ArabFinance: Gulf Canadian Real Estate Investment (CCRS) announced that its ordinary general meeting (OGM) has approved the sale of two land plots in the New 6th of October city, according to a statement filed to the Egyptian Exchange (EGX).

Through the sale of the two lands, the company plans to provide the necessary liquidity to complete the procedures of evacuating a mall in Ain Shams to be sold.

The OGM also assigned the board of directors to decide upon the sale of the companys office in Mansoura.

Moreover, the OGM has accepted the resignation of the Egyptian Arab Land Bank from being a member of the companys board.

Gulf Canadian specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.

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