Heliopolis Housing and Development Co. (CASE:HELI) sold two land plots in South East Area behind Sheraton Heliopolis for EGP 22.1 million on January 13, 2013. The two plots were sold through an auction. Under the terms of the auction, Heliopolis Housing received EGP 7.18 million as an advanced payment, and the remaining amount will be settled through equal annual installments for 10-years period.

Heliopolis Housing and Development Co. (CASE:HELI) completed the sale of two land plots in South East Area behind Sheraton Heliopolis on January 13, 2013.