Cairo - Mubasher: Heliopolis Company for Housing and Development approved the decision to assign the finance of the company’s projects to QNB Al Ahli Leasing, according to a bourse filing.

The decision came after studying other offers from technical, financial and legal aspects, according to the company’s statement to the Egyptian Exchange (EGX).

Heliopolis Company said it signed contracts to build two electricity stations with a total cost of EGP 228 million, as well as supplying drinking water to New Heliopolis with a EGP 170 million line, both projects to be completed within 24 months.