Madinet Masr For Housing and Development News - Mubasher Info
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08 June 07:43 AM

Madinet Masr For Housing and Development (MASR)

Last update: 7 June 01:29 PM market time.
6.75
-0.36
-5.04%
Open 6.95
Previous Close 7.14
High 6.98
Low 6.74
Stock Statistics
Volume 3,745,609
Turnover 25,552,884.00
All data are 15 minutes late during market session

News

MNHD aims to generate EGP 7.5 billion in sales and reservations
9 March 2020 05:01 PM MNHD eyes EGP 12bn investments in 3 yrs
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced plans to inject EGP 12 billion worth of investments during the coming three years. The planned investments include EGP 7 billion in Sarai Project and EGP 5 billion in Taj City …
Companies Investments
The land will see the development of a new residential project in Taj City
5 March 2020 00:37 PM MNHD, MINKA agree EGP 1.15bn land sale
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has signed a contract worth EGP 1.145 billion with MINKA Real Estate to sell a land lot spanning over 114,540 square metres in Taj City. The company still owns lands plots for …
Companies Investments
MNHD reported net profits of EGP 1 billion in 2019
2 March 2020 00:39 PM MNHD inks land exchange deal with Ministry of Defense
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has reached a land exchange agreement with the Armed Forces Land Projects Agency, affiliated to the Ministry of Defense. Under the agreement, MNHD will acquire a land plot, spanning …
Real estate
FY19 cash dividend is expected to stand at EGP 0.45 a share
3 February 2020 06:07 PM MNHD mulls to distribute EGP 648m dividends for FY19
Cairo - Mubasher: Madinet Nasr Housing and Development (MNHD) is planning to distribute cash dividends of EGP 648 million for fiscal year 2019, according to the company’s disclosure to Egyptian Exchange (EGX). The FY19 cash dividend is expected to …
Real estate
MNHD's revenues reached EGP 2.2 billion in 2019
3 February 2020 04:55 PM MNHD’s profits fall to EGP 1bn in consolidated FY19 financials
Cairo – Mubasher: The profits of Madinet Nasr Housing and Development (MNHD) declined by 10% year-on-year (YoY) to EGP 1 billion in 2019 from EGP 1.11 billion in 2018, according to the company’s consolidated financial statements to the Egyptian …
Financial Results
The United Bank's chairman, Ashraf El Kady
22 January 2020 10:08 PM United Bank guarantees EGP 305m securitisation deal for MNHD
Cairo – Mubasher: Chairman of the United Bank Ashraf El Kady on Wednesday announced that the bank issued a letter of guarantee for an EGP 305 million securitisation transaction for Madinet Nasr Housing and Development (MNHD). The transaction comes …
Banking and Finance
MNHD is developing over 10,000 real estate units at the moment
9 January 2020 01:42 PM MNHD logs EGP 6.3bn contractual sales in 2019
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) reported contracts and sales bookings worth EGP 6.3 billion during 2019, higher by 15% when compared to EGP 5.49 billion in 2018. This rise is attributed to the demand for the company’s …
Real estate
The EGP 305 million bond includes three tranches
19 December 2019 00:28 PM MNHD closes 1st securitised bond with CIB, EFG Hermes
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 …
Real estate
MNHD logged a net profit of EGP 630.98 million in nine months
11 December 2019 00:55 PM MNHD approves EGP 150m credit facility from United Bank
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 …
Banking and Finance
The total value of the land amounts to EGP 340 million
26 November 2019 01:07 PM MNHD pays 10% down payment for 104-feddan land in West Assiut
By: Abdullah Bedeir Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has paid 10% of the value of a land plot covering an area of 104 feddans (about 436,800 square metres) in West Assiut as a down payment, head of Nasser City …
Companies Investments
Works are planned to be completed within 18M
13 November 2019 00:21 PM MNHD awards EGP 5.4bn contracts for Sarai, Taj City
By: Abdullah Bedeir Cairo – Mubasher:  Madinet Nasr Housing and Development (MNHD) has awarded EGP 5.37 billion contracts in Sarai and Taj City projects in New Cairo, the company’s managing director Ahmed El Hitamy stated. The contracts include …
Companies Investments
Part of the press conference
12 November 2019 04:28 PM MNHD achieves EGP 4.6bn contractual sales in 10M/19
By: Abdullah Bedeir Cairo – Mubasher:  Madinet Nasr Housing and Development’s (MNHD) contractual sales reached a range between EGP 4.5 billion and EGP 4.6 billion during the first 10 months of the fiscal year 2019, the company’s managing director …
Financial Results
Revenue declined to EGP 1.18bn in 9M
5 November 2019 07:53 PM MNHD reports 25% YoY decline in Q3-19 standalone profit
Cairo – Mubasher: The standalone financial statements of Madinet Nasr Housing and Development (MNHD) showed a 24.9% year-on-year decline in net profit during the first nine months of 2019. The company’s net profit went down to EGP 613.28 million …
Financial Results
The property developer will pay an advance payment of EGP 34 million
4 November 2019 04:37 PM MNHD seeks to buy 104-feddan land in West Assiut
By: Abdullah Bedeir Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has submitted a request to obtain a land plot covering an area of 104 feddans (436.8 square metres) in Nasser City in West Assiut, head of Nasser City Authority …
Real estate
The board’s also decided to sell two land plots in Taj City for EGP 420 million
4 November 2019 01:46 PM MNHD's board decides to borrow EGP 2.5bn
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced that its board of directors accepted an offer from the Egyptian Gulf Bank (EG Bank) to obtain a medium-term funding worth EGP 400 million for SARAI project. In addition, the …
Real estate
The company’s sales declined to EGP 1.44 billion
4 November 2019 00:59 PM MNHD’s profit falls to EGP 631m in 9M unaudited financials
Cairo – Mubasher: The unaudited consolidated financial results of Madinet