Obour Land for Food Industries
This came in a filing by the company to the Egyptian Exchange (EGX) in response to what was published entitled: UAE Agthia seeks to acquire Obour Land for food industries.
"The new production lines will reduce energy consumption, water consumption and will be more environmentally friendly."
The Company's net sales in 2019 jumped 8 percent, recording LE recorded EGP 2.587 billion.
Obour Land recorded a net profit of LE 243 million ($13.79 million) in 2017, compared to LE 162 million in 2016.
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