Oriental Weavers Carpet will be establishing four new sales branches in Egypt after getting its board approval.
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The showrooms will be inaugurated in Dakahlia’s Mansoura, Sheikh Zayed City in Giza, Badr in El-Beheira, and El-Qanater El-Khayreya in Qalyubia, according to a bourse disclosure on Sunday.
It is noteworthy to mention that in 2021, the company logged net profits worth EGP 1.21 billion, a year-on-year (YoY) rise of 9% from EGP 1.11 billion.
