Brief: Orascom Signs It's Third School Development Agreement In O West

Orascom Development Holding AG

03/06/2020 17:05

June 3 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG  ODHN.S :
    * SIGNS IT'S THIRD SCHOOL DEVELOPMENT AGREEMENT IN O WEST,
CONTINUING TO DELIVER ON ITS LAND MONETIZATION STRATEGY AND
SECURING A TOTAL OF C. CHF 32.2 MILLION OF CASH INFLOWS FROM
THESE AGREEMEN
    * NIS WILL DEVELOP TWO NEW SCHOOLS WHICH ARE EXPECTED TO
OPEN
THEIR DOORS BY SEPTEMBER 2022
    * A YEAR BEFORE DELIVERY OF FIRST REAL ESTATE UNITS IN O
WEST

Source text for Eikon:  ID:nEQ99Njt0a 
Further company coverage:  ODHN.S 

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