Egypt- Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) signed an agreement worth EGP 4,958,820 with Hassan Allam Construction (HAC) for a project in Toshka in southern Egypt, according to the Al-Fanar's statement filed to the Egyptian Exchange.

Under the deal, HAC will execute and install the irrigation works in the South Valley Development project.

Al Fanar incurred a net loss of EGP 69,913 in the first half (H1) of 2020, against a net profit of EGP 994,624 in H1 2019.

The listed company is established for the purposes of general contracting, construction, trade, import, and export, in addition to land reclamation and division.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.