
Obourland intends to open its EGP 255m cattle farm by 2022
New farm to raise 2,500 cows over 4 years
New farm to raise 2,500 cows over 4 years
The farm is set to provide 25% of the company’s milk production, and will be used for packaged milk products only. The management expects the farm to produce 7,000 tonnes of milk in 2022.
Company’s net sales for the period record EGP 1,249.0m
Demand of local and foreign companies on Obourland’s IPO is proof of global financial markets and foreign investors’ confidence in Egypt, says minister
The company refused to lower the offering price below the fair value, say sources close to the offering
The markets include the US, England, South Africa, Saudi Arabia, and Emirates—Dubai and Abu Dhabi in particular