{"id":598955,"date":"2019-06-13T04:00:00","date_gmt":"2019-06-13T04:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/"},"modified":"2019-06-13T04:00:00","modified_gmt":"2019-06-13T04:00:00","slug":"government-approves-handing-heliopolis-housing-management-to-an-investor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","title":{"rendered":"Government approves handing Heliopolis Housing management to an investor"},"content":{"rendered":"

<\/a> M&A WATCH- Gov\u2019t to offer 11% stake in Heliopolis Housing \u2014 with management rights: <\/b>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 filing (pdf)<\/a>. The company will offer 22% of its equity in a share sale, half of which will be sold to the investor. The plan still needs the approval of the company\u2019s general assembly. No further details were given on the transaction or whether any investors had expressed interest.<\/p>\n

Background:<\/b> HHD was dropped<\/a> from the lineup of companies in the first wave of the state privatization program in April. Public Enterprises Minister Hisham Tawfik said in May<\/a> that while the sale of an additional stake on the EGX in 4Q2019 remains a possibility, the option to develop the company in partnership with a strategic investor is also on the table.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 filing (pdf). The company will […]<\/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":[72,157,9133,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598955","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-heliopolis-housing-and-development","tag-investor","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"994d01e4-6a9a-46da-998e-e7974865a786","is_powered_by":true,"section_story_id":"5d6dcb6b-510e-460d-bd26-342205d89224","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598947],"teaser":"","voice_url":""},"yoast_head":"\nGovernment approves handing Heliopolis Housing management to an investor - 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\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government approves handing Heliopolis Housing management to an investor\" \/>\n<meta property=\"og:description\" content=\"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 filing (pdf). The company will […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-13T04:00:00+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\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Government approves handing Heliopolis Housing management to an investor\",\"datePublished\":\"2019-06-13T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Heliopolis Housing and Development\",\"Investor\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\",\"name\":\"Government approves handing Heliopolis Housing management to an investor - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-06-13T04:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government approves handing Heliopolis Housing management to an investor\"}]},{\"@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":"Government approves handing Heliopolis Housing management to an investor - 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\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","og_locale":"en_US","og_type":"article","og_title":"Government approves handing Heliopolis Housing management to an investor","og_description":"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 filing (pdf). The company will […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-06-13T04:00:00+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\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Government approves handing Heliopolis Housing management to an investor","datePublished":"2019-06-13T04:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/"},"wordCount":168,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Heliopolis Housing and Development","Investor","real estate","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/","name":"Government approves handing Heliopolis Housing management to an investor - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-06-13T04:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/government-approves-handing-heliopolis-housing-management-to-an-investor\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Government approves handing Heliopolis Housing management to an investor"}]},{"@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":597495,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/heliopolis-housing-calls-shareholders-meeting-to-vote-on-management-contract\/","url_meta":{"origin":598955,"position":0},"title":"Heliopolis Housing calls shareholders meeting to vote on management contract","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"HHD calls on shareholders to vote on handing company management to a private partner: State-owned real estate developer Heliopolis Housing has called an extraordinary general assembly meeting on 26 August to vote on handing the company\u2019s management to a private sector partner as part of the share sale process, 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\/2020\/2\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572739,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/07\/egypts-heliopolis-housing-to-finalize-its-new-development-plan-this-week\/","url_meta":{"origin":598955,"position":1},"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":566997,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/09\/heliopolis-housing-to-extend-management-rights-contract-to-10-years\/","url_meta":{"origin":598955,"position":2},"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":593281,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/hhd-approves-draft-contracts-for-10-stake-management-rights\/","url_meta":{"origin":598955,"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":592581,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/heliopolis-housing-could-this-month-finalize-gulf-partnership\/","url_meta":{"origin":598955,"position":4},"title":"Heliopolis Housing could this month finalize Gulf partnership","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"We\u2019re still waiting to know the identity of HHD\u2019s co-developer","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/314.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597718,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/tawfik-hhd-to-ipo-in-4q2019-or-seek-help-from-strategic-investors\/","url_meta":{"origin":598955,"position":5},"title":"Tawfik: HHD to IPO in 4Q2019 or seek help from strategic investors","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"IPO WATCH- Stake in Heliopolis Housing could be sold to a strategic investor: The Public Enterprises Ministry is working with the government\u2019s IPO committee to decide the fate of Heliopolis Company for Housing and Development (HHD) after it was dropped from the lineup of companies in the first wave of\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\/598955","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=598955"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598955\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598947"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598955"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598955"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}