{"id":558577,"date":"2021-08-17T04:13:04","date_gmt":"2021-08-17T04:13:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/"},"modified":"2021-08-17T04:13:04","modified_gmt":"2021-08-17T04:13:04","slug":"heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/","title":{"rendered":"Heliopolis Housing to move from Public Enterprises to Companies Act purview"},"content":{"rendered":"<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Heliopolis Housing<\/strong> is on course <strong>to become a joint stock company<\/strong> after its board of directors <a href=\"https:\/\/ent.news\/2021\/8\/HELI.pdf\">agreed (pdf)<\/a> yesterday to <strong>remove it from the purview of the Public Enterprises Act<\/strong>, and bring the EGX-listed company within the scope of <strong>the Companies Act<\/strong> instead. The change of status comes after <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/22\/companies-up-to-75-owned-by-the-state-could-be-reclassified-as-law-159-enterprises\/\">amendments<\/a> to the Public Enterprises Act enabled companies in which that state owns less than 75% to be reclassified as \u201claw 159\u201d enterprises, giving company execs to manage the business according to market norms.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Other things we\u2019re keeping an eye on this morning: Heliopolis Housing is on course to become a joint stock company after its board of directors agreed (pdf) yesterday to remove it from the purview of the Public Enterprises Act, and bring the EGX-listed company within the scope of the Companies Act instead. The change of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,3558,68,72,157,3557],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558577","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-companies-act","tag-egx","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-public-enterprises-act","wpautop","entry"],"acf":{"mongo_id":"fa74a8e4-0f8c-4b90-889d-e3b2b2906b68","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558559],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Heliopolis Housing to move from Public Enterprises to Companies Act purview - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heliopolis Housing to move from Public Enterprises to Companies Act purview\" \/>\n<meta property=\"og:description\" content=\"Other things we\u2019re keeping an eye on this morning: Heliopolis Housing is on course to become a joint stock company after its board of directors agreed (pdf) yesterday to remove it from the purview of the Public Enterprises Act, and bring the EGX-listed company within the scope of the Companies Act instead. The change of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-17T04:13:04+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Heliopolis Housing to move from Public Enterprises to Companies Act purview\",\"datePublished\":\"2021-08-17T04:13:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\"},\"wordCount\":102,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"Companies Act\",\"EGX\",\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"Public Enterprises Act\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/heliopolis-housing-to-move-from-public-enterprises-to-companies-act-purview\/\",\"name\":\"Heliopolis Housing to move from Public Enterprises to Companies Act purview - 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The Public Enterprises Ministry could offer private investors the management rights to three bus companies before merging them together, Minister Hisham Tawfik said, according to Al Mal. 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The move would bring the company\u2019s total freefloat up to 57%, with the Holding Company for Building and Construction holding the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598955,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","url_meta":{"origin":558577,"position":3},"title":"Government approves handing Heliopolis Housing management to an investor","author":"enterpriseam admin","date":"13 June 2019","format":false,"excerpt":"M&A WATCH- Gov\u2019t to offer 11% stake in Heliopolis Housing \u2014 with management rights: The Public Enterprises Ministry and the Holding Company for Construction and Development have given principal approval to hand the management of Heliopolis Housing & Development (HHD) to a private investor, Heliopolis Housing said in a bourse\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569454,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/hhd-pauses-10-stake-management-contract-amid-conflicting-reports-of-offers\/","url_meta":{"origin":558577,"position":4},"title":"HHD pauses 10% stake + management contract amid conflicting reports of offers","author":"enterpriseam admin","date":"25 February 2020","format":false,"excerpt":"PRIVATIZATION WATCH- HHD to pause share sale plans after finding no bidders for 10% stake + management rights: State-owned Heliopolis for Housing and Development (HHD) is preparing an \u201calternative plan\u201d to offer a 10% stake and management rights to a private investor, saying it didn\u2019t receive any offers on Sunday,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/316.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/heliopolis-housing-planning-to-list-32-25-stake-by-mid-2019\/","url_meta":{"origin":558577,"position":5},"title":"Heliopolis Housing planning to list 32.25% stake by mid-2019","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"IPO WATCH- Heliopolis Housing planning to offer a 32.25% stake on the EGX by mid-2019: Heliopolis Company for Housing and Development (HHD) is planning to offer a 32.25% stake on the EGX by mid-2019, Sahar Al Damati, HDD\u2019s managing director for financial affairs, told Zawya. Public Enterprises Minister Hisham Tawfik\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558577"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558577\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/558559"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558577"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558577"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}