{"id":569702,"date":"2020-03-04T05:57:55","date_gmt":"2020-03-04T05:57:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/"},"modified":"2020-03-04T05:57:55","modified_gmt":"2020-03-04T05:57:55","slug":"hhd-scraps-share-sale-plans-after-management-tender-flops","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/","title":{"rendered":"HHD scraps share sale plans after management tender flops"},"content":{"rendered":"

<\/a> PRIVATIZATION WATCH- HHD scraps share sale plans after management <\/strong>tender flops:<\/strong> State-owned Heliopolis for Housing and Development (HHD) has scrapped its plans to offer a stake of up to 25% as part of the state privatization program, Hesham Aboul Atta, the chairman of HHD\u2019s parent company, the Holding Company for Construction and Development, told Hapi Journal<\/a>. The offering was initially set to include the sale of a 10% stake to a strategic investor, along with management rights, and another 15% on the bourse. The tender for the 10% stake + management rights failed to attract any bids last month despite expectations that at least four companies would submit offers.<\/p>\n

What\u2019s the contingency plan?<\/strong> With the secondary offering on the EGX now scrapped, the company could simply decide to increase its joint projects with private sector players. Aboul Atta previously said that HHD is looking to set a new development plan from within the company. HHD is currently working on drafting a plan to capitalize on and develop its land portfolio within two months, Public Enterprises Minister Hisham Tawfik said, according to Al Mal<\/a>.<\/p>\n

Speaking of the land portfolio \u2014 HHD is auctioning off six land plots in Heliopolis tomorrow<\/strong>, Mubasher reports<\/a>. The plots can be used for residential, administrative, or commercial purposes.<\/p>\n

This doesn\u2019t mean the private sector is being shunned:<\/strong> Tawfik noted that the company is open to signing separate partnership contracts with the private sector, as it once did with SODIC. According to the minister, \u201call options\u201d for partnership with the private sector will be reviewed once a masterplan for HHD\u2019s land portfolio is ready.<\/p>\n

Another route towards more private-sector involvement could be through <\/strong>amendments to the Public Enterprises Act<\/a><\/strong>,<\/strong> which is expected to enter the House in the coming weeks. The amendments would remove listed companies in which the government owns a 75% stake from the legislation and bring them within the scope of the Companies Act instead. The law, in its current form, only applies that stipulation to companies the government holds a 50% stake in. \u201cThe whole point of the secondary offering was to cut the government\u2019s current 72% stake in HHD to below 50%\u201d so that the company would be governed by the Companies Act, HHD Managing Director Sahar El Damaty had told us. The amendments were greenlit by the cabinet at the end of February<\/a> and will now be sent to the Council of State before entering the House for a final vote.<\/p>\n","protected":false},"excerpt":{"rendered":"

