Madinet Masr For Housing and Development News - Mubasher Info
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08 May 10:02 PM

Madinet Masr For Housing and Development (MASR)

Last update: 6 May 01:29 PM market time.
6.52
0.21
3.31%
Open 6.34
Previous Close 6.34
High 6.57
Low 6.40
Stock Statistics
Volume 10,847,406
Turnover 70,500,928.00
All data are 15 minutes late during market session

News

The company’s net profits amounted to EGP 332.3 million in Q1-19
23 June 2019 06:17 PM MNHD denies borrowing EGP 1.4bn
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has denied news about seeking to borrow EGP 1.4 billion, according to a statement to the Egyptian Exchange (EGX) on Sunday. The Egyptian real estate firm was said to be in talks with …
Real estate
The property developer’s capital will be raised to EGP 1.44 billion
23 May 2019 01:48 PM EGX approves MNHD’s EGP 240m capital raise
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved increasing Madinet Nasr Housing and Development’s (MNHD) issued and paid-up capital by EGP 240 million, distributed over 240 million shares at a nominal value of EGP 1 …
Management Decisions
Net profits amounted to EGP 332.3 million in Q1
8 May 2019 00:37 PM MNHD’s profit rises 6% in Q1
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) posted a 6% year-on-year growth in its consolidated profits for the first quarter of 2019. The Egyptian real estate firm’s net profits amounted to EGP 332.3 million in Q1-19, compared …
Financial Results
The real estate firm’s revenues grew to EGP 2.7 million in 2018
8 May 2019 00:19 PM MNHD inks protocol to finance projects in 6th of October city
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced that the company’s board of directors has mandated the managing director to sign a protocol with a real estate finance company. The deal aims to finance the units of Hadayek …
Companies Investments
Cobalt Business District’s sales contracts and bookings amounted to around EGP 406 million
14 April 2019 01:03 PM MNHD records EGP 1.7bn contractual sales in Q1
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) on Sunday announced that the volume of its contractual sales and bookings increased by 9% year-on-year during the first quarter of 2019. The Egyptian real estate developer has recorded …
Real estate
The OGM has agreed to distribute 1-for-5 basis bonus shares for FY18
26 March 2019 03:30 PM MNHD OGM nods to bonus shares distribution
Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) ordinary general meeting (OGM) has approved the distribution of EGP 240 million for fiscal year 2018 as bonus shares. The OGM has agreed to distribute 1-for-5 basis bonus shares for …
Cash Dividends
MNHD to sell a non-residential land plot in Taj City for EGP 185m to Minka Real Estate
26 March 2019 02:24 PM MNHD to sell EGP 185m non-residential land plot in Taj City
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD), a leading property developer, on Tuesday announced it will sell a non-residential land plot in Taj City project to Minka Real Estate Investment for EGP 184.8 million. Minka, owned by …
Real estate
MNHD logged EGP 1.06 billion in standalone profits in 2018
20 February 2019 11:37 AM MNHD posts robust standalone results for FY18
Cairo- Mubasher: Madinet Nasr Housing and Development (MNHD) on Wednesday posted a 13% year-on-year increase in its standalone profits for 2018. The real estate firm logged EGP 1.06 billion in standalone profits during the full-year ended 31 …
Real estate
The FV was mainly driven by the property developer’s 6 million-square metre residual land
18 February 2019 04:21 PM Research firm maintains ‘Overweight’ recommendation on MNHD
Cairo – Mubasher: Pharos Research has reiterated their ‘Overweight’ recommendation of Madinet Nasr for Housing and Development (MNHD) based on fair value (FV) of EGP 10.50 per share. The FV was mainly driven by the property developer’s 6 …
Financial Results
Sales grew to EGP 2.7 billion last year
18 February 2019 00:53 PM MNHD FY18 profits up 19%
Cairo- Mubasher: Madinet Nasr Housing and Development (MNHD) on Sunday reported a 19% year-on-year increase in its consolidated profits for 2018, exceeding EGP 1 billion for the first time. Net profits amounted to EGP 1.11 billion during the …
Real estate
MNHD also denied any talks with Emaar Misr regarding the same matter
3 February 2019 00:43 PM Emaar Misr denies talks to acquire Madinet Nasr Housing
Cairo – Mubasher: Emaar Misr for Development, a subsidiary of UAE-based Emaar Properties, on Sunday denied negotiations with Madinet Nasr Housing and Development (MNHD) over an acquisition. This came as a response to one of the newspapers that …
Real estate
Almost 8.2 million shares of MNHD were traded at a turnover of EGP 52.47 million.
