Release from Heliopolis Housing (HELI.CA) Concerning the Contract with MG Urban Planning Company
Company Name : Heliopolis Housing
ISIN Code : EGS65591C017
Reuters Code : HELI.CA
Content :
With reference to the second decision of the summary of the decisions of the Board of Directors held on 31/07/2023, a release was received from the company stating that the final contract was signed with MG Urban Planning Company, submitting the offer on a revenue sharing system in developing an area of 77.19 acres in the city of New Heliopolis, where the percentage of revenues will be the expected for Heliopolis Company is 32.1% amounted to be EGP 3,394,281,968, with minimum guarantee, during a period of 14 years.
Release from the Company in Arabic (285 KB)
Release from the Company in English (356 KB)
ISIN Code : EGS65591C017
Reuters Code : HELI.CA
Content :
With reference to the second decision of the summary of the decisions of the Board of Directors held on 31/07/2023, a release was received from the company stating that the final contract was signed with MG Urban Planning Company, submitting the offer on a revenue sharing system in developing an area of 77.19 acres in the city of New Heliopolis, where the percentage of revenues will be the expected for Heliopolis Company is 32.1% amounted to be EGP 3,394,281,968, with minimum guarantee, during a period of 14 years.
Release from the Company in Arabic (285 KB)
Release from the Company in English (356 KB)
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