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Mid-Session Updates

Coming From News


The Holding Company for Construction and building are in talks with GCC companies and funds to sell assets and lands, according to Bloomberg el Sharq; two sources talked with them and mentioned that Helio Park a project owned by Heliopolis housing is part of the negotiations.


Source: Bloomberg EL Sharq

Link: https://www.asharqbusiness.com/article/45943/القابضة-للتشييد-المصرية-بمفاوضات-مع-جهات-خليجية-لبيع-أصول/


Start with Major News from EGX


RTVC - Remco for Touristic Villages Construction to sell Stella Sharm Hotel for EGP 700 mn through a sister company ( the Scandinavian for investment and touristic development company).



MFPC -MOPCO board of directors appointed a new permanent Chairman and CEO until the election f a new CEO and Chairman.


SAUD - Baraka Bank of Egypt candidates proposals for the Board of directors for a new cycle 2023-2026 to have an elected board by the next general assembly during march 2023

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