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Cairo Oils cancels auction to sell land plot

Cairo Oils cancels auction to sell land plot
Photo Credit: Arabianeye-Reuters
Misr Oils & Soap
MOSC
0.43% 184.18 0.79

Cairo – Mubasher: Cairo Oils and Soap said it cancelled an auction to sell a land plot that is spread across 806 square meters in Gharbya governorate.

The company cancelled this auction, as it didn’t reach a satisfying price.

Cairo Oils is currently operating with capital of EGP 200 million, distributed across 40 million shares at EGP 5 par value each.