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Sunday, 3 January 2021

Also on our radar on 3 January 2021

Other business news from the weekend that we’re keeping an eye on:

  • Orascom Construction is distributing an interim dividend of USD 0.21 per share later this month.
  • The first public auction to sell stores in the new administrative capital’s third residential neighborhood (R3) launched last week, with 18 shops sold. The second auction will take place on 7 February.
  • Egyptian Chemical Industries (Kima) has completed its EGP 11.6 bn Kima 2 ammonia factory in Aswan which will have a production capacity of 1.2 tonnes per day of ammonia and 1.5k tonnes of granular urea.
  • Tenders to set up three commercial + logistics parks in Qalyubia will be offered to investors by the Supply Ministry’s Internal Trade Development Authority in 2021.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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