Sale of shares - Limited Liability Company

A Limited Liability Company is offering for sale a 10% of its shares

It is a Limited Liability Company registered under Law 159 for year 1981established in 2014. 

It is an Egyptian company with three shareholders as per the following:

1. The majority of 80% goes to an Italian shareholder resident in Egypt since 2010. 
2. The minority of 10% is for an Egyptian shareholder (subject of this sale). 
3. The other minority 10% is recently sold by the majority shareholder to an Italian company.

 

 The Company’s main activities are as follows but not limited to:

·         Consultant services for national and international companies and interacting with private entities in middle east and north Africa;

o    It is an assistant business providing administrative services to local and foreign companies and non-based business in Egypt, works as a highly skilled independent contractor offering general office support, and other specialized services, to their clients from their own office.

·         Real estate, Hospitality and Property Management; 

o    Acquisition of properties.

o    Giving on rent as serviced apartments.

o    Managing properties.

·         Other activities included in the company's Commercial Register ;

o    General Trade

o    Marine Activity

o    Facility Management

o    Training and Human Resources

o    Exportation

The real estate assets registered in 2020 BS are 3 apartments in the area of New Cairo for a market value between 8M to 10M EGP. 

In addition to a value of at least 1M EGP estimated for the following:

·         Company’s Know How and past performance in consulting national and international companies in the field of Facility management and others.

·         Company’s Know How and past performance in conducting real estate projects (for serviced flats) up to turn key conditions and offering to the market with a successful RoI of 10%.

·         Company profile, documents and set up.

In 2021 the Company has been working to have more stability and to positively stay balanced in the market as per the following:

• The Company started a new project by the acquisition of a new top roof apartment of a total area 250m2 that is currently under construction to become small office/workspace and small roof apartment finished at high European standard. Both will be displayed to the market by the next half of 2022. 
• The Company thought to increase the services by providing transportation service and airport pick up to its client so a small van has been purchased.
• The Company signed a property management contract of one big apartment in a very distinctive area in New Cairo. 
• It has been decided to increase the company capital to cover more investment and to get a strong position in front of banks in case of bank loans. The capital has been 1,000,000 EGP and will become 3,000,000 EGP. This will be settled and closed by the EGM &OGM that will be held by end of this April 2022. Accordingly the new buyer will be entitled to pay 200,000EGP for the 10% shares for increasing the capital.

All eventual documents and balance sheets are available to review after a signature of NDA (Non-Disclosure Agreement)