Madinet Masr For Housing and Development (MASR)

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News

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, …

Real estate

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 …

Real estate

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, …

Real estate

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

1 May 2024 02:09 PM Madinet Masr launches Sheya project, achieves EGP 5.1bn in sales

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 …

Real estate

18 April 2024 00:22 PM Madinet Masr to start dividends payment in May 2024

Cairo – Mubasher: The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023. The dividends are set to be paid in two instalments, the first of which amounts to …

Cash Dividends

15 April 2024 03:25 PM Three companies propose to participate in New Heliopolis City project

Cairo – Mubasher: The New Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis …

Real estate

24 March 2024 03:28 PM Madinet Masr negotiating banks for credit facilities

Cairo – Mubasher: Madinet Masr Housing and Development is in talks with a syndicate of banks for credit facilities to fund its commercial projects. Official contracts will be signed upon the finalisation of the negotiations, Madinet Masr stated, …

Real estate

18 March 2024 03:30 PM Madinet Masr considers purchase of 400 feddans in North Coast – CEO

By Abdullah Bedir Cairo – Mubasher: Madinet Masr Housing and Development is seeking to acquire massive land in Egypt’s North Coast at a minimum area of 400 feddans, stated Abdallah Sallam, the company’s president and CEO. Sallam revealed on the …

Companies Investments

18 March 2024 01:20 PM Madinet Masr Innovation Labs unveils Theqa property warranty solution

Cairo – Mubasher: Madinet Masr Innovation Labs, the innovation arm of Madinet Masr Housing and Development, has launched a new property warranty solution under the name of “Theqa”. The new solution is designed to replace maintenance deposits, …

Real estate

3 March 2024 05:37 PM Madinet Masr offers to develop 3 lands with Heliopolis Company

Cairo – Mubasher: Heliopolis Company for Housing and Development has received a technical and financial offer for the development of three plots of land in New Heliopolis City in partnership with Madinet Masr Housing and Development. The three …

Real estate

26 February 2024 11:09 AM Madinet Masr’s consolidated profits soar 189% YoY in 2023; dividends proposed

Cairo – Mubasher: Madinet Masr Housing and Development recorded a 188.85% year-on-year (YoY) surge in the consolidated net profit after tax and non-controlling interest to EGP 2.12 billion in 2023 from EGP 736.73 million. The company’s revenues …

Financial Results

29 January 2024 03:52 PM Madinet Masr’s contractual sales jump to EGP 34.9bn in 2023

Cairo – Mubasher: Madinet Masr Housing and Development recorded an increase in total contractual sales to EGP 34.95 billion as of 31 December 2023, versus EGP 11.20 billion in 2022. This positive performance is backed by the company’s expansion …

Real estate

26 December 2023 04:37 PM Madinet Masr unveils 73 partnerships at EGP 7bn monetary value

Cairo – Mubasher: Madinet Masr Housing and Development announced strategic partnerships with 73 companies at a total monetary value of EGP 7 billion in 2023, according to a press release. The total amount is divided into EGP 5.30 billion for …

Real estate

30 November 2023 04:32 PM Madinet Masr unveils EGP 1.7bn investment

Cairo – Mubasher: Madinet Masr Housing and Development extended its memorandum of understanding (MoU), which was signed in 2022 with El Hazek Construction at a value of EGP 1.5 billion, to reach EGP 1.70 billion. The listed firm plans to establish …

Real estate

12 November 2023 04:39 PM Madinet Masr registers EGP 1.35bn consolidated profits in 9M-23

Cairo – Mubasher: Madinet Masr Housing and Development generated EGP 1.35 billion in consolidated net profit after tax and non-controlling interest during the first nine months (9M) of 2023, a hike of 153.12% from EGP 534.20 million a year …

Financial Results

12 October 2023 02:51 PM EGX-listed Madinet Masr comments on Saudi PIF acquisition news

Cairo – Mubasher: Madinet Masr for Housing and Development Company stated that its management did not receive any letters regarding an acquisition by the Saudi sovereign fund, according to a bourse filing. The Egyptian Exchange (EGX) listed …

Companies Investments

5 October 2023 01:55 PM Madinet Masr eyes EGP 20bn sales in 2023

Cairo – Mubasher: Madinet Masr Housing and Development has achieved an increase in its contracted sales during the third quarter (Q3) of 2023, surpassing the total sales of any previous year since the company’s establishment. The EGX-listed firm …

Companies Investments

10 August 2023 04:04 PM Madinet Masr’s consolidated profits leap 151% in H1-23

Cairo – Mubasher: Madinet Masr Housing and Development posted consolidated net profit after tax amounting to EGP 580.23 million in the first half (H1) of 2023, an annual surge of 151.05% from EGP 231.12 million. Revenues stood at EGP 2.27 billion …

Financial Results