Heliopolis prepares plan to develop land bank, mulls financing options
Heliopolis Housing and Development (Heliopolis) announced that it has prepared a plan to develop its land bank into residential and commercial projects, some of which will be undertaken through partnerships with other companies. The company said it is mulling several financing options, including selling land plots and raising capital.
Heliopolis Housing: EGP18.69 as of 30 Jan. 2019, Rating: Buy, TP: EGP40.00/share, MCap: USD472mn, HELI EY/HELI.CA
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