ArabFinance: Arab Real Estate Investment Company (ALICO) (RREI) posted a net profit of EGP 6.684 million in 2021, compared to a profit of EGP 6.845 million in 2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
Revenue amounted to EGP 32.81 million last year, down from EGP 42.36 million in 2020.
Founded in 1991, ALICO offers real estate brokerage services; engineering, procurement, and construction for residential and heavy projects