NCHD

  • 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).

  • ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn
    Developers

    ODE Sells 35.25% Stake in Subsidiary for Almost EGP 129 mn

    Tuesday, 15 December 2020

    Orascom Development Egypt (ODE) has signed off on selling a 35.25% stake in its subsidiary New City Housing and Development Company (NCHD), at a total cost of EGP 128.6 mn, in line with its strategic plans to reinforce core business areas.