ORHD’s BoD okays selling stakes in Royal & Roaya
Orascom Development Egypt’s [ORHD] BoD approved the study set by the Independent Financial Adviser (IFA) regarding the fair value of: i) the stocks owned by the company in Royal for Investment, representing 62% of its capital, with a total value of EGP234mn; ii) Makkadi Hotel, which is owned by ORHD's subsidiary, Roaya for Touristic Development, with a total value of EGP96mn.
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