Trading on Al Khair River for Developments stock starts on Tuesday

ArabFinance: Trading on Al Khair River for Development Agricultural Investment and Environmental Services (KRDI) stock in the Egyptian Exchange (EGX) has started today, January 25^th at a debut price of EGP 0.10 per share, according to an emailed press release.

This will help in diversifying the sectors making up the stock market, offering various investment products to different traders, particularly in the agricultural sector, Chairman of the EGX Mohamed Farid said.

For his part, the managing director of Al Khair River Ahmed El Sayed said that the company will work on raising the required financing to complete its business and future plans that would allow it to achieve sustainable growth in a number of sectors and economic activities.

Moreover, El Sayed added that listing the company on the EGX marks a main step in supporting the companys efforts towards expansion, growth, and implementation of business plans.

Al Khair River operates in a number of major sectors, including land reclamation, provision of equipment and facilities to lands, and planting reclaimed lands using modern irrigation methods, in addition to, livestock and poultry farming.

On December 29^th 2021, the company has been listed on the EGX with an issued and paid-up capital of EGP 200 million at a nominal value of EGP 0.10 per share.