Cairo – Mubasher: Heliopolis Housing signed a debt transfer agreement with Qatar National Bank (QNB) for an amount of EGP 394.5 million.
The debt agreement includes a discount rate of 16.8%, noting that the debt value has reached EGP 297.3 million by 26 December 2016.
Earlier, Beltone Financial said it set the fair value of Heliopolis Housing at EGP 124.69 per share before stock split and at EGP 31.17 per share after stock split.
