Cairo – Mubasher: Cairo For Investment and Real Estate Development announced that total proceeds of its capital raise subscription amounting to EGP 14 million.
Proceeds were used to finance the establishment of five new faculties in Badr University in Cairo, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
During fiscal year that ended on 31 August, the EGX-listed firm logged a net profit of EGP 192.57 million, up from EGP 126.37 million a year earlier, including minority shareholders’ rights.
