Sector News

Cairo – Mubasher: Heliopolis Company for Housing and Development announced that its ordinary general meeting (OGM) approved a cash dividend distribution of EGP 44.5 million. The first dividend distribution amounts to EGP 5 million, while the …

Cairo – Mubasher: Six of October Development and Investment (SODIC) and the New Urban Communities Authority (NUCA) signed an escrow agreement with Banque Misr over a 500-feddan project in New Sheikh Zayed City. The new contract is the beginning …

Cairo – Mubasher: Six of October Development and Investment (SODIC) has offered the first phase of the 500-feddan “VYE” project in New Sheikh Zayed City for sale. Sales in the first phase have registered EGP 1 billion in just two days, the company …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced the completion of the first securitisation bond, backed by MNHD’s receivables portfolio of EGP 370 million. The issuance is in line with the real estate developer’s strategy …

Cairo – Mubasher: The board of directors of Palm Hills Development Co approved the offer presented by the Commercial International Bank – Egypt (CIB) for a medium-term facility worth EGP 1.099 billion. The facility will be used to repay a …

By: Abdullah Bedeir Cairo – Mubasher: Porto Group Holding has launched Porto Assiut in Nasser City, located in West Assiut, with total investments of EGP 4.5 billion. Situated over 77 feddans (about 324,000 square metres), the project is expected …

Cairo - Mubasher: The board of Heliopolis Company for Housing and Development discussed the amendment of Article no. 3 in the statute to add new activities to the company. Heliopolis Housing referred that the company’s board of directors …

Cairo – Mubasher: The board of directors of Madinet Nasr Housing and Development (MNHD) approved the development of a land inside Taj City under partnership scheme. The real estate developer has also approved a credit facility worth EGP 150 …

By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development is planning to build an integrated urban project over an area of 75 feddans in New Heliopolis City, an informed source told Mubasher. Total investments of the …

Cairo – Mubasher: Zahraa Maadi Investment and Development announced that it has received approval of Heliopolis Company for Housing and Development to purchase a land plot in New Heliopolis City. The real estate developer will obtain a …

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) announced that its subsidiary, Arab Company for Projects and Urban Development, is finalising the required procedures to issue sukuk worth EGP 2 billion in the coming period.   This …

Cairo – Mubasher: Heliopolis Company for Housing and Development has approved in principle the offer submitted by Zahraa Maadi Investment and Development to purchase a 34-feddan land in New Heliopolis. The details of the offer will be disclosed …

By: Abdullah Bedeir Cairo – Mubasher: A real estate company has submitted a request to Heliopolis Company for Housing and Development to buy a 250-feddan land plot in New Heliopolis, a source told Mubasher. The company aims to obtain the land plot …

By: Abdullah Bedeir Cairo – Mubasher: Porto Group Holding has submitted an offer to buy a 30-feddan plot of land near Sohag University, head of the New Sohag Development Authority, Ragab Salman, told Mubasher. Porto Group is planning to launch an …

Cairo – Mubasher: Palm Hills Development Co announced the launch of the second phase of Palm Hills Alexandria with investments of EGP 5.1 billion. Situated over 135 feddans on the coastal road, the project features residential units, commercial …

Cairo – Mubasher: The board of directors of Zahraa Maadi Investment and Development decided to submit a request to Heliopolis Company for Housing and Development to purchase a 34-feddan land plot in New Heliopolis. The company plans to build a …

Cairo – Mubasher: The ordinary general meeting (OGM) of Zahraa Maadi Investment and Development approved distributing cash dividends from the retained earnings registered in the financial statements for the period ended in December 2018. The OGM …

By: Abdullah Bedeir Cairo – Mubasher: Zahraa Maadi Investment and Development has submitted an offer to purchase a 34-feddan land plot from Heliopolis Company for Housing and Development, the investor relations manager at Zahraa Maadi, Karim Abu …

Cairo – Mubasher: Emaar Misr for Development signed a contract with Arabtec Construction, a subsidiary of Arabtec Holding, to build an urban community ‘Greek Village’ with a total value of EGP 1.608 billion ($99.7 million).  The project includes …

By: Abdullah Bedeir Cairo – Mubasher: Heliopolis Company for Housing and Development is currently in negotiations with several companies that submitted offers to purchase a 34-feddan land and another 16-feddan land in New Heliopolis in El Shorouk …

Cairo –Mubasher: Emaar Misr for Development announced that it will offer Cairo Gate project residential project for sale following the approval of the masterplan. The project is set to generate investments worth EGP 11.5 billion, said a bourse …

Cairo – Mubasher: Emaar Misr for Development has made the EGP 1 billion first payment for plots of Cairo Gate and Sheikh Zayed projects. Situated on 120.9 feddan, Cairo Gate project is expected to receive EGP 11.5 billion investments, the company …

Cairo – Mubasher: Emaar Misr for Development has signed two agreements with the Egyptian New Urban Communities Authority (NUCA) to establish two urban projects at a combined area of 621 feddans with total investments of EGP 49.3 billion in Sheikh …