{"id":591941,"date":"2019-12-22T04:24:34","date_gmt":"2019-12-22T04:24:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/"},"modified":"2019-12-22T04:24:34","modified_gmt":"2019-12-22T04:24:34","slug":"arkan-developers-joins-hhd-stake-sale-race","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/","title":{"rendered":"Arkan Developers joins HHD stake sale race"},"content":{"rendered":"

Arkan Developers joins HHD stake sale race: <\/strong>Arkan Developers<\/a> 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<\/a>. Arkan joins Palm Hills, SODIC, and BPE Partners<\/a> in the competition, with the door still open until 14 January for interested companies to make their bids. State-owned investment bank NI Capital will announce the winning bid by the end of January, Public Enterprises Minister Hisham Tawfik told us earlier.<\/a><\/p>\n

Bids to advise on secondary offering:<\/strong> EFG Hermes, CI Capital, and Arqaam Capital are competing for a lead manager role for the 15% stake sale on the EGX. The winning firm will be announced within the coming two weeks. Zaki Hashem & Partners, Shalakany Law Office, and Baker & McKenzie are competing for the legal advisor role.<\/p>\n","protected":false},"excerpt":{"rendered":"

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, with the door still open […]<\/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":[8572],"tags":[10277,10980,2515,72,157,10981,2149,312,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591941","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-arkan","tag-baker","tag-bpe-partners","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-mckenzie","tag-shalakany-law-office","tag-sodic","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"55a8e7cd-06ec-473a-84c3-b8e7d1768350","is_powered_by":true,"section_story_id":"cdb7c5b2-1d55-49db-aeba-590fe3d24408","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591920],"teaser":"","voice_url":""},"yoast_head":"\nArkan Developers joins HHD stake sale race - 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\/22\/arkan-developers-joins-hhd-stake-sale-race\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arkan Developers joins HHD stake sale race\" \/>\n<meta property=\"og:description\" content=\"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, with the door still open […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-22T04:24:34+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Arkan Developers joins HHD stake sale race\",\"datePublished\":\"2019-12-22T04:24:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\"},\"wordCount\":146,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arkan\",\"Baker\",\"BPE Partners\",\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"McKenzie\",\"Shalakany Law Office\",\"SODIC\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\",\"name\":\"Arkan Developers joins HHD stake sale race - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-12-22T04:24:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arkan Developers joins HHD stake sale race\"}]},{\"@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":"Arkan Developers joins HHD stake sale race - 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\/22\/arkan-developers-joins-hhd-stake-sale-race\/","og_locale":"en_US","og_type":"article","og_title":"Arkan Developers joins HHD stake sale race","og_description":"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, with the door still open […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-12-22T04:24:34+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Arkan Developers joins HHD stake sale race","datePublished":"2019-12-22T04:24:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/"},"wordCount":146,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Arkan","Baker","BPE Partners","EnterpriseAM","Heliopolis Housing and Development","McKenzie","Shalakany Law Office","SODIC","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/","name":"Arkan Developers joins HHD stake sale race - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-12-22T04:24:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/arkan-developers-joins-hhd-stake-sale-race\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Arkan Developers joins HHD stake sale race"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":569237,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/four-candidates-will-bid-for-hhd-10-stake-management-rights-on-23-february\/","url_meta":{"origin":591941,"position":0},"title":"Four candidates will bid for HHD 10% stake + management rights on 23 February","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"EXCLUSIVE- Four companies expected bid for HHD 10% stake + management rights on 23 February: SODIC, BPE Partners, Palm Hills, and the Saudi Dar Al Arkan will all submit bids for the contract to take over the management of Heliopolis Housing and Development (HHD) and acquire a 10% stake in\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\/236.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592106,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/26\/hhd-secondary-offering-to-be-completed-before-may-2020\/","url_meta":{"origin":591941,"position":1},"title":"HHD secondary offering to be completed before May 2020","author":"enterpriseam admin","date":"26 December 2019","format":false,"excerpt":"PRIVATIZATION WATCH- HHD secondary offering to be completed before May 2020: Heliopolis Housing & Development (HHD) will take its secondary stake sale to market before May 2020, at which time it will have handed over the 10% stake + management rights of the company to a strategic investor, the local\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":569414,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/beltone-emirates-nbd-tapped-to-manage-hhd-secondary-offering\/","url_meta":{"origin":591941,"position":2},"title":"Beltone, Emirates NBD tapped to manage HHD secondary offering","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"Beltone, Emirates NBD tapped to manage HHD secondary offering: Beltone Financial and Emirates NBD have reportedly been selected to manage the sale of a 25% stake in Heliopolis Housing & Development (HHD), Al Mal reports, citing unnamed sources close to the banks. The secondary offering will include allocating a 10%\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\/296.jpg?fit=%2C&ssl=1&resize=350%2C200","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":591941,"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":591494,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/palm-hills-joins-the-race-for-hhd-10-stake-management-contract\/","url_meta":{"origin":591941,"position":4},"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":570602,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/hhds-board-resigns-after-stake-sale-finds-no-buyers\/","url_meta":{"origin":591941,"position":5},"title":"HHD\u2019s board resigns after stake sale finds no buyers","author":"enterpriseam admin","date":"7 April 2020","format":false,"excerpt":"HHD\u2019s board resigns after stake sale finds no buyers: State-owned Heliopolis for Housing and Development\u2019s (HHD) chairman and board of directors have submitted their resignations to parent company Holding Company for Construction and Development (HCCD) after failing to secure offers for its tender for a 10% stake + management rights\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\/4\/63.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\/591941","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=591941"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591941\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591920"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591941"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591941"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}