Egypt’s Tabarak Holding posts 350 mln pounds contractual sales in Q1-2018

Egypt-based real estate investment firm Tabarak Holding Group has achieved contractual sales of 350 million Egyptian pounds ($19.8 million) during the first quarter of 2018, said its chief executive Ali El-Shorbany on Tuesday.

The company posted a growth rate estimated at 70 million pounds from these contractual sales, compared with what was achieved during the first quarter of 2017, El-Shorbany further told Amwal Al Ghad.

The Egyptian official referred that Tabarak has paid financial dues by 90 percent, recording 130 million pounds in favour of the country’s New Urban Communities Authority (NUCA) because of attaining a land plot.