Madinet Masr For Housing and Development (MASR)

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News

29 September 03:32 PM Madinet Masr fuels expansion plans via $5m investments

Cairo – Mubasher: Madinet Masr Housing and Development announced plans to establish real estate development projects outside Egypt, according to a bourse disclosure. The group’s board approved injecting investments of nearly $5 million to boost …

Real estate

19 August 03:37 PM Madinet Masr to launch EGP 300m real estate investment fund in Saudi Arabia

Cairo – Mubasher: Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the …

Real estate

13 August 08:03 AM Madinet Masr logs EGP 1.2bn consolidated profits in H1-25; revenues up 7%

Cairo – Mubasher: The consolidated net profits after tax and non-controlling interest of Madinet Masr Housing and Development reached EGP 1.28 billion in the first half (H1) of 2025. The reported earnings were lower by 11.88% year-on-year (YoY) …

Financial Results

10 August 10:32 AM Madinet Masr launches EGP 90bn mixed-use development project

Cairo – Mubasher: Madinet Masr Housing and Development recently launched its mixed-use development project Talala in New Heliopolis City, with a total investment of EGP 90 billion. The launch comes as part of the group’s expansion strategy to meet …

Companies Investments

29 June 06:38 AM Madinet Masr’s investment platform SAFE attracts EGP 300m since launch

Cairo – Mubasher: Secure Assets for Fixed Earnings(SAFE), the real estate investment platform of Madinet Masr Housing and Development, has handled transactions totaling EGP 300 million in inventory value. SAFE facilitated the sale of more than …

Real estate

15 June 04:21 PM Madinet Masr, Waheej mull developing JV in Saudi Arabia

Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …

Real estate

1 June 05:10 PM Madinet Masr sets up subsidiary in Dubai

Cairo – Mubasher: Madinet Masr Housing and Development has begun developing a wholly owned subsidiary in Dubai under the name ‘Cities of the World’, according to a press release. In line with Madinet Masr's strategic expansion plan, the new entity …

Real estate

26 May 08:53 AM Madinet Masr’s consolidated profits fall in Q1-25; gross contracted sales hit EGP 11.5bn

Cairo – Mubasher: Madinet Masr Housing and Development posted 32.64% lower consolidated net profits after tax and non-controlling interest at EGP 793.85 million in the first quarter (Q1) of 2025. The recorded profits were compared to EGP 1.17 …

Financial Results

11 March 11:11 AM Madinet Masr reports higher consolidated profits at EGP 2.9bn in 2024

Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion. The real estate developer generated sales worth EGP 8.46 billion in …

Financial Results

27 January 01:34 PM Madinet Masr, Korra Energy to expedite constructions at Taj City

Cairo – Mubasher: Madinet Masr Housing and Development signed a memorandum of understanding (MoU) with Korra for Energy and Investment Projects to accelerate construction at Taj City, with investments exceeding EGP 480 million. Korra Energi will …

Real estate

2 December 2024 11:37 AM Madinet Masr, Qalaa Holdings’ ASEC sign EGP 580m agreement

Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings, according to a press release. The two companies will join forces to construct the second phase …

Companies Investments

12 November 2024 02:38 PM Madinet Masr’s consolidated profits leap 88% in 9M-24

Cairo – Mubasher: Madinet Masr Housing and Development posted 87.77% higher consolidated net profits after tax and controlling interest at EGP 2.51 billion in the first nine months (9M) of 2024. The recorded net profits were compared with EGP 1.34 …

Real estate

29 October 2024 10:31 AM Madinet Masr’s sales hit EGP 36.7bn in 9M-24

Cairo – Mubasher: Madinet Masr Housing and Development registered a strong financial performance during the first nine months (9M) of 2024, according to a press release. The company generated a leap in sales, achieving a total nominal value of EGP …

Financial Results

15 October 2024 01:16 PM Madinet Masr, Redcon Spain collaborate for Sarai project with investment exceeding EGP 600m

Cairo – Mubasher: Madinet Masr Housing and Development has signed a strategic partnership with Redcon Spain Construction to accelerate construction work in the Sarai mixed-use project in New Cairo. Under this partnership, Redcon Spain will handle …

Real estate

23 September 2024 03:26 PM Madinet Masr announces EGP 103bn development projects

Cairo – Mubasher: Madinet Masr Housing and Development unveiled a number of real estate projects during the past nine months with a combined value of EGP 103 billion, according to a bourse disclosure. These projects include the Butterfly project …

Companies Investments

9 September 2024 03:25 PM Madinet Masr eyes EGP 64bn sales from Butterfly project

Cairo – Mubasher: Madinet Masr Housing and Development has launched its latest project Butterfly, through its subsidiary Minka, according to a press release. The development scheme, which is expected to generate sales reaching EGP 64 billion, …

Companies Investments

27 August 2024 10:30 AM Madinet Masr, SCAD team up for EGP 650m development project

Cairo – Mubasher: Madinet Masr Housing and Development signed a memorandum of understanding (MoU) with Smart Construction and Development (SCAD) for the Sarai multi-purpose project in New Cairo with a contractual value of EGP 650 million. This …

Companies Investments

13 August 2024 11:35 AM Madinet Masr’s contracted sales hit EGP 20.9bn in H1-24; profits jump 149.5%

Cairo – Mubasher: The consolidated net profits of Madinet Masr Housing and Development hiked by 149.40% to EGP 1.45 billion in the first half (H1) of 2024, compared to EGP 584.70 million in H1-23. Revenues amounted to EGP 4.30 billion in H1-24, …

Financial Results

31 July 2024 01:05 PM Zahraa Maadi gives preliminary approval for 42-acre project with Madinet Masr

Cairo – Mubasher: Zahraa Maadi Investment and Development has provided preliminary approval for a co-development project with Madinet Masr Housing and Development in New Heliopolis City. The project is situated on 41.90 acres and will fit …

Real estate

23 July 2024 11:24 AM Madinet Masr eyes EGP 64bn revenues from Mostakbal City project

Cairo – Mubasher: Madinet Masr Housing and Development and Midar for Investment and Urban Development penned a partnership agreement for an integrated residential urban project in phase four of Mostakbal City. The total expected revenue for the …

Real estate

15 July 2024 09:52 AM Madinet Masr, Heliopolis Housing to develop mega project in New Heliopolis

Cairo – Mubasher: Madinet Masr Housing and Development has announced the signing of a co-development project in New Heliopolis City with Heliopolis Housing and Development Company, known as Misr Al-Gadida for Housing and Development. The project …

Companies Investments

8 July 2024 00:29 PM Madinet Masr pens MoU for construction of EGP 1bn Sarai project

Cairo – Mubasher: Madinet Masr Housing and Development has signed a memorandum of understanding (MoU) with Aboelwafa Contracting and Real Estate Investment Company to execute the construction work of the Sarai project. The MoU covers the …

Real estate

9 June 2024 02:15 PM Madinet Masr, CIRA Education introduce Project Kayan in Taj City

Cairo – Mubasher: Madinet Masr Housing and Development has announced Project Kayan in collaboration with Lemania Swiss International School (LSIS), managed by CIRA Education’s subsidiary Eduhive, and Klub Kayan, operated by Blue Ribbon in Taj …

Real estate

26 May 2024 03:43 PM Madinet Masr’s consolidated profit soars 287% YoY in Q1-24; contracted sales near EGP 15bn

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. …

Financial Results

22 May 2024 09:11 AM Madinet Masr unveils EGP 70bn development investments

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 …

Companies Investments