Shareholder exits from Egyptians for Housing and Development

Updated 12/5/2021 3:26:39 PM

ArabFinance: Odin for Financial Investments (ODIN) has exited from Egyptians for Housing and Development Company (EHDR) after selling its 29.97% stake in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

This came after Odin for Financial Investments sold 316.48 million shares in Egyptians for Housing and Development to Odin for Investment and Development

The transaction has been executed at a total value of EGP 124.695 million, equivalent to an average price of EGP 0.394 per share.

Egyptians for Housing operates in the real estate development and investment sector, with the focus on the businesses of buying, purchasing, dividing, and selling lands, and establishing buildings and facilities.

The company’s business also includes setting up urban expansion projects, residential and commercial complexes, and new township projects.