Cairo – Mubasher: Zahraa Maadi Investment and Development said Wednesday that the Chairman decided to hire Osool Financial Consultancy to reassess the stock's fair value.
"The company seeks to measure the gap between the stock's fair value and market price ", Vice-Chairman Ahmed Hussein told Mubasher.
"The stock's value is disproportionate to the volume of assets and activities", Hussein added, expected the reassessment study to be completed within a month.
During the second quarter, the company's profits rose by 66% year-on-year to EGP 54.2 million.
The company operates with EGP 55 million, divided into 55 million shares at EGP 1 each.
