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Company sees increase in capital, offering bonds convertible to shares to complete upcoming development plan
Company is studying new financing methods to bridge financing gap and reduce balance of financing facilities
Public Enterprises Sector Minister to approve HHD development plan in two weeks, says HCCD Chief
The contract relates to 655 feddan in New Heliopolis City, according to which HHD would receive 30% of the project’s revenues. This figure is based on changes in general economic conditions, and the extent of the project’s impact on the real estate sector.
HHD, SODIC in negotiations to reschedule payment of minimum guarantee on New Heliopolis City project
The plan includes clear mechanisms and action plans for the HHD’s development based on self-resourcing. It will also include partnership agreements with some developers to exploit a portfolio including plots of land, similar to the agreement signed with SODIC to develop 650 feddan in New Heliopolis.
New board may take 30 days on final development plan to start in July, says Aboul Atta
New board follows resignation of all previous members earlier in April
Company in process of forming new board as soon as possible, says HCCD chairperson
HHD Chairperson Hany El-Deeb told Daily News Egypt that the IPO plan has been cancelled and replaced by another one for self-financing of the company’s expansions. This would happen by restructuring the untapped assets.
No companies have presented offers
Company to choose winner bid in April, taking 30-45 days to assess offers, says chairperson
Company gets no applications so far, although it answers many inquiries, says El Deeb
The company attributed the increase in its revenues and profits to the sale of a plot of land to Zahraa El Maadi Investment and Development for EGP 481m.
It is noteworthy that the company announced two days ago a prospectus for choosing the strategic investor whose shareholding is scheduled to be 10% of the company, provided that the selection will be in early November
The deadline extended until the practice prospectus is prepared in December
ALCN, AFC listings expected to be deferred to 1Q 2020
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
First cargo shipping from Sokhna Port to Uganda leaves on Tuesday
HHD opens door for real estate developers to compete for managing company’s portfolio of assets
The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …
Heliopolis Company for Housing and Development (HHD) signed a finance lease on Thursday worth EGP 500m with Taamir Mortgage Company (Al Oula) to finance the work on utilities in the New Heliopolis City project. During the signing ceremony on Thursday, Hassan Hussein, the chairperson of Al Oula, said that the financing will be made available …