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Real estates
Egypt’s Arab Contractors okays capital increase to EGP 8 billion
Egypt’s state-run construction company Arab Contractors (AC) has okayed its paid-up and issued capital increase up to 8 billion Egyptian pounds ($421.8 million) from 7.5 billion pounds.
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Orascom’s O West lands EGP 1.5 bn in funding from CIB
Orascom Development Egypt (ODE) announced that its subsidiary Orascom for Real Estate (ORE) has signed a facility agreement worth 1.5 billion Egyptian pounds ($79.3 million) with Commercial…
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SODIC achieves Q1 gross contracted sales of EGP 3.74bn
Sixth of October Development & Investment Company (SODIC) has revealed its consolidated financial results for the first quarter (Q1) of 2022.
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Property developer Palm Hills raises stake in Incolease to 18%
Palm Hills Developments has increased its 15.35% stake in the International Company for Leasing (Incolease) to 18.23%.
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Misr Italia, ASASS sign construction agreement for IL BOSCO projects
Misr Italia Properties has signed a contract with ASASS Construction to guarantee that the delivery process of IL BOSCO projects in the New Administrative Capital (NAC) and New Cairo is meeting the…
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Arab Contractors in talks for new projects in Angola
Egypt’s state-run construction firm Arab Contractors (AC) is in talks to implement new projects in Angola.
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Orascom Construction has $6.1bn-worth of projects underway
Orascom Construction achieved an increase in the value of projects under implementation by 12% to reach $6.1bn.
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Misr Italia, Honeywell sign MoU to support digital transformation
Misr Italia Properties has signed a memorandum of understanding (MoU) with Honeywell, leveraging the company’s experience in smart solutions for established and under construction projects.
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Palm Hills to issue EGP 3.25bn Sukuk
The extraordinary general meeting (EGM) of Palm Hills Developments has approved the issuance of a Sharia-compliant Sukuk worth EGP 3.25 billion, in cooperation with Tharwa Securitization Company.
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Palm Hills captures 8% stake in Incolease for EGP 65.35mn
Palm Hills Developments has acquired a 7.97% stake in the International Company for Leasing (Incolease) in exchange for EGP 65.35 million.
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