Real Estate Egyptian Consortium SAE is an Egypt-based public shareholding company engaged in the real estate investment sector. The Company focuses on the real estate development and general building contract, such as construction of hotels and touristic villages, housing complexes, among others. In addition, the Company is also active in real estate financial leasing. The Company establishes 600 residential units for the purpose of selling and reinvesting their proceeds in other residential projects. As of December 31, 2011, the Company’s major shareholders included National Bank of Egypt and Suez Canal Bank.