Zahraa El Maadi Investment and Development Company SAE (CASE:ZMID) agreed to acquire 20% stake in Nasr Real Estate Development from Heliopolis Co. for Housing & Development (CASE:HELI) for EGP 48 million on January 2, 2019. The board of directors of Zahraa El Maadi Investment and Development Company approved the transaction.

Zahraa El Maadi Investment and Development Company SAE (CASE:ZMID) cancelled the acquisition of Nasr Real Estate Development on January 2, 2020.