Marseilia Group Expects EGP 1 bn in Sales for 2016

Monday, 19th December 2016

Marseilia Group aims to close 2016 with sales worth EGP 1 bn from all its projects, reported Al Borsa.

The company stated on Tuesday that it has a sales plan that it seeks to implement through all its projects, including Marseilia Beach 4 in Sidi Abdel Rahman, which was financed through down-payments by buyers rather than from the company’s capital.

Marseilia Group increased its capital in 2015 from EGP 40 mn to EGP 60 mn to fund its projects.

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