El Araby Group Targets EGP6.6bn Sales in 2014

Egypt’s El Araby Group is aiming to boost its sales to 10% (EGP6.6 billion), CEO Ibrahim El Araby revealed to Amwal Al Ghad.

The  Group is targeting pumping new investments during the upcoming period to continue its expansion plan in the industrial area in Quweisna through strategy which it has recently put.

In an exclusives, El Araby asserted that there are no intentions for  El Araby to sell shares in the Egyptian Exchange (EGX) within the next period, noting that the group has owning from 50-56% market shares of refrigerators and LCD TV industries.

Meanwhile, the group was inaugurated several plants and signed many contracts with a number of great trademarks.