Samia al - Faqi
The Northern Cairo mills and bakeries company declared the sale of the land and buildings of Anatos in the Beauty region of Cairo to be terminated after a series of auctions cancelled during the past two years because the offers did not reach the average rate of evaluation, while the company decided to re-place the land and buildings of Shaun Bajam ' s tents for auction during the next August.
In a statement to the Egyptian stock exchange, the Committee on Purchase and Sale, established by a decision of the executive head of the Food Industry Holding Company, concluded during the auction session of 22 July 2026, that the sale of land and buildings of an atomic mill of 1,783.64 square metres (under deficit and increase), at a price of £9200 per square metre, with the auction being presented to the company ' s board for approval.
The company had obtained the approval of the extraordinary General Assembly on 7 June 2022 for the sale of land and lantern buildings, but several attempts to complete the sale had not been completed, as the April 2025 auction had been cancelled for non-procurement and the August 2025 and May 2026 auctions had been cancelled after the prices provided had not reached the average estimated value of the asset, before the company successfully completed the sale during the July auction.
In the same vein, the North Cairo mills and bakeries announced Sunday, 16 August 2026 sales dates for a public auction with the closed-door encryption system for the land and buildings of the Shauna Bejam warehouses in the province of Al-Quleba, following the cancellation of the previous auction held last May because the price of the trench did not reach fair value at the prevailing prices in the region.
The company indicated that public auction disposals were exempted from the provisions of article 43 bis of the Regulations on the Limitation and Writing of Securities, in accordance with decision 26 of 2026 of the Board of Directors of the General Financial Control Board.
