Rakta receives land plot in Alexandria for EGP 447.76M

Updated 9/21/2021 10:39:47 AM

ArabFinance: General Company for Paper Industry (Rakta) (RAKT) announced that it has finally received the land plot spanning 3.291 million square meters in Alexandria as per the previously signed contract with the Egyptian General Petroleum Corporation (EGPC), according to a statement filed to the Egyptian Exchange (EGX).

Rakta has gotten the land for a value of EGP 447.76 million, the statement added.

Rakta is an Egypt-based public shareholding company engaged in the production and distribution of printing and wrings papers, and multi-layered duplexes carton papers.