The HHD share closed at EGP 11.88 on Tuesday. The government prioritizes its stakes in companies that are easier to sell, including several listed companies. The sources revealed that there is interest from local and Gulf investors in the company due to its large land portfolio. In October last year, HHD signed the final contract for the sale of the Heliopark land, covering an area of 1,695 feddan, to the National Social Insurance Authority. The land value is paid in a single instalment upon contracting, with the condition that the amounts related to reductions, estimated at around EGP 2bn, will be deducted from it.
Source: Daily News Egypt November 11, 2023 21:55 UTC