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The board of directors of the holding company for the maritime and land transport approved the transfer of a part of the company in the Egyptian group of multifunctional stations to Alexandria Containers and Cargo Handling Company.
Alexandria Container Handling said Tuesday in a statement to the Egyptian Stock Exchange that the shipping and land transport holding company had decided to transfer 13% of Egypt's total capital to the stations, stating that it would pay its share of the capital of the company after the completion of all procedures.
Thus, the capital structure of the "Egyptian stations" represents 20% instead of the 33% of the sea and land transport, 13% of the containers in Alexandria, 34% to the general authority of the port of Alexandria and 33%. % to the authority of the Suez Cbad.
It is worth mentioning that the Egyptian group of multipurpose stations was established in 2018 with a capital of 500 million Egyptian pounds, in light of the agreement signed between the Holding for Shipping and Land, the l '; General Authority of the Port of Alexandria and the Suez Cbad Authority. Port of Alexandria.
It should be noted that the financial indicators of Alexandria Container Handling for the last financial year show a decline in the net profit of the company, which has recorded about 1.85 billion pounds from the beginning of July 2018 until the end of June 2019, compared to 2.44 billion the previous year.
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