Cairo - Mubasher: The board of directors of Marseilia Almasreia Alkhalegeya Real Estate Investment has approved a finance lease contract valued at EGP 50 million.

The five-year contract will be signed for 11 chalets in Marseilia Land Village in Kilo 108 Alexandria –Matrouh coastal road, according to a bourse disclosure on Sunday.

It is noteworthy to mention that during the first half (H1) of 2022, the company incurred consolidated net losses of EGP 16.52 million, against net profits of EGP 10.66 million in the year-ago period, including minority shareholders’ rights.