June 3, 2020 / 4:07 PM / a month ago

BRIEF-Orascom Signs It's Third School Development Agreement In O West

June 3 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG:

* 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: Further company coverage: (Gdansk Newsroom)

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