Marseilia’s board nods to EGP 50M lease

Updated 10/2/2022 11:33:23 AM

Arab Finance: The board of directors of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) approved a financial lease agreement with a value of around EGP 50 million, according to a filing to the Egyptian Exchange (EGX) on Sunday.

The agreement covers 11 chalets in Marseilia Land village on the coast of Marsa Matrouh.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.