Cairo – Mubasher: Al Shams Housing and Urbanization rebutted defining the value of its stake in a marketing company, according to a press release.
"The company has not declared yet any amounts for establishing the marketing firm. It still mulls the feasibility of the whole process", the company said in response to the Egyptian Exchange's inquiries.
Earlier, a news website reported that the company valued its 30% stake in the new marketing firm at EGP 5 million through housing and commercial projects in cooperation with the Holding Company for Construction.
By 11:56am Cairo time, Al Shams' stock quote was 0.47% higher to EGP 2.17 a share.
