Arab Finance: First Investment Company and Real Estate Development’s (FIRE) board of directors approved studying the acquisition of a 49% stake in Edge for Information Technology, according to a filing to the Egyptian Exchange (EGX) on Wednesday.
It is worth noting that First Investment’s net profit after tax went down to EGP 1.766 million in H1 2022 from EGP 2.475 million in H1 2021.
Established in 2008, First Investment Company operates within the real estate sector focusing on diversified real estate activities.