The Arab Real Estate Investment Arrow (ALICO), which is running and trading on the Egypt Stock Exchange, succeeded in achieving a new standard price level, exceeding the price of 2.4 pounds per share for the first time since it was included in the Egypt Stock Exchange.
The highest price for the share was at the end of the session at 2.42 pounds per share, while the lowest price for the share was at 2.3 pounds per share.
ALICA shares on the Egypt Stock Exchange increased by 3.51% at the end of trading today, Wednesday, to close the session at the price of 2.36 pounds per share.
ALICA shares trading came through 762 trading operations, at 13.66 million shares, with a trading value of 32.37 million pounds.
In a look at the company’s financial performance, Alyco Safi achieved profits during the first 9 months of the fiscal year 2024 with a value of 2.15 million pounds, compared to its profits during the first 9 months of the fiscal year 2023 amounting to 13.92 million pounds.
ALICO managed to achieve a growth in its sales volume, during the first 9 months of the fiscal year 2024 to record 53.81 million pounds compared to sales of 51.76 million pounds during the 9 months of the fiscal year 2023.
And the Arab Real Estate Investment Company – Alco is an Egyptian joint stock company, founded in mid -1991 and is specialized in implementing construction, housing, tourism and industrial projects.
Alico focuses on building housing and administrative units, buying and developing lands, and managing residential and administrative complexes, as well as establishing residential cities and tourist villages, in addition to providing real estate marketing services and importing and exporting construction supplies.
The shares of the company on the Egypt Stock Exchange were included in August 2011 to reflect its commitment to transparency and enhance the confidence of investors. The company seeks to achieve sustainable urban development through its various projects, which makes it a major player in the real estate sector in Egypt.
