ArabFinance: ODIN Investments (ODIN) announced that its ordinary general meeting (OGM) has approved expenses of EGP 206,070 for the establishment of Odin for Investment and Development (ODID), according to a statement filed to the Egyptian Exchange (EGX).

Moreover, the OGM endorsed forming the first board of directors of Odin for Investment and Development for a five-year term that ends 2026.

ODIN, formerly known as Egyptians Abroad for Investment and Development Company, aims to attract funds from Egyptians living abroad and invest them in the ongoing development of Egypt, with a focus on the real estate and financial services sectors.

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