Madinet Nasr for Housing & Development S.A.E. (CASE:MNHD) agree to acquire EGYGAB Development on December 15, 2021. The total FV of the two companies, MINKA and EGYGAB, has been set by the IFA at around EGP 232 million, representing the maximum value that MNHD would pay to fully acquire both companies. Accordingly, the OGM has authorized MNHDs chairman to negotiate with the shareholders in both companies over the final value of the acquisition transaction. The ordinary general meeting Madinet Nasr Housing and Development approved the acquisition of both MINKA Developments and EGYGAB Developments.