Cairo – Mubasher: Arabia Investments Holding (AIH) announced the appointment of Mohamed Abdel Rahman Hathout as the chairman and managing director of its 51%-owned subsidiary Misr Company For Mechanical and Electrical Projects (Kahromika).
The appointment comes in line with the company’s plan to support administrative reforms in an effort to boost the company’s profitability, according to a bourse disclosure on Monday.
It is worth mentioning that in 2019, AIH’s net profits grew to EGP 82.48 million from EGP 72.77 million a year earlier.
