Arab Finance: Gharbia Islamic Housing Development's - (GIHD) Board of Directors was convened on November 7.
The company's BoD approved the issuance of the financial position for the third quarter of 2016.
Moreover, the BoD ratified the feasibility study set to establish a commercial administrative project in Tanta, in a partnership with The Egyptian Railway Projects and Transport Co (ERJET).
The Board also approved to conduct procedures of authorized capital hike from LE50 million to LE500 million, as well as issued capital hike from LE22.500 million to LE50 million, funded in cash, and amending the company's purpose by adding some activities.
The company's Board decided to call the extraordinary general assembly to be convened in order to review changing the company's name to The Egyptian Group for Development and Projects Management "Edge".