Cairo – Mubasher: MM Group For Industry And International Trade’s board of directors has approved a 50-50 partnership agreement with BPE Holding for Financial Investments to establish a finance company with an issued capital of EGP 20 million and an authorised capital of EGP 200 million.
The new company will work in investing in the non-banking financial services sector, a bourse filing revealed on Wednesday.
MM Group had earlier posted a net profit of EGP 323.15 million for fiscal year 2016.
