Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) decided to resume trading on the shares of Egyptians for Housing and Development Co. starting from 2:20 p.m. Cairo time.

The company has appointed Eagle Advisors to assess the stock’s fair value (FV), according to a statement to the Egyptian Exchange (EGX) on Sunday.

Earlier, the FRA ordered the suspension of trading on the company’s shares until the company assigns a financial advisor to conduct a FV assessment study.

During the first nine months of 2020, the company achieved net profits of EGP 11.32 million, down from EGP 28.74 million in the corresponding period a year earlier, including minority shareholders’ rights.