ArabFinance: Marseilia for Real Estate Investment (MAAL) decided to increase the issued capital of Marseilia for Assets Management by EGP 7,750,000, according to the company’s October 22ndstatement filed to the Egyptian Exchange.
Marseilia for Assets Management, a 99%-owned subsidiary by Marseilia for Real Estate, will increase the issued capital from EGP 250,000 to EGP 8,000,000.
Marseilia for Real Estate Investment reported a consolidated net profit of EGP 1,391,298 in in the first half (H1) of 2020, a 70% decline from EGP 4,605,217 achieved in H1 2019.
Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.
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.
