Dairy maker Domty uses 152mn Egyptian pounds of capital gains in June

Big 5

Egyptian dairy maker Arabian Food Industries Company (Domty) announced Tuesday that it has used 154 million Egyptian pounds ($8.6 million) of proceeds from its shares subscription at the end of June 2017.

The Egyptian company has paid 61 million pounds to purchase vehicles from Al Mansour Automotive in order to distribute its products.

In addition, Domty has pumped investments worth 40 million pounds to establish a new factory, which will be established on the a land plot on the land of the country’s Tatweer Misr.

Comments
Loading...