Egypt .. “Arab” for development has made the largest daily gains in 55 sessions

Arabs for development and real estate investment and trading on the Egypt Stock Exchange increased by 7.97% at the end of the session on Monday, to circulate at the price of 1.22 pounds per share.

The daily gains of the share reached 9 piasters, which is its largest daily gains in 55 sessions, as it has not achieved these daily gains since January 15.

The trading on Arab Development shares came at the end of today’s session through 95 trading operations, at 505.41 thousand shares with a value of trading 586.94 thousand pounds.

The highest price for the share was at the end of today’s session at 1.22 pounds, while the lowest price was at 1.11 pounds per share.

In Mali, Arabs for Development and Investment achieved annual profits during the past fiscal year 2024, at a value of 290.82 thousand pounds compared to its profits during the fiscal year 2023 of 549.43 thousand pounds.

The company’s revenues from operations during the fiscal year increased by 2024 by 78.75% to 14.3 million pounds, compared to its revenues from operations during the fiscal year 2023 amounting to 8 million pounds.

Arabs for real estate development and investment is one of the real estate sector companies and was established in 2012, and focuses on providing integrated real estate solutions that include the purchase and sale of lands, division, equipping them with facilities, and the development of residential, commercial and administrative buildings. The company also provides unit rental and marketing services to meet the needs of customers and investors in the Egyptian real estate market.

The shares of the company were listed on the Egyptian Stock Exchange in 2014 in the small and medium enterprises market, and it has a market capital of approximately 80 million Egyptian pounds, thus preparing a major player in the real estate development sector thanks to its focus on innovation and meeting local and international demand.