MNHD Nods EGP 30 mn Offer for 98.4% Stake in NUI

State-run Madinet Nasr for Housing and Development (MNHD) has approved an EGP 30 mn offer to sell its 98.4%-owned subsidiary, called Nasr Utilities and Installations (NUI), to an unnamed strategic investor.

EMPC to Take Over NBE Stake in Arabian Hotel

The Egyptian Media Production City’s (EMPC) board has ratified the acquisition of the National Bank of Egypt's (NBE) stake in Arabian Hotel Media Production City Co. at EGP 115 per share

Zahraa Maadi Eyes Integrated Compound in New Heliopolis

Egypt-based Zahraa Maadi Investment and Development plans to build a 34-acre integrated residential and commercial development in New Heliopolis, east Cairo.

Madinet Nasr Housing Records Bonus Shares on June 28

Egypt’s Madinet Nasr Housing and Development says that the record date for its bonus shares is June 28, Invest-Gate reports.

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