Cairo – Mubasher: Egyptians for Housing and Development Co will appoint a financial advisor to assess the stock’s fair value (FV) to acquire a stake in Edge Development and Project Management.

The company seeks to acquire 39.99 million shares, representing 99.9% of Edge's capital, according to a bourse filing on Sunday.

It is noteworthy to mention that in the first half (H1) of 2021, the company achieved consolidated net profits worth EGP 14.38 million, higher by 105% than EGP 7 million in H1-20.