EGX okays listing shares of Egyptians for Housing's capital increase
Updated 6/16/2021 2:00:00 PM
ArabFinance: The Egyptian Exchange's (EGX) concerned committee listed 96 million shares of Egyptians for Housing and Development Company at a par value of EGP 0.25 per each, according to a June 16th disclosure.
The company increased the capital by EGP 24 million to EGP 264 million by distributing 0.1 free share for every one held. The increase will be financed from 2020 profit.
ODIN Investments’ ordinary general assembly approved sales of its stake in Egyptians for Housing based on the market price.
Egyptians for Housing is engaged in the real estate development and investment sector. The company focuses on buying, purchasing, dividing, and selling lands, and establishing buildings and facilities. This is in addition to setting up urban expansion projects, residential and commercial complexes, and new township projects.
