Friday 21 Feb

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Elsaeed Contracting to open branches in Iraq, Oman


Elsaeed Contracting to open branches in Iraq, Oman

Elsaeed General Contracting and Real Estate Investment Company's board of directors has approved the opening of two new branches in Iraq and Oman.

The company's profits for the period from January to the end of September 2024 reached 89.98 million pounds, compared to 102.68 million pounds in the same period of 2023, after accounting for minority rights.

Operating revenues decreased during this period to 1.6 billion pounds, down from 2.05 billion pounds in the corresponding period last year.

Independent profits for the period totaled approximately 80.7 million pounds by the end of September 2024, compared to 96.05 million pounds in the same period of 2023.