Cairo – Mubasher: Arab Co. for Asset Management And Development on Wednesday said that its board of directors has decided authorising Arab Cotton Ginning Company (ACGC) to complete selling a land plot in Monufia governorate at a value of EGP 14 million.

On 14 January, ACGC, which is a subsidiary of Arab Co. for Asset Management And Development, received EGP 12 million from investors who purchased the land, according to separate statements by the two firms to the Egyptian Exchange (EGX).

The amount of EGP 14 million will be transferred to Arab Co. for Asset Management And Development.