Cairo — Mubasher: Arabia Investments, Development and Financial Investment Holding Company (AIND) on Sunday said that its subsidiary, Misr For Mechanical & Electrical Projects (Kahromika), has signed a partnership agreement to set up a branch in the UAE.
Kahromika’s UAE branch will offer full-fledged electro-mechanical contracting services for infrastructure, energy, water and oil projects, Arabia Investments said in a statement to the Egyptian Exchange (EGX).
During the first nine months of 2019, Arabia Investments posted a profit of EGP 64.3 million, against a loss of EGP 142.8 million in the prior-year period, including minority shareholders’ rights.
