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  TRACK RECORD

- In 2006, BORAK HOLDING acquired a majority interest in ADVISION, a medium sized advertising agency in Cairo. Today, ADVISION is one of Egypt’s leading ‘below the line’ agencies, specializing and catering to some of Egypt’s top real estate developers.

 

- In 2007, AK for Real Estate Development, a subsidiary of BORAK HOLDING, completed it’s acquisition of 3.4 million square meters of land in Ras El Hekma (on the Mediterranean Coast of Egypt), with more than 3 kilometers of water front.

 

- In April 2008, the assets under management of Borak Asset Management reached a peak of EGP 2.2 billion.

 

- In July 2008, BORAK HOLDING sold Borak Securities –now called the Arab African International Securities – to the Arab African International Bank. Today, Borak Holding still maintains the second largest interest in the brokerage firm.

 

- In September 2009, AK for Marketing and Developing Real Estate completed the acquisition and the legalization of about 8 million square meters of land in Al Jefeira (on the Mediterranean Coast of Egypt), with more than 5.7 kilometers of water front. Third to only Alexandria and Marina, Al Jefeira is destined to become one of the largest coastal and recreational developments in Egypt.

 

- In January 2010, BORAK HOLDING established a new entity, Borak for Hotels & Resorts. Capitalizing on a strategic partnership agreement between the shareholders of BORAK HOLDING and MGM, Borak Hotels & Resorts is planning on developing two luxurious hotels: a Bellagio and an MGM, on the banks of the Nile, near downtown Cairo.

   
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