Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) board of directors approved the appointment of EFG Hermes’ securitisation unit to launch its first securitisation transaction.
The value of the transaction has not been determined yet, the real estate developer said in a statement to the Egyptian Exchange (EGX) on Sunday.
During the first half of 2019, Madinet Nasr Housing and Development logged a profit of EGP 515.686 million, compared to EGP 611.728 million in the corresponding period of 2018.
