Cairo - Mubasher: Al Fanar Contracting, Construction, Trade, Import, and Export Company inked an EGP 18.15 million contract to execute comprehensive earthworks at a basement project in Ras El Hekma, Marsa Matrouh, according to a bourse filing.
Meanwhile, the scope of work includes excavation, backfilling, and leveling activities for the Wadi Yemm project located in Zone 2.
In March, the board of Al Fanar Contracting greenlighted doubling its issued and paid-up capital to EGP 32 million from EGP 16 million through the distribution of bonus shares.
