Cairo-Mubasher: Middle Egypt Flour Mills’ ordinary general meeting (OGM) approved the estimated budget for the fiscal year 2016/17, according to a recent statement.
The budget was approved with a net profit worth EGP 35.6 million ($4.01 million) as well as EGP 50 million ($5.63 million) total investments which will be equity financed.
Shareholders have approved the appointment of Mohamed El Gibaly as chairman, starting from 17 February, 2016.
