Arab Finance: Arab Moltaka Investments Co (AMIA) announced in a statement sent to EGX, the Board of Directors was convened on January 19.
The Board approved the estimated budget for the fiscal year 2017, which revealed aiming to record revenues of the profits distributions amounting to LE33.5 million.
Moreover, the Board intends to offer 10% - 15% of Al Tawfeek Leasing Company on EGX, after updating the fair value study.
It is worth mentioning, the Board approved to complete operating the real estate portfolio, which are owned by the company.