November 29, 2021

Egyptians for Housing to appoint IFA to conduct FV study on Edge Development’s stock


ArabFinance: The board of directors of Egyptians for Housing and Developmen Company (EHDR) has approved to assign the company’s chairman in appointing a certified independent financial advisor (IFA) by the Financial Regulatory Authority (FRA), according to a statment filed to the Egyptian Exchange (EGX).

The IFA will be appointed to conduct the fair value (FV) study on the unlisted company Edge for Development and Projects Management’s stock.

This comes in line with Egyptians for Housing’s plan to acquire 39.99 million shares, representing a 99.9% of Edge for Development’s capital.

Egyptians for Housing operates in the real estate development and investment sector, with the focus on the businesses of buying, purchasing, dividing, and selling lands, and establishing buildings and facilities.

The company’s business also includes setting up urban expansion projects, residential and commercial complexes, and new township projects.

arabfinance


Categories : finance & economy

Finance & Economy

AMOC’s consolidated profit skyrockets 1,057% in 6 months

2022-01-22 04:00:00

ArabFinance: Alexandria Mineral Oils Company (AMOC) reported a 1,057% year-on-year (YoY) surge in consolidated net profit after"...
Read More

Egypt, South Korea sign a $1bn financing...
January 22, 2022
Jamaica Showcases Its Top Women Sportspe...
January 21, 2022

Latest News



finance & economy

AMOC’s consolidated profit skyrock...
January 22, 2022
Egypt, South Korea sign a $1bn financing...
January 22, 2022
Jamaica Showcases Its Top Women Sportspe...
January 21, 2022