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Egypt for Poultry adopts fair value for Saqqara farms

Egypt for Poultry adopts fair value for Saqqara farms
(Photo credit: Arabianeye - Reuters)
Egypco
EPCO
-0.65% 6.10 -0.04

Cairo - Mubasher: Egypt for Poultry’s board of directors has adopted the fair value set by Professionals Financial Consultancy Company for its two farms in Saqqara - Giza at EGP 8.2 million.

Professionals Financial Consultancy set the fair value of Saqqara 1 farm at EGP 3.7 million, while the fair value of Saqqara 2 farm was EGP 4.5 million, according to a bourse filing.

By 11:14am Cairo time, the stock rose 0.50% to EGP 2.