Date of establishment : 

The NCH was established with capital of LE 20 million according to the "Deputy Premier & Minister of Planning , Finance & Economy " decree (335/1980) , published in El Wakaea El Masrya (227) , dated 9/12/1980 and stated in January 1981.

Period of the company :  

25 years (starting the decree publishing date) ,which was renewed for more 25 years starting 9/12/2005, subject to the Chairman of General Authority of Investment & Free Zones ,decree ( 4327/2005) .

Capital : 

LE 20 million, which reached as issued and paid up LE 160 million (was fully paid up)

Authorized capital : LE 300 million  

- Shareholders

*Banks : 

(National – Misr- Suez Canal – National Bank for Development – Nasser social Bank ) , with a capital amounting to about LE 147,7 million ; 92,3% of the company equity .  

*Syndicates, Corporations and Individuals, about LE 12,3 million ; 7,7% of the total equity .

Major Activities ( for 30 years)

1)   Housing

2) Tourism

Le Meridien Heliopolis ( 5 stars hotel )

-Capacity : 318 rooms.

-Total investment about LE 120 million (noting that the hotel became wholly owned and a fixed asset, with no financial liabilities.

-Current market value ,about USD 75 million (LE 500 million), covering triple equity.

-The last three years witnessed major successes in terms of operations, total earnings and capital gains.

-In 2008, there should be major renovation and up grading works for reaching highest rates of profitability to cope with similar hotels in the area.