The company has been facing significant challenges in recent years, including the absence of new major projects compared to its early days. Senior management lacks the experience and strategic direction needed to restore stability.
Financial obligations exceeding EGP 1 billion remain unsettled with both governmental and private entities, leading to severe liquidity issues that have impacted salary payments — often delayed until mid or late the following month.
Employee benefits have also deteriorated, with no medical insurance for nearly two years, no annual raises, no profit-sharing, and no performance bonuses.
Staff turnover is extremely high, with around 90% of employees having left over the past period, and no clear career path for current staff.
The company’s reputation in the market has been negatively affected, and multiple legal disputes are ongoing with former employees and suppliers.
Overall, the environment lacks transparency, stability, and growth opportunities.
