Latest in Tag: HHD Highlight
Latest in Tag: HHD
HHD close to acquiring bank loans to finance development plan
Company sees increase in capital, offering bonds convertible to shares to complete upcoming development plan
HHD eyes EGP 1.2bn in land sales during FY 2020/21
Company is studying new financing methods to bridge financing gap and reduce balance of financing facilities
HHD to complete amendments of development plan next week
Public Enterprises Sector Minister to approve HHD development plan in two weeks, says HCCD Chief
SODIC to reschedule HHD’s dues in New Heliopolis City participation contract
The contract relates to 655 feddan in New Heliopolis City, according to which HHD would receive 30% of the project’s revenues. This figure is based on changes in general economic conditions, and the extent of the project’s impact on the real estate sector.
HHD presents new land development plan to government
HHD, SODIC in negotiations to reschedule payment of minimum guarantee on New Heliopolis City project
Public Enterprise Minister to receive HHD development plan next week: HCCD
The plan includes clear mechanisms and action plans for the HHD’s development based on self-resourcing. It will also include partnership agreements with some developers to exploit a portfolio including plots of land, similar to the agreement signed with SODIC to develop 650 feddan in New Heliopolis.
HHD to announce new board on Wednesday
New board may take 30 days on final development plan to start in July, says Aboul Atta
HHD board of directors to be announced before end of May
New board follows resignation of all previous members earlier in April
HHD board resigns, paving the way for self-development plan
Company in process of forming new board as soon as possible, says HCCD chairperson
HHD cancels IPO plan, sets self-financing strategy
HHD Chairperson Hany El-Deeb told Daily News Egypt that the IPO plan has been cancelled and replaced by another one for self-financing of the company’s expansions. This would happen by restructuring the untapped assets.
HHD prepares alternative plan for management rights
No companies have presented offers
HHD receives 4 offers for its management
Company to choose winner bid in April, taking 30-45 days to assess offers, says chairperson
HHD sets deadline of 23 February to receive pre-qualification applications for its management
Company gets no applications so far, although it answers many inquiries, says El Deeb
HHD achieves net profits of EGP 351m in 2H 2019
The company attributed the increase in its revenues and profits to the sale of a plot of land to Zahraa El Maadi Investment and Development for EGP 481m.
Palm Hills joins the race to compete for HHD
It is noteworthy that the company announced two days ago a prospectus for choosing the strategic investor whose shareholding is scheduled to be 10% of the company, provided that the selection will be in early November
HHD extends deadline for receiving pre-qualification applications for its management
The deadline extended until the practice prospectus is prepared in December
HHD’s offering on EGX postponed to 2020 until settling management contract
ALCN, AFC listings expected to be deferred to 1Q 2020
Emaar, BPE Partners, and SODIC shows interest in managing HHD
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
HHD to offer 15% stake on EGX, 10% for strategic investor year-end: Tawfik
First cargo shipping from Sokhna Port to Uganda leaves on Tuesday
NI Capital to launch tender for HHD’s 15% stake offering bookrunner in September: sources
HHD opens door for real estate developers to compete for managing company’s portfolio of assets
HHD offers 44 plots of land at Airport Sheraton by public auction in May
The Heliopolis Company for Housing and Development (HHD), one of subsidiaries of the Holding Company for Construction and Development affiliated to the ministry of public enterprise sector, intends to sell 44 plots of land on the main streets of the Sheraton area, in east Cairo. The HHD’s Managing Director, Sahar Al Damati, said in press …
HHD, Al Oula sign EGP 500m finance lease to develop New Heliopolis City utilities
Heliopolis Company for Housing and Development (HHD) signed a finance lease on Thursday worth EGP 500m with Taamir Mortgage Company (Al Oula) to finance the work on utilities in the New Heliopolis City project. During the signing ceremony on Thursday, Hassan Hussein, the chairperson of Al Oula, said that the financing will be made available …