Egyptian Investors Alliance

  • Ghabbour, Other Investors Acquire NCHD for USD 50 mn
    Developers

    Ghabbour, Other Investors Acquire NCHD for USD 50 mn

    Monday, 21 December 2020

    Some Egyptian businessmen have recently acquired the New City Housing and Development Company (NCHD), a subsidiary of Orascom Development Egypt (ODE), through an English investment fund and one of GB Capital companies owned by Raouf Ghabbour, in a move valued at USD 50 mn (EGP 787.1 mn).