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Palm Hills negotiates EGP 500 mn loan to refinance debts
Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order…
NACCUD, Orange Egypt sign contract to establish new capital data center
The New Administrative Capital for Urban Development Company signed a USD 135 mn contract with Orange Egypt to establish, operate…
Heliopolis Housing to extend management rights contract to 10 years
PRIVATIZATION WATCH- HHD to extend management rights contract to 10 years: State-owned Heliopolis Housing and Development (HHD) has decided to…
Hussein Shoukry resigns from SODIC board
MOVES- Hussein Shoukry resigns from SODIC board: HC Securities Chairman Hussein Shoukry has submitted his resignation from the SODIC board…
Banque du Caire acquires 20% stake in Egy Serv
M&A WATCH- Banque du Caire acquires 20% of Egy Serv: Banque du Caire (BdC) has acquired a 20% stake in…
Sodic’s Soreal signs EGP 1 bn facility with CIB to finance its EDNC project
DEBT WATCH- Sodic subsidiary signs EGP 1 bn medium term facility with CIB: Sodic subsidiary Soreal for Real Estate Development…
SODIC, NUCA sign escrow with Banque Misr for 500 acre Zayed development
SODIC and the New Urban Communities Authority (NUCA) signed on Tuesday the escrow contract for SODIC’s 500 acre development in…
HHD secondary offering to be completed before May 2020
PRIVATIZATION WATCH- HHD secondary offering to be completed before May 2020: Heliopolis Housing & Development (HHD) will take its secondary…
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