Aspire Capital
ASPI
1.37%
0.30
0.00
ASPI
Egyptians for Housing
EHDR
-1.82%
0.43
-0.01
EHDR
Odin Investments
ODIN
0.00%
1.98
0.00
ODIN
Egyptians Abroad Investment & Development Co. will lead a consortium with both Pioneers Holding and Iran Development Bank to establish a real-estate fund, it said in a bourse statement.
News reports said that Egyptians Abroad seeks to co-found an EGP 40 million real-estate fund which will issue certificates worth EGP 2 billion to investors before the end of 2014.
Egyptians Abroad posted EGP 950,900 in net profits for 2014, compared with EGP 536,600 for 2013, a rise by nearly 77.2%.
Source:
Mubasher