Cairo for Oil and Soap Co. has mandated FinCorp Investment Holding to act as an independent financial adviser on the sale of a land plot outside of Cairo.

FinCorp will prepare a study that determines the land's fair value and market value.

The company's board earlier approved selling a land plot of 20,141 square meters in the Giza suburb of Badrashin.

Cairo for Oil suffered EGP 27.8 million in losses for the six-month period ended 31 December 2014.