ArabFinance: Marsa Marsa Alam for Tourism Development (MMAT) incurred higher losses in the full year ended December 31st 2021, according to financial statements filed to the Egyptian Exchange (EGTX) on Monday.
The company’s net loss after tax rose to EGP 1.847 million in 2021, from EGP 1.381 million in 2020.
Marsa Masra Alam, formerly Marsa Alam for Touristic Development (MATD), a member of Kharafi Group, is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.