23 January 2019 02:06 PM MNHD tops EGX’s value after dropping merger talks with SODIC
By: Heba El-Kordy Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) stock was the most active stock in terms of traded value on the Egyptian Exchange (EGX) after it resumed trading. By 12:20 pm Cairo time, the stock lost 2.16% to EGP …
Mergers and Acquisitions
23 January 2019 00:40 PM MNHD drops merger talks with SODIC
The two companies have disagreed on the terms of the swap transaction
Global Economy
The Egyptian bourse has suspended trading on SODIC’s stock until the company responds to its inquiries
23 January 2019 00:30 PM EGX suspends trading on SODIC, MNHD
Cairo – Mubasher: The Egyptian Exchange (EGX) has suspended trading on the stocks of Madinet Nasr Housing and Development (MNHD) and Sixth of October for Development and Investment (SODIC) starting from Wednesday, 23 January. Trading on MNHD’s …
Trading Activities
The two companies have disagreed on the terms of the swap transaction
23 January 2019 00:09 PM MNHD drops merger talks with SODIC
Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) board of directors has decided to suspend the merger and acquisition negotiations with Sixth of October for Development and Investment (SODIC). The two companies have disagreed on the …
Mergers and Acquisitions
9 January 2019 04:26 PM Madinet Nasr Housing seals EGP 5.5bn contracts in 2018
The Egyptian real estate firm has made a record by delivering 788 units in 2018
Global Economy
Sales reached EGP 792.8 million in the nine-month period ended September
4 November 2018 01:23 PM Madinet Nasr Housing profit rises 15% in 9M
Madinet Nasr Housing and Development (MNHD)​ on Sunday reported a 15% year-on-year jump in its profits for the first nine months of 2018.
Photo Archive
18 October 2018 06:39 PM SODIC shareholders to benefit from Madinet Nasr acquisition
Cairo - Mubasher: MubasherTrade Research is recommending Buy with “Low Risk” on the stock of Sixth of October Development and Investment Company (SODIC) with a price target (PT) of EGP 33.5 per share. SODIC announced that its board of directors …
Real estate
MNHD hired the law firm until it receives a final offer from SODIC
16 October 2018 02:44 PM MNHD appoints legal advisor for potential acquisition by SODIC
Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) board of director has appointed Zaki Hashem and Partners Law Firm as its legal advisor for Sixth of October for Development and Investment’s (SODIC) acquisition offer. The company …
Mergers and Acquisitions
B Investments is studying the offer as it holds a 7.51% stake, or 90.064 million shares, in MNHD
16 October 2018 01:30 PM B Investments mulls SODIC’s offer to acquire MNHD
Cairo – Mubasher: B Investments Holdings is currently considering the offer submitted by Sixth of October for Development and Investment (SODIC) to acquire a stake in Madinet Nasr Housing and Development (MNHD). The company is studying the offer …
Real estate
SODIC to acquire 51% stake in MNHD
14 October 2018 03:40 PM SODIC to acquire 51% stake in MNHD
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) is planning to submit a purchase offer to acquire around 51% stake in Madinet Nasr Housing and Development (MNHD) through a share swap. Upon the deal, Sodic will exchange …
Real estate
This decision follows news published in a newspaper regarding SODIC’s acquisition for MNHD through a stock swap deal
14 October 2018 00:22 PM EGX suspends trading on SODIC, MNHD
Cairo – Mubasher: The Egyptian Exchange (EGX) on Sunday has suspended trading on the stocks of Madinet Nasr Housing and Development (MNHD) and Sixth of October for Development and Investment (SODIC). This decision follows news published in a …
Mergers and Acquisitions
B Investments holds a 27% stake in MNHD.
5 September 2018 01:24 PM MNHD-SODIC merger to complete end-2018 - B Investments
Cairo – Mubasher: Co-founder and member of B Investments Holdings’ board of director said that negotiations between Madinet Nasr Housing and Development (MNHD) and Sixth of October for Development and Investment (SODIC) over merger or acquisition …
Mergers and Acquisitions
Photo Archive
2 August 2018 10:30 PM Pharos reiterates MNHD’s rating
Cairo - Mubasher: Pharos Research has reiterated the overweight recommendation of Madinet Nasr for Housing and Development (MNHD), according to a research note issued on Thursday. MNHD is planning to launch a new phase in SARAI called Cavana Lakes …
Ratings
MNHD logs EGP 611.72m profit in H1
2 August 2018 00:28 PM MNHD logs EGP 611.72m profit in H1
Cairo – Mubasher: The financial indicators of Madinet Nasr Housing Development (MNHD) showed a 20% year-on-year rise in its net profits in the first half of 2018 due to a growth in revenues. The Egyptian developer generated EGP 611.72 million in …
Real estate