Zahraa Maadi (ZMID) signed a contract with Heliopolis Housing (HELI) to purchase a plot of land in the ninth district of New Heliopolis.
More Details🧐 The land has an area of 31.2 thousand square meters, at a price of EGP 3,470/square meter.
A 10% down payment of the total value was paid, with the rest of the amount to be paid in quarterly installments over 5 years starting from March 2022 to 2026.
Why is this Important🤔 It’s worth noting that as of yesterday & for a period of one month, daily price movements on ZMID are capped at ±5%, with no temporary suspension limit during the session. ZMID closed 5% in the green in yesterday’s trading session.