El Wadi for International’s OGM endorses 2020 financial statements
Updated 9/1/2021 3:10:05 PM
ArabFinance: The ordinary general meeting (OGM) of El Wadi for International and Investment Development (ELWA) has endorsed the company’s financial statements for the full-year ended December 31st, 2020, with a net profit of EGP 26.08 million, El Wadi for International revealed in a statement.
Net profit includes distributable profits of EGP 20.98 million, equivalent to EGP 0.115/ share, according to the statement.
Moreover, the OGM approved the board of directors’ recommendation of retaining the earnings of 2020.
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.
