MM Group to invest in auto loans company

Cairo – Mubasher: MM Group for Industry and International Trade announced that its board of directors decided to invest in 50% of a company operating in installment sales of cars.

The board also decided to open new branches to serve the company’s activities, according to a statement to the Egyptian Exchange (EGX) on Wednesday.  

It is worth mentioning that during the first nine months of 2019, MM Group reported a net profit of EGP 370.07 million, compared to EGP 233.6 million in the prior-year period, including minority shareholders’ rights.

Mubasher Contribution Time: 25-Dec-2019 10:47 (GMT)
Mubasher Last Update Time: 26-Dec-2019 12:03 (GMT)