EMAAR MISR FOR DEVELOPMENT COMPANY (S.A.E.) Emaar Misr for Development Company (S.A.E.) (CASE:EMFD) signed a non-binding preliminary offer to acquire 25% stake in Skytower For Real Estate Development on May 13, 2024. The consideration will be paid in cash. Upon completion, Emaar Misr will have an option to acquire the remaining 75% stake in Skytower.
Concurrently, Emaar Misr signed a non-binding preliminary offer to acquire the remaining 75% stake in Albro North Coast for Developments S.A.E. The board of directors of Emaar Misr has approved the transactions.
