The Egyptian Exchange announced Monday that large-volume transactions (block trades) were executed on 4.662 million shares of Arab Land Reclamation, valued at EGP 23.311 million.
Menatallah Mohamed Khaled, financial analyst at Misr
Exterior Financial, said Moustakbal Misr's acquisition of Arab Land Reclamation
is a qualitative leap in the agriculture sector. The company plans a
comprehensive restructuring to raise efficiency and transform it into a
strategic development arm.
The development plan prioritizes agricultural mechanization
to boost productivity and reduce costs, a strategy Moustakbal Misr aims to
transfer to other companies, Khaled added.
Moustakbal Misr plans to inject significant investments to
increase cultivated land and achieve food security, while also forging
partnerships with major agricultural technology firms to implement smart
farming, according to Khaled. The analyst noted that Arab Land Reclamation is
expected to become a regional center for land reclamation expertise.
Morad Lotfy, deputy head of institutions at Arabia Online
Financial, said the deal will maximize added value through integrated
production chains, from agriculture to manufacturing, and create new job
opportunities.
According to Lotfy, Moustakbal Misr's strategy is to
transform land reclamation into a modern agricultural economy, which aligns
with the acquisition and opens the door for expansion in mega national
agricultural projects.
EFG Hermes was responsible for the share ownership transfer
on the Egyptian Exchange.
Arab Land Reclamation Co. has a target net profit of EGP 6.2
million for the 2025-2026 fiscal year, up from an expected EGP 5.038 million at
the end of the current fiscal year. The company aims to achieve revenues of EGP
192.3 million for the same period, down from an expected EGP 198 million.
The company's net profit was EGP 564,280 for the period from July to March 2025, compared to a profit of EGP 1.25 million during the same period last year.