ArabFinance: Al Shams Housing and Urbanization (ELSH) announced that its board of directors has approved to deal with the Egyptian Arab Land Bank (EALB) to sell a financial portfolio.

The board also agreed on settling the conflict related to the 12 land plots of Gardenia El Shams project, according to a statement filed to the Egyptian Exchange (EGX).

Moreover, the board approved to continue paying for the company’s share in the capital of Real Marketing Company, Al Shams Housing added.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings, as well as offering contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.