Egyptians Abroad Investment & Development Co. (CASE:ABRD) agreed to acquire 5.3% stake in Egyptians for Housing & Development Co. (CASE:EHDR) from Hashim El Sayed Hashim and others for EGP 23.4 million on July 11, 2019. As per terms, Egyptians Abroad Investment & Development is acquiring 1.1 million shares from Hashim El Sayed Hashim and 4.9 million shares from an unknown seller. The transaction involves acquisition of total of 6.01 million shares at a price of EGP 3.89 per share. The acquisition is approved by Egyptians Abroad Co. for Investment and Development's ordinary general assembly on July 11, 2019.

As of July 25, 2019, Egyptians Abroad Investment & Development acquired 4.9 million shares and thus, increased its ownership to 31.67% stake in Egyptians for Housing & Development Co.

Egyptians Abroad Investment & Development Co. (CASE:ABRD) cancelled the acquisition of 5.3% stake in Egyptians for Housing & Development Co. (CASE:EHDR) from Hashim El Sayed Hashim and others on July 11, 2020.