Cairo – Mubasher: Arab for Development and Real Estate Investment Company said it bought a land plot for EGP 8.33 million, located at the 5^th settlement.

On other hand, the company sold a land plot for EGP 5.4 million that is located at Benha City.

The firm pointed out that it runs regular selling and purchasing activity of its lands plots as it seeks better investment opportunities.

Earlier, the company reported an increase of 20.6% y – o- y in its net profits for the second quarter of 2016, as its profits reached EGP 440,000.