Al Azizia
company for marketing- a limited liability company-was
established according to the provisions of law no.159 of
1981,amended by law no. 3 of 1998 and was registered at
the commercial register under no. 2348(Giza Governorate)
at January 27,2000.
The main
activity of Al –Azizia company for marketing is the
establishment of hotels, motels, residential suite
apartments and touristic villages, touristic
transportation, in addition to marketing activities
related to the hotels and motels, buying, dividing and
selling all kinds of land areas ,buying and constructing
buildings, residential, industrial, administrative,
commercial and touristic compounds and entertainment units
including theatres ,sports centers etc.
Moreover,Al
Azizia company for marketing is practicing various
marketing ,advertising and commercial agencies activities.
Furthermore,
the company has the right to enter into a partner ship
with other local or foreign companies practioing similar
activities ,or which support in achieving its main purpose
and goals , in addition to merge with other entities or
buy other units using its commercial name.
Investments
of Al Azizia company for marketing:
The
investments of AL Azizia Company for marketing for the
amount of LE 6.25 Million representing 25% in the capital
of the united group for highways development company
(UGHD) joint stock company
Moreover ,
engineer Ashraf Sabry –Chairman- LE 3.75 million
representing 50% of UGHD’S capital.
(The
authorized capital of united group for highways
development company amounts to LE 1,000 million, the
issued capital LE 100 million and the paid-up capital LE
25 million).
The purpose
of the united group for Highways Development is to execute
infra-structure activities including water, electricity
,sewage ,roads, telecommunications, establishing and
operating water purification stations, constructing water
distribution networks and electricity stations.
Properties
of Al Azizia company for marketing:
Al Azizia
company for marketing owns the following:
-
Villas
at company Al-Azizia paradise location that are rented
according to limited time-period contracts determined
by the relevant law regulations
- Land areas amounting
to 174 feddans.
-
Hotels
and apartments in Khan Al Azizia Project (not yet
included in the fixed assets as of September 30,2001)
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