Faisal Islamic Bank, Remco unveil $19.2mln land sale in Nasr City
Faisal Islamic Bank agreed with Remco Tourism Villages Construction Company to sell a 17,907-square-meter land plot in Nasr City for EGP 914.5 million, according to a bourse filing.
The transaction will be reviewed during the next board meeting, scheduled for October 16th, 2025.
In the first half (H1) of 2025, the bank’s net profits after tax and non-controlling interest plunged by 78.59% year on year (YoY) to EGP 1.489 billion from EGP 6.957 billion.