Kuwait – Mubasher: Al Mal Investment said that the decision recently taken to float the Egyptian Pound will affect the company’s investments in Egypt.
The Kuwaiti company owns, through a subsidiary, a land space which was included in the company’s registries according to the latest evaluation on 30 June, 2016, according to a bourse filing issued on Thursday.
The financial impact from the step taken by the Central Bank of Egypt cannot be determined in the current time, Al Mal noted.
