By Ahmed Allam
Cairo – Mubasher: Egypt-based home appliance maker El-Araby Group is not planning a float of any stakes on the Egyptian Exchange, announced Moheiddin Mahmoud El-Araby.
Speaking exclusively to Mubasher on the sidelines of opening a new plant in partnership with Philips, the official added that the group wishes to remain a closed shareholding entity.
The group has achieved EGP 7.2 billion business value in 2014, said the official; however, he declined to give further details about target figures for 2015 due to competition.
Translated by Sayed Abdel Rahman
Source:
Mubasher Exclusive