By: Ahmed Allam
Cairo – Mubasher: Qalaa Holdings is planning to inject investments worth EGP 400 million in Dina Farms, the company’s chief marketing officer Ghada Hammouda said.
The leading investment company in the Middle East has invested about EGP 500 million in Dina Farms until now, Hammouda added during a tour of Dina Farms in the Cairo-Alexandria desert road.
In 2007, Qalaa Holdings, formally Citadel Capital, acquired Dina Farms in a deal valued at EGP 585 million.
Dina Farms has a land spanning over around 9,600 feddans, including nearly 5,600 feddans of cultivated land, she added.
During the first quarter of 2019, Qalaa Holdings reported a 6.5% year-on-year decline in its losses, registering EGP 171.47 million, compared to EGP 183.48 million in the year-ago period, according to the company’s consolidated financial statements.
Translated by: Zeinab Adel
