El Arabia for Land Reclamation
EEGX:EALR282.28
EGP
-10.72
(-3.66%)
El Arabia for Land Reclamation
EGX:EALR
(Egyptian Exchange)
Recent
price
282.28
P/E
ratio
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div
yld
- -
ROIC.AI
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- El Arabia for Land Reclamation SAE is an Egypt-based public shareholding company engaged in land reclamation, civil engineering contracting, agricultural infrastructure development, and real estate management. Founded in 1964 and headquartered in Giza, Egypt, the company operates across domestic desert, coastal, and delta regions, delivering specialized contracting services to public sector authorities, agricultural enterprises, and private developers. The company organizes its core operations across several primary service and product lines: land reclamation and soil remediation, comprising earthmoving, land leveling, desert clearing, and soil conditioning for crop cultivation; irrigation and water resource infrastructure, including canal lining, canal rehabilitation, water drainage network installation, and pumping station construction; groundwater exploitation, including hydrological surveying, exploratory studies, and deep water well drilling; civil and general contracting, encompassing the construction of agricultural facilities, rural road networks, administrative buildings, and residential housing developments; real estate development and asset management, involving the acquisition, subdivision, development, leasing, and sale of reclaimed agricultural and urban land parcels; and technical advisory services, covering topographical surveys, environmental impact assessments, and feasibility studies for coastal and desert development initiatives. In recent major developments, the company completed a strategic ownership restructuring whereby an 89.66 percent majority equity stake was transferred to the Mostaqbal Misr (Future of Egypt) Agency for Sustainable Development, strategically positioning the firm to participate in national agricultural and reclamation mega-projects. Operationally, the company expanded its project portfolio through key contract awards, including extensive canal lining and rehabilitation works in Kafr El-Sheikh and the Central Delta, alongside an infrastructure rehabilitation and industrial works mandate across 11,000 feddans in the North Sahl El-Husseiniya project in the Sharqiya Governorate valued at approximately EGP 75.97 million. In addition, management adopted a strategic planning budget targeting substantial profit expansion for upcoming fiscal cycles while deploying retained operating surpluses toward balance sheet de-leveraging and fleet modernization.