Cairo – Mubasher: Total assets of Al-Awqaf Egyptian Authority have recorded EGP 1.037 trillion, general manager Sayed Saad Mahrous said.
The authority’s revenues reached EGP 1.21 billion, Mahrous told Al-Hayat TV.
By the end of fiscal year 2016/2017, total assets and investments managed by Al-Awqaf amounted to EGP 982 million.
The authority is planning to establish a new company by transferring an asset portfolio with a minimum of EGP 1 billion.
