Cairo – Mubasher: Arab Developers Holding is targeting to log EGP 2.80 billion in sales across all of its projects during the current year.

The group also aims to pump investments of EGP 1.50 billion during 2022 to speed up the construction and delivery process, according to a stock exchange filing on Tuesday.

In addition, it aims to achieve revenues ranging from EGP 3.60 billion to EGP 4.10 billion, respectively for the coming two years.

It is worth noting that during the three-month period ended 31 March 2022, Arab Developers Holding, previously known as Porto Group Holding, registered consolidated net losses of EGP 8.66 million, against net profits of EGP 18.85 million in the year-ago period.