Arab Moltaqa Investments Company (AMIC) Announces the Sale of a Land Plot in Al-Moltaqa District
17 Dec 2013
Commenting on the land sale, Mr. Khaled Abou Heif, AMIC’s Managing Director
The sale of the land plot in Al-Moltaqa District, next to Cairo International Airport, with an approximate Land Area of 926 square meter, will enhance the company's net profit in 2013.
According to Mr. / Abou Heif, the land was sold for about 8 Million Egyptian Pounds, which would positively impact the company's net profit by approximately 6 Million Egyptian pounds in 2013.
Mr. / Abou Heif added that AMIC’s Investment team main objective is to maximize the company’s generated revenue and working on our shareholders’ benefit.