Orascom Development to Sell its Stake in Medinet Nasr Housing

Orascom Development Holding – ODH (ODHN.CA) announced that BOD approved to sell its indirect investments in Medinet Nasr Housing (MNHD.CA) amounting to 8.131.843 shares (7.07 %) through its affiliate Muryia Holding Group lTD.

Moreover, The board approved the recommendation on starting the gradual sale of the shares at market price unless the stock price goes down below EGP 20.