Tabarak Holding establishes “TBK for Real Estate Development”

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Tabarak Holding Company established a new company called “TBK Real Estate Development”, and “Tabarak” owns 51% of the company, and 49% of Egyptian and Arab shareholders.

The authorized capital of the company amounts to one billion pounds, and the issued capital is 100 million pounds. The company aims to increase the issued capital to one billion pounds within two years.

Ali El Sherbani, Chairman of the Board of Directors, said: a company Tabarak Holding, TPK, is negotiating the purchase of 4 plots of land with areas ranging from 50 to 100 acres per project, in east and west Cairo and the coastal areas. The company aims to develop several new urban communities during the coming period.

El-Sherbani added to Al Borsa that the new company is studying the development of commercial and administrative projects in the Down Town area in the new administrative capital, and is also studying expansion in some Arab and African countries.

The article “Tabarak Holding” establishes “TBK Real Estate Development” was written in Al Borsa newspaper.