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Emaar Misr donates EGP 878m to national projects

Emaar Misr donates EGP 878m to national projects
Emaar Misr is a subsidiary of UAE-based Emaar Properties
Emaar Misr
EMFD
-8.24% 5.46 -0.49

Cairo – Mubasher: Emaar Misr on Thursday announced that the company’s board of directors has decided to donate EGP 878 million to national projects implemented by Egypt’s state-run entities.

The Egyptian Exchange (EGX) has resumed trading on the company’s stock on Thursday after trading suspension until receiving the board’s decisions.

It is worth noting that Emaar Misr, a subsidiary of UAE-based Emaar Properties, reported a 48.6% year-on-year growth in consolidated profits for the fiscal year 2018, recording EGP 3.4 billion.