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Arab Developers eyes EGP 7bn contracted sales in 2024

Arab Developers eyes EGP 7bn contracted sales in 2024
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ARAB Developers Holding
ARAB
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Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024.

The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure.

In 2023, the EGX-listed firm shifted to consolidated net profits valued at EGP 100 million, against net losses worth EGP 18 million a year earlier.

As for the standalone business, the net profit dropped year-on-year (YoY) to EGP 87.32 million in the January-December 2023 period from EGP 92.87 million.