• Tuesday, 18 February 2020

    Four candidates will bid for HHD 10% stake + management rights on 23 February

    EXCLUSIVE- Four companies expected bid for HHD 10% stake + management rights on 23 February: SODIC, BPE Partners, Palm Hills, and the Saudi Dar Al Arkan will all submit bids for the contract to take over the management of Heliopolis...
  • Monday, 10 February 2020

    No official bids yet for for 10% stake in HHD + management

    PRIVATIZATION WATCH- No official bids yet for for 10% stake in HHD + management: Heliopolis Housing and Development (HHD) is yet to receive any formal offers from investors interested in acquiring a 10% stake with management rights to the company,...
  • Thursday, 9 January 2020

    Heliopolis Housing to extend management rights contract to 10 years

    PRIVATIZATION WATCH- HHD to extend management rights contract to 10 years: State-owned Heliopolis Housing and Development (HHD) has decided to extend the tenor of the management contract it plans to hand to a private investor to 10 years from an...
  • Thursday, 12 December 2019

    HHD plans EGP 4 bn residential project in New Heliopolis

    Heliopolis Housing and Development (HHD) is planning a 75-feddan EGP 4 bn residential project in New Heliopolis, an unnamed source told Mubasher. The project, which will feature residential buildings and a shopping mall, will be built in three phases, the...
  • Wednesday, 27 November 2019

    Heliopolis Housing to sell 22-25% stake in 1Q2020, Tawfik says

    PRIVATIZATION WATCH- HHD to sell 22-25% stake in 1Q2020, Tawfik says: State-owned Heliopolis Housing and Development (HHD) will offer a 22-25% stake in a secondary offering scheduled to go to market in 1Q2020, Public Enterprises Minister Hisham Tawfik said, according...
  • Monday, 25 November 2019

    More details on HHD 10% stake + management revealed

    PRIVATIZATION WATCH- Key conditions for HHD 10% stake + management revealed: Private investors interested in taking over management at Heliopolis Housing and Development (HHD) will receive up to 20% of the state-owned company's annual profits in management fees, according to...
  • Sunday, 24 November 2019

    HHD approves draft contracts for 10% stake + management rights

    PRIVATIZATION WATCH- HHD approves prospectus, draft contracts for 10% stake + management rights: Heliopolis Housing and Development (HHD) has approved in an extraordinary general assembly yesterday draft contracts for handing management rights to a private sector investor, as well as...
  • Monday, 4 November 2019

    Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits

    EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP 265.4 mn last year, it said in a statement on the EGX (pdf). The company’s revenues rose to EGP 1.1...
  • Sunday, 3 November 2019

    Aramco’s IPO is moving forward, as MbS gives it the green light

    IPO WATCH- Aramco’s IPO is moving forward as MbS appears to accept valuation of less than USD 2 tn: Saudi Crown Prince Mohammed bin Salmangave on Friday the go-ahead for Aramco’s long-awaited IPO and an official announcement is expected as...

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