Cairo – Mubasher:  Arab Polvara Spinning and Weaving said Sunday that its board of directors approved the specifications for selling unused land plots at a public auction, according to a bourse filing on Sunday.

The auction will be held on 5 November 2016, the filing indicated.

In the first half of 2016, the company logged EGP 9.34 million losses, lower 81.7% year-on-year from EGP 51.25 million.