Egypt’s Badr Investors to Launch Holding Firm with EGP200mn Capital

Badr Investors Associaation (BIA) is planning to launch holding firm to develop the city with EGP200 million initial capitals, Alaa El-Sakty chairman revealed.

It is schedule to launch the firm in cooperation with Housing Ministry so as to complete all the suspended infrastructure projects entire the city and to announce for the company’s shareholders later, El-Sakty noted.

In a statements, El-Sakty added that the company’s task will focus on establishing new plants and residential city for the workers in addition launching permanent exhibition for the company’s products.

Furthermore, he added that Badr’s board of director’s nod to directing proportion of the company’s profits to Long Live Egypt’s fund annually.