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Thndr Claps » EGY Claps » Real Estate 🏡 » Saudi Sumou wants EHDR

Saudi Sumou wants EHDR

by Omar El Shorafa
November 27, 2022

The Clap
Sumou, is planning on acquiring a 20%-40% stake in Egyptians Housing Development (EHDR), as per sources close to the company.

Need to Know
Sumou operates in the real estate development and management sector.

So What
This acquisition falls in line with Sumou’s plan to enter the Egyptian real estate market.

Now What
The deal is expected to be finalized in during 2023.

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