ArabFinance: ODIN Investments (ODIN) announced that Eagle Advisors, an independent financial advisor, set the fair value of its stock at EGP 0.94 per each, according to the ODIN’s statement released on April 15th.
Early April, ODIN Investments’ ordinary general assembly approved sales of its stake in Egyptians for Housing and Development Company based on the market price.
ODIN Investment reported a 15% Year on Year increase in its consolidated net loss in 2020, suffering EGP 2.48 million.
ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.