May 7, 2024

The Chairman meets the Guinean Minister of Finance

Eng. Ahmed El Assar – CEO and Chairman of the Arab Contractors Company, accompanied by Dr. Mohamed Onsi Elbeshouty – Vice Chairman and Eng. Ayman Attia – Board Member, was on a visit to Equatorial Guinea, during which they met with Guinean Minister of Finance. This was in the presence of Mr. Emad Ebeid –Supervisor of the Financial Sector for Africa; Eng. Alaa Amer - Managing Director of the Guinean Arab Contractors Company; and Mr. Sayed Adam - Head of the Financial Sector. During the meeting, a number of topics related to the Guinean Arab Contractors Company were discussed, including the company’s debt. The Guinean Minister expressed his strong welcome to the visit and his appreciation for the company’s efforts and contributions to the development efforts in Equatorial Guinea, and his intention to make the greatest possible effort to help the company in light of the current economic situation. Eng. Ahmed El Assar – CEO and Chairman of the Arab Contractors Company, and the accompanying delegation also met with Egyptian Ambassador to Equatorial Guinea Haddad El Gohary, who expressed his appreciation for the company’s role in supporting Egyptian-Guinean relations and also expressed full support for the company to continue its mission. On the sidelines of the visit, the General Assembly of the Guinean Arab Contractors Company was held, and the final accounts for the year ending on December 31, 2023, were approved. Future business and the new business opportunities for the company were discussed in light of the existing competition in the local and global markets.