MNHD Extends Deadline to Convert Shares into GDRs

MNHD Extends Deadline to Convert Shares into GDRs

Egyptian urban developer, Madinet Nasr for Housing and Development (MNHD), reveals it has extended the deadline set for shareholders wishing to convert their shares into global depository receipts (GDRs), Invest-Gate reports.

MNHD extended the deadline for shareholders to September 7.

In an earlier extraordinary general meeting, the public shareholding company approved to convert up to 33% of capital into GDR.

The Company’s projects include Nasr Gardens, which is a commercial development project in the northern suburbs of Cairo as well as Nasr City, a residential and commercial project comprising 752 houses and more than 41 shops.


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