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North Africa mandates financial advisors to evaluate $90m assets

North Africa mandates financial advisors to evaluate $90m assets
Photo Credit: Arabianeye-Reuters
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Cairo – Mubasher: North Africa Company for Real Estate Investment Co. appointed two independent financial advisors namely; Riqueza Financial Consultancy and FAG to evaluate two projects as well as the company's stock.

The financial advisors well evaluate company's assets totaling $90 million, which are the international school project ($40 million) and the Medical Center project ($50 million).     

The evaluation process is expected to be finished within four weeks.

Riqueza Financial will handle the evaluation of the company's stock on quarterly basis.

North Africa Co. reported an increase of 14.8% to EGP 6.68 million in net profits for the first six months of 2015, compared with EGP 5.82 million for the comparable period in 2014.