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Egyptians for Housing executes EGP 79M block trading

Egyptians for Housing executes EGP 79M block trading

ArabFinance: Egyptians for Housing and Development Co (EHDR) announced a block trading on 20,622,828 of the company’s issued shares on March 18th, according to an EGX statement.

This mega transaction is valued at a total of EGP 79,604,116.

In February, the company’s board of directors approved to increase the capital by EGP 22,700,000.

During 2019, Egyptians for Housing achieved EGP 29,302,433 worth of net profits.

Egyptians for Housing Development and Reconstruction Co SAE is an Egypt-based public shareholding company engaged in the real estate development and investment sector. The Company focuses on buying, purchasing, dividing and selling lands; the construction of building; the establishment of facilities, in addition to setting-up urban expansion projects, residential and commercial complexes construction, and new township projects, and the provision of other services related to commercial markets, administrative locations and garages, as well as leasing operations for its projects and for others. The Company’s projects include Emerald Park in New Cairo, Emerald Center in New Cairo and Emerald Residence in Maadi, among others.

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