{"id":591278,"date":"2019-12-02T04:26:11","date_gmt":"2019-12-02T04:26:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/"},"modified":"2019-12-02T04:26:11","modified_gmt":"2019-12-02T04:26:11","slug":"hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/","title":{"rendered":"HHD 10% stake + management contract to be awarded at the end of January -Tawfik"},"content":{"rendered":"

<\/a> EXCLUSIVE: HHD 10% stake + management contract to be awarded at the <\/strong>end of January -Tawfik:<\/strong> NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with a 10% stake in the company, Public Enterprises Minister Hisham Tawfik told Enterprise. HHD Chairman Hany El Deeb said last week<\/a> that the final contracts would be signed at the end of 1Q2020.<\/p>\n

NI Capital invites investment banks to bid:<\/strong> NI Capital, the state-owned investment bank overseeing the government\u2019s privatization program, has invited a number of investment banks to bid for the contract, banking sources told the local press<\/a>. The banks are expected to submit offers individually or as part of a consortium within the next two weeks, the sources said, without disclosing the names of the banks.<\/p>\n

Who do we already know is in the running?<\/strong> Eight companies were initially reported to have been interested in HHD, including SODIC, EFG Hermes, BPE Partners, Emaar Misr, and Orascom Development. Sources said that as of Thursday, only SODIC and BPE Partners had purchased the prospectus, which went on sale last Monday<\/a>.<\/p>\n

Bidders have until 1pm on 14 January to throw their hats into the ring<\/strong> and must submit any enquiries by 18 December.<\/p>\n

The latest on the state privatization program:<\/strong> The Public Enterprises Ministry is choosing from a list of eight companies to IPO on the EGX, including e-Finance, Banque du Caire, and El Nasr Mining company, Tawfik told us. One of these companies might be offered before the end of the government\u2019s current fiscal year in June 2020<\/strong>, he said, adding that the government plans to list several companies in 2020. Alexandria Container & Cargo Handling Company and Abu Qir Fertilizers are also ready to take secondary offerings to the market and are waiting on the investment banks quarterbacking the transactions, Tawfik said at a conference last week.<\/p>\n

Some analysts are skeptical that the program can meet its targets:<\/strong> Reuters reports<\/a> that analysts have raised doubts the Madbouly government can keep to its current timetable for the privatization program, citing constant delays for \u201cflimsy\u201d reasons. The government announced plans to privatize 23 companies back in March 2018, but until now Eastern Tobacco\u2019s 4.5% secondary offering in March<\/a> is only the one to go to market. \u201cThe successive postponement of the IPO weakens the government's position significantly and loses confidence in the program,\u201d said Wael Enaba, chairman of Royal Brokerage, who notes the successful private sector offerings that have taken place this year.<\/p>\n

The government has cited procedural delays and market uncertainty as reasons for postponing the sales. <\/strong>Radwa El Swaify, head of research at Pharos, says that the government should take a more proactive approach. \u201cWe need to energize the market through government offerings, rather than waiting for market activity,\u201d she said.<\/p>\n

The continued delays could hit investor sentiment<\/strong>, said Amr Ghallab, an MP who sits on the House Economic Committee. The government \u201cshould announce a clear timetable and a new timetable for the IPO program ... When dealing with the capital market, transparency and clarity must be the master of the situation,\u201d he said.<\/p>\n

