Heliopolis Housing - Flash Note
​We decided to currently focus the spot light on the giant turn around “Heliopolis housing†as it looks like gearing up for a makeover, which looks imminent after awarding master plans and setting launches deadlines. We decided to currently present Heliopolis Housing upside potential in a speed round as we found it at least exceeding the 100% return, purely based on Net Asset Valuation which was fully discounted at the cost of equity plus c. 4% estimated from our risk matrix for time line implementation, visibility and commitment risks. We also added the anticipated valuation contribution from the currently under-development 655-acres by SODIC, on a DCF basis. We will be initiating our coverage for Heliopolis Housing soon, as we are trying to sit with the management for reassurance concerning the development plan for the massive land bank.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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