Cairo - Mubasher: The board members of Dice for Ready-Made Garments (Dice Sport and Casual Wear) recently approved a fair value (FV) study report covering three land plots, which resulted in a total valuation of EGP 1.40 billion, according to a bourse statement.
The study covered a 200,000-square-meter (m²) plot with existing buildings, for which a memorandum of understanding (MoU) was signed with Misr Helwan Spinning and Weaving Company.
The FV study further included two additional plots measuring 3,353 m² and 62,870 m², offered through a public auction and owned by the National Bank of Egypt (NBE) and Banque Misr.
The study was conducted by independent financial advisor Osoul Arabia for Investment and Financial Consultancy (OIB).
It is worth noting that during the first nine months (9M) of 2025, Dice recorded an annual drop in consolidated net profits after tax to EGP 301.65 million, versus EGP 804.69 million.