PRIVATIZATION WATCH- HHD scraps share sale plans after management tender flops: State-owned Heliopolis for Housing and Development (HHD) has scrapped its plans to offer a stake of up to 25% as part of the state privatization program, Hesham Aboul Atta, the chairman of HHD\u2019s parent company, the Holding Company for Construction and Development, told Hapi […]<\/p>\n","protected":false},"author":1,"featured_media":569703,"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":[8572],"tags":[68,72,157,4711,79,4709,312,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-egx","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-management-rights","tag-public-enterprises-ministry","tag-secondary-stake","tag-sodic","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"40338f45-ce01-4357-8342-fde8ee90c5bf","is_powered_by":true,"section_story_id":"804cb797-da70-4583-9fcb-7970236e9d02","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/55.jpg","photo_position":"above","related_issue":[569691],"teaser":"","voice_url":""},"yoast_head":"\nHHD scraps share sale plans after management tender flops - 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\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HHD scraps share sale plans after management tender flops\" \/>\n<meta property=\"og:description\" content=\"PRIVATIZATION WATCH- HHD scraps share sale plans after management tender flops: State-owned Heliopolis for Housing and Development (HHD) has scrapped its plans to offer a stake of up to 25% as part of the state privatization program, Hesham Aboul Atta, the chairman of HHD\u2019s parent company, the Holding Company for Construction and Development, told Hapi […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-04T05:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"HHD scraps share sale plans after management tender flops\",\"datePublished\":\"2020-03-04T05:57:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\"},\"wordCount\":414,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"Management Rights\",\"Public Enterprises Ministry\",\"Secondary stake\",\"SODIC\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\",\"name\":\"HHD scraps share sale plans after management tender flops - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2020-03-04T05:57:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HHD scraps share sale plans after management tender flops\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HHD scraps share sale plans after management tender flops - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/","og_locale":"en_US","og_type":"article","og_title":"HHD scraps share sale plans after management tender flops","og_description":"PRIVATIZATION WATCH- HHD scraps share sale plans after management tender flops: State-owned Heliopolis for Housing and Development (HHD) has scrapped its plans to offer a stake of up to 25% as part of the state privatization program, Hesham Aboul Atta, the chairman of HHD\u2019s parent company, the Holding Company for Construction and Development, told Hapi […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-03-04T05:57:55+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"HHD scraps share sale plans after management tender flops","datePublished":"2020-03-04T05:57:55+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/"},"wordCount":414,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1","keywords":["EGX","EnterpriseAM","Heliopolis Housing and Development","Management Rights","Public Enterprises Ministry","Secondary stake","SODIC","SPEED ROUND","state privatization program"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/","name":"HHD scraps share sale plans after management tender flops - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1","datePublished":"2020-03-04T05:57:55+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/hhd-scraps-share-sale-plans-after-management-tender-flops\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"HHD scraps share sale plans after management tender flops"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/55.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":572739,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/07\/egypts-heliopolis-housing-to-finalize-its-new-development-plan-this-week\/","url_meta":{"origin":569702,"position":0},"title":"Egypt\u2019s Heliopolis Housing to finalize its new development plan this week","author":"enterpriseam admin","date":"7 July 2020","format":false,"excerpt":"PRIVATIZATION WATCH- HHD\u2019s new development plan will be finalized this week: State-owned Heliopolis for Housing and Development (HHD) expects to finalize this week its new strategy to develop the company after scrapping plans to sell a stake with management rights earlier this year, Hesham Aboul Atta, the chairman of HHD\u2019s\u2026","rel":"","context":"In "Speed Round"","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":593281,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/hhd-approves-draft-contracts-for-10-stake-management-rights\/","url_meta":{"origin":569702,"position":1},"title":"HHD approves draft contracts for 10% stake + management rights","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"PRIVATIZATION WATCH- HHD approves prospectus, draft contracts for 10% stake + management rights: Heliopolis Housing and Development (HHD) has approved in an extraordinary general assembly yesterday draft contracts for handing management rights to a private sector investor, as well as a prospectus for a 10% stake sale to the same\u2026","rel":"","context":"In "Speed Round"","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\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594497,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/hhd-to-decide-draft-contracts-for-stake-sale-management-next-month\/","url_meta":{"origin":569702,"position":2},"title":"HHD to decide draft contracts for stake sale + management next month","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"PRIVATIZATION WATCH- HHD to decide on draft contracts for 10% stake + management rights next month: Heliopolis Housing and Development (HHD) has called for an extraordinary general assembly on 23 November to approve draft contracts for a 10% stake sale that includes management rights to the company, the company said\u2026","rel":"","context":"In "Speed Round"","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":566997,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/heliopolis-housing-to-extend-management-rights-contract-to-10-years\/","url_meta":{"origin":569702,"position":3},"title":"Heliopolis Housing to extend management rights contract to 10 years","author":"enterpriseam admin","date":"9 January 2020","format":false,"excerpt":"PRIVATIZATION WATCH- HHD to extend management rights contract to 10 years: State-owned Heliopolis Housing and Development (HHD) has decided to extend the tenor of the management contract it plans to hand to a private investor to 10 years from an originally planned seven, Al Mal reported. A number of companies\u2026","rel":"","context":"In "Speed Round"","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":571641,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/state-owned-heliopolis-for-housing-and-development-hhd-reporteldy-has-a-new-board-of-directors\/","url_meta":{"origin":569702,"position":4},"title":"State-owned Heliopolis for Housing and Development (HHD) reporteldy has a new board of directors","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"State-owned Heliopolis for Housing and Development (HHD) reporteldy has a new board of directors after the previous board resigned after the company failed to secure offers for its tender for a 10% stake + management rights in February, prompting it to abandon its share sale plans. Former Giza governor Khaled\u2026","rel":"","context":"In "Speed Round"","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":593615,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/hhd-invites-investors-to-qualify-for-10-stake-purchase-management-role\/","url_meta":{"origin":569702,"position":5},"title":"HHD invites investors to qualify for 10% stake purchase, management role","author":"enterpriseam admin","date":"3 October 2019","format":false,"excerpt":"HHD begins hunt for private partner to take over company management: Heliopolis Housing and Development (HHD) has invited private investors to qualify as eligible bidders to take over the state-owned real estate developer\u2019s management and acquire a 10% stake as part of its share sale process, according to an EGX\u2026","rel":"","context":"In "Speed Round"","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\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569702","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=569702"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569702\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/569703"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569702"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569702"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}