Still, we wonder: Have we not lost the plot with this constant hand-wringing <\/strong>about when the government will do an IPO or a secondary? <\/strong>First, nobody goes to market in adverse conditions \u2014 like when the EM Zombie Apocalypse bites or Aramco threatens to suck all the liquidity out of EM. Second, any policymaker (to say nothing of investment banker) who greenlights a transaction on a state asset that ultimately falls short of price expectations will be excoriated in the court of public opinion. And third, the only question that matters isn\u2019t \u201cwhen\u201d the government pulls the trigger on the sales, but whether the companies themselves are serious <\/strong>about what it means to continue life reporting not to a holding company and \u201ctheir\u201d minister, but to public market shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE: HHD 10% stake + management contract to be awarded at the end of January -Tawfik: NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with a 10% stake in the company, Public Enterprises Minister Hisham Tawfik told Enterprise. HHD Chairman […]<\/p>\n","protected":false},"author":1,"featured_media":591279,"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":[72,10919,78,834,2380,587],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-heliopolis-housing-development","tag-ipo-watch","tag-ni-capital","tag-speed-round","tag-state-privatization-program","wpautop","entry"],"acf":{"mongo_id":"d127a3dc-f25a-4a64-9deb-00becb8b7375","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/2\/329.jpg","photo_position":"above","related_issue":[591273],"teaser":"","voice_url":""},"yoast_head":"\nHHD 10% stake + management contract to be awarded at the end of January -Tawfik - 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\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HHD 10% stake + management contract to be awarded at the end of January -Tawfik\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE: HHD 10% stake + management contract to be awarded at the end of January -Tawfik: NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with a 10% stake in the company, Public Enterprises Minister Hisham Tawfik told Enterprise. HHD Chairman […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-02T04:26:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"HHD 10% stake + management contract to be awarded at the end of January -Tawfik\",\"datePublished\":\"2019-12-02T04:26:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\"},\"wordCount\":658,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Heliopolis Housing & Development\",\"IPO watch\",\"NI Capital\",\"SPEED ROUND\",\"state privatization program\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\",\"name\":\"HHD 10% stake + management contract to be awarded at the end of January -Tawfik - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-12-02T04:26:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HHD 10% stake + management contract to be awarded at the end of January -Tawfik\"}]},{\"@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 10% stake + management contract to be awarded at the end of January -Tawfik - 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\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/","og_locale":"en_US","og_type":"article","og_title":"HHD 10% stake + management contract to be awarded at the end of January -Tawfik","og_description":"EXCLUSIVE: HHD 10% stake + management contract to be awarded at the end of January -Tawfik: NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with a 10% stake in the company, Public Enterprises Minister Hisham Tawfik told Enterprise. HHD Chairman […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-12-02T04:26:11+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"HHD 10% stake + management contract to be awarded at the end of January -Tawfik","datePublished":"2019-12-02T04:26:11+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/"},"wordCount":658,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM","Heliopolis Housing & Development","IPO watch","NI Capital","SPEED ROUND","state privatization program"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/","name":"HHD 10% stake + management contract to be awarded at the end of January -Tawfik - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1","datePublished":"2019-12-02T04:26:11+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/02\/hhd-10-stake-management-contract-to-be-awarded-at-the-end-of-january-tawfik\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"HHD 10% stake + management contract to be awarded at the end of January -Tawfik"}]},{"@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\/2\/329.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/329.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\/2\/329.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":566997,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/heliopolis-housing-to-extend-management-rights-contract-to-10-years\/","url_meta":{"origin":591278,"position":0},"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":591494,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/palm-hills-joins-the-race-for-hhd-10-stake-management-contract\/","url_meta":{"origin":591278,"position":1},"title":"Palm Hills joins the race for HHD 10% stake + management contract","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Palm Hills Developments has joined the list of companies competing to snag management rights for Heliopolis Housing & Development (HHD) along with a 10% stake in the company, sources told the local press. The real estate developer purchased the prospectus that went on salelast month, according to the sources. SODIC\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"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":591278,"position":2},"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":[]},{"id":593281,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/hhd-approves-draft-contracts-for-10-stake-management-rights\/","url_meta":{"origin":591278,"position":3},"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":567245,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/deadline-for-hhd-10-stake-management-contract-bids-extended-until-february\/","url_meta":{"origin":591278,"position":4},"title":"Deadline for HHD 10% stake + management contract bids extended until February","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Deadline to bid for 10% stake in HHD with management rights extended until February: Heliopolis Housing & Development (HHD) has extended to 21 February the deadline for investors to submit their bids for a contract to take over the company\u2019s management along with a 10% stake in the\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":591941,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/","url_meta":{"origin":591278,"position":5},"title":"Arkan Developers joins HHD stake sale race","author":"enterpriseam admin","date":"22 December 2019","format":false,"excerpt":"Arkan Developers joins HHD stake sale race: Arkan Developers has joined the list of companies competing to acquire management rights for Heliopolis Housing & Development (HHD) along with a 10% stake in the company, sources told the local press. Arkan joins Palm Hills, SODIC, and BPE Partners in the competition,\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591278","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=591278"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591278\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/591279"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591278"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591278"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}