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ArabFinance: Acrow Misr for Scaffolding and Formwork (ACRO) announced that its board of directors has approved the establishment of a private limited company based in Amman, Jordan, with JOD 30,000 in capital, according to a statement filed to the Egyptian Exchange (EGX).
The company will be set up in partnership with Acrow Misr’s Jordanian partner Akram Mohamed Qasem Haymoor.
Acrow Misr will hold a 49% stake in the new company, while the Jordanian partner will own 51% of the company.
Moreover, the board decided to begin the process of setting up a private limited company in Tunisia, which has been delayed due to the COVID-19 pandemic.
Established in 1977 and listed on EGX in 1982, Acrow Misr operates within the capital goods sector, focusing on construction and engineering.
