM

ArabFinance: Mena for Touristic and Real Estate Investment announced that Zilla Financial Advisors set the fair value of its share at EGP 2.15 per share, according to a statement filed to the Egyptian Exchange on August 25th. 

Mena suffered a consolidated net loss of EGP 23.357 million, versus net profit EGP 3.718 million posted a year earlier.

The listed firm previously refuted discussions with FAM Holding over a stake purchase in the former.

Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally.