ArabFinance: Arab Company for Asset Management and Development's (ACAMD) ordinary general meeting approved the sale of a 6,140-square-meter land in Beheria, according to the company's July 9th statement filed to the Egyptian Exchange.
The land is sold for a total of EGP 37,453,451, equivalent to EGP 6,100 per square meter.
In mid-June, the company's board of directors approved selling its second 4,148-square-meter land plot in Beheira for EGP 26,962,000
The purchaser paid a downpayment of EGP 3 million or EGP 6,500 per square meter.
Arab Company provides commercial banking services including deposits, loans, and credit cards, in addition to asset management services including fund management.
