Al Shams Housing’s chairman passes away  

Updated 1/10/2021 4:51:00 PM

ArabFinance: Al Shams Housing and Urbanization announced that its chairman and managing director Mahmoud Maghoury Mohamed passed away on January 9th, according to a disclosure.

The company did not disclose further details about who will assume the position, temporarily or permanently.

Al Shams Housing’s shareholders recently approved increasing the authorized capital to EGP 500 million.