Arab Finance: Egyptians for Investment and Urban Development (EIUD) is set to appoint an independent financial advisor instead of Solid Capital Group to conduct fair value (FV) study on the company’s stock, according to a statement issued on October 30th.
This came after Solid Capital apologized for maintaining the FV study.
The company aims to hire a financial advisor to advise on its share before raising capital.
Established in 1998, EIUD operates in real estate investment, construction of buildings and resorts, land subdivision and buying and selling of properties.