As per El Riad and Sigma statements the situation on Hurghada Village is as following:
1) What is the termin COMPLETION MONEY?
The unswer is THE COMPLETION MONEY is a FINAL PAYMENT which represent up to 30%
2) How much in percentage SIGMA has been paid by the buyers?
Sigma collected up to 70% of the payments from buyers.
3) What Sigma must do with those 70% collected?
Sigma must send those money to EL RIAD with no delay!
4) What Sigma paid in fact to El RIAD?
Sigma has only paid up to 37% to El Riad
5) If Sigma paid only 37% instead of all 70%, than where are the rst of the moneys?
Ask SIGMA
6) What must be done to have El Riad complete on buyers?
Sigma must pay the rest of the 70% to El Riad with no delay
7) What about the final payment of 30% due to El Riad? Shell buyers pay it to Sigma?
After Sigma completes on the rest of 70% due to El Riad, El Riad performs snagging works as a final touch and hands over project to prospective byers. Buyers in return pay by their completion moneys of 30% DIRECTLY TO EL RIAD!