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Monday, 1 June 2020

HHD general assembly approves new board

MOVES- HHD general assembly approves new board: State-owned Heliopolis Housing and Development shareholders approved the appointment of the new board of directors, according to a regulatory disclosure (pdf). The new appointments include Tamer Mohamed Nasser as the company’s new managing director and CEO, and former Giza governor Khaled El Adly as non-executive chairman. The old board resigned in April having failed to attract offers for its tender for a 10% stake + management rights in February, prompting it to abandon its share sale plans.

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