CAIRO - 7 March 2023: The Board of Directors of Emaar Misr Development Company decided to establish a new company. Emaar Misr said in a filing to the stock exchange, Tuesday, that the new company will manage the facilities in the company's projects. Emaar Misr for Development recorded a net profit of LE 6.56 billion in 2022, compared to profits of LE 4.11 billion in 2021. The company's revenues increased during the past year to LE 14.73 billion, compared to LE LE 11.08 billion in 2021.

Source: Egypt Today March 07, 2023 22:00 UTC