Cairo – Mubasher: Arafa for Investment and Consultancies has signed the final agreement to divest from the Italian company Forall Confezioni, according to a bourse filing.
The company sold a 35% minority stake in Forall Confezioni in return for € 25.3 million.
Over the first three months, Arafa registered $1.76 million profits, higher 52% year-on-year from $1.16 million.
