ArabFinance: Holding Co. for Construction & Development (HCCD) will adhere the prospective board of directors of Heliopolis Housing (HELI) to set a strategic plan during the upcoming period after the submission of the current board's resignation on April 6th.
The change of the board is the first step in Helioplos Housing's development plan, CEO of HCCD Hisham Aboul Atta told Almalnews.
Aboul Atta pointed out that the new board formation should be ended on Tuesday, April 7th.
HELI sold 7-acre land plots in the ninth district, New Heliopolis worth EGP 109 million, as well as 2 land plots in Sheraton worth EGP 13 million.
The land was sold in a public auction held on March 05.
It is noteworthy that the company sold 15 land plots with EGP 171 million in the auction held on March 04.
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