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Amlak might sell Egypt stake
- Egypt: Thursday, January 03 - 2008 at 08:07
UAE-based Amlak Finance is currently having talks with the International Finance Corporation(IFC)on selling a stake in its Egypt unit Amlak Finance and Real Estate Investment, Gulf Daily News reported. Amlak Finance and IFC signed a memorandum of understanding in September 2007 to co-ordinate efforts between both firms in order to assist in the development of the housing finance market in the region.
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Amena Bakr, Senior ReporterThursday, January 03 - 2008 at 08:07 UAE local time (GMT+4)
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