Omar Effendi's General Assembly adopts the budget for the next financial year
The General Assembly of Omar Effendi, one of the companies of the Ministry of Public Works Sector, headed by Eng. Mahmoud Hijazi, President of Holding Company for Construction and Development, and in the presence of Major General Ayman Salem, Chairman of Omar Effendi Company, approved the company's budget for fiscal year 2019-2020.
The company aims to get out of its financial crises with sales of about 360 million pounds.
It also aims to achieve a profit of LE 8.5 million, in line with the planned completion of the Ahmed Orabi land project and the land of Nasr City, to build real estate there to generate financial resources in light of the weak salaries of workers.
The company also aims to prepare a study to develop the branches of Tharwat and Marsa Matruh in the context of asset exploitation, as well as the purchase of some spare parts and means of transport.
The company aims to raise the value of the revenues of some branches from 8.5 million pounds to 12.5 million pounds over the next year, with the transfer of Abdel Aziz branch of the marketing center for the products of Damietta and Ruwiki.
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– Omar Effendi
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