• HSBC

HDB gets approval for Damac deal in Egypt

  • Egypt: Monday, July 27 - 2009 at 11:56

Egypt's Housing and Development Bank and two other firms have received Egyptian government approval to buy 60% of the Egypt unit of Dubai's Damac Holding, Reuters has reported. HDB will buy 30% of the subsidiary, the Egyptian Arab Land Bank 20% and a holding company 10%.

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