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FINANCIAL NEWS
Egypt’s Samcrete invests EGP3.2b in real estate sector
15 Nov 2016
(MENAFN) Samcrete Development has invested EGP3.2bn in real estate sector, comprised of EGP2bn to be used for administrative complexes and EGP1.2bn for residential units.
Accordingly, the company achieved revenues of EGP28.78mn in 2015, noting that the paid-up capital funded by shareholders reached EGP450mn.
Moreover, 57.5 percent of Pyramids Heights Residences units have been sold, reaching almost EGP1.1bn for 358 units out of 600 units.
The firm has inked two construction deals with two construction firms; Construction and Design and Alsafa for Engineering and Contracting Co.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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