Thndr Claps » EGY Claps » Real Estate 🏡 » Stake in Bonyan to be listed? 👀
The ClapCompass Capital is planning to list a stake of Bonyan on the EGX but is waiting for the right time.More on BonyanBonyan is a real estate investment fund in the form of a joint stock company. The company has real estate that delivers fixed rental income, an ongoing flow of income for shareholders.The company owns 90,000 meters, 43,000 to be used for commercial buildings and 47,000 to be used for administrative buildings.The DeetsTarek Abdel Rahman, Managing Partner at Compass Capital, said that the listing on the EGX will depend on the conditions of the market.Abdel Rahman also said that Bonyan holds assets worth EGP 5.5 billion, qualifying it to be listed on the EGX.New ModelAccording to Abdel Rahman, Bonyan is a new model in real estate development. Bonyan owns a large number of administrative and commercial buildings, that are rented and not sold. Other real estate companies typically purchase land, build projects and sell them off. The listing of Bonyan will give investors the opportunity to invest in administrative and commercial buildings, without the need to actually buy these buildings.
© Thndr. All rights reserved
Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved
Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.
This is why we introduced Thndr Thinkers💭
Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!
Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts
Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!
Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours
Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.
Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers
No promotional content🚫 We don’t publish promotional content.
Any questions about becoming a Thndr Thinker? Email firstname.lastname@example.org and we’d be happy to help!
Normally, your article will be published within 24 hours of submission (if you followed the guidelines)