Real Estate

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) logged a consolidated net profit of EGP 4.13 billion during the first quarter (Q1) of 2024, a surge from EGP 700.13 million in the same quarter a year earlier. Consolidated …

Cairo – Mubasher: Arab Developers Holding turned to a consolidated net loss of EGP 36.66 million in the first quarter (Q1) of 2024, compared to a net profit of EGP 15.18 million in the same period a year earlier. Consolidated revenues declined to …

Cairo – Mubasher: Palm Hills Developments Company recorded consolidated net profits after tax and non-controlling interest worth EGP 1 billion in the first quarter (Q1) of 2024, an annual jump of 298% from EGP 252.67 million. The revenues hiked by …

Dubai – Mubasher: Dubai Industrial City, part of Tecom Group, has officially launched 13.90 million sq.ft of additional land capacity within its ecosystem, according to a press release. The additional land capacity was acquired through a AED 410 …

Cairo – Mubasher: Il Cazar Developments has launched the Safia project in the Ras El-Hekma area of Egypt’s North Coast, with investments totalling EGP 30 billion. Safia, a residential and hotel development, will span 180 acres, according to a …

Mubasher: Plaza Premium Group (PPG) has invested $100 million to expand its presence in the Middle East with a major focus on Saudi Arabia. This investment aims to anchor the group’s role as a connector between the Middle East and popular global …

Cairo – Mubasher: Madinet Masr Housing and Development logged a consolidated net profit after tax and non-controlling interest of EGP 1.17 billion in the first quarter (Q1) of 2024, a 287.53% year-on-year (YoY) surge from EGP 304.36 million. …

Cairo – Mubasher: The consolidated net losses after tax of Remco for Tourism Villages Construction hiked to EGP 1.83 billion in 2023 from EGP 283.53 million at the end of December 2022 Revenues amounted to EGP 744.26 million last year, higher than …

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) achieved contractual real estate sales and reservations exceeding EGP 100 billion year-to-date (YTD) until 20 May 2024. Covering 9,303 units, the sales value is higher than …

Cairo – Mubasher: Madinet Masr Housing and Development plans to invest EGP 70 billion in non-residential projects within the Taj City and Sarai projects, The development schemes span 1.5 million square metres and will be implemented within 10 …

Cairo – Mubasher: Orascom Construction recorded an annual leap in consolidated net profit to $49.80 million during the first quarter (Q1) of 2024, compared to $40.10 million. Revenues dropped by 4.80% year-on-year (YoY) to $766.30 million in Q1-24 …

Cairo – Mubasher: Mercon Developments has launched a 16-acre real estate project in New Cairo with EGP 10 billion in investments. Located in the Lotus area at Golden Square, the Nurai project's plan includes 350 units, with a built-up area (BUA) …

Cairo – Mubasher: Orascom Development Egypt (ODE) turned to a consolidated net loss of EGP 984.50 million in the first quarter (Q1) of 2024, versus a net profit of EGP 384 million in the corresponding quarter in 2023. Revenues leapt to EGP 4.17 …

Cairo – Mubasher: Emaar Misr for Development registered a consolidated net profit after tax of EGP 5.73 billion in the first quarter (Q1) of 2024, a surge from EGP 2.22 billion in the similar period a year earlier. Revenues, meanwhile, declined to …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed a sale and leaseback agreement and factoring facility amounting to EGP400 million with IL Cazar for Urban Development. The joint deal includes a sale and …

Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding Company (TMG Holding), has laid the foundations for the Banan City project in Riyadh with SAR 40 billion (approximately $12 …

Cairo – Mubasher: Madinet Masr Housing and Development has launched the Sheya project in Sarai, its mega mixed-use development. Located on a 228,212 square metre area near the New Administrative Capital, Sheya includes 744 mixed-use residential …

Cairo – Mubasher: Remco for Tourism Villages Construction incurred non-consolidated net losses valued at EGP 1.55 billion in 2023, an annual hike from EGP 210.60 million. The loss per share enlarged to EGP 6.31 last year from EGP 0.85 in 2022, …

Cairo – Mubasher: Egyptian Resorts Company shifted to consolidated net losses after tax valued at EGP 112.57 million in 2023, against net profits amounting to EGP 67.50 million in 2022. Earnings per share (EPS) plunged to EGP 0,078 in 2023 from …

Cairo – Mubasher: Six of October Development and Investment (SODIC) posted a consolidated net profit after tax of EGP 392.05 million in the first quarter (Q1) of 2024, up from EGP 191.02 million in the same quarter of the previous year. Total …

Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In …

Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved for Zahraa Maadi Investment and Development to raise its authorisied capital by EGP 4 billion from EGP 1 billion. The listed company aims to increase the authorised capital to EGP …

Cairo – Mubasher: Palm Hills Developments Company has confirmed a media report that it is in talks with a syndicate of three banks for a loan totalling EGP 1.72 billion. The company said that it is in the final stages of these talks, according to …