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FINANCIAL NEWS
Universal Group sets up EGP130m factory in Egypt
22 Aug 2016
(MENAFN) Universal Group proclaimed the launch of its new factory for home appliance moulds at a cost of EGP130mn.
Accordingly, it is the latest of 14 plants in the country belonging to the group for the producer of household appliances.
Moreover, the group target is for its factories to become self-sufficient, and it also aims to enlarge its investments in Egypt in the recent year.
In addition, the firm recently exports 60pct of their products abroad, including stoves, washing machines and water heaters.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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