The property giant’s development sales hit a record Dhs11.6bn in the three months to June 30, with 10 new project launches a year to date
The property firm said its investment in SODIC was one of the largest foreign investments in the Egyptian real estate sector
The developer said its revenue backlog hit a record Dhs18.8bn, which provides visibility over the next two to three years
The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m
The developer may invest between $1bn to $1.5bn in the next 12- to 18 months on acquisitions abroad and at home
The offer values the Egyptian property developer at about $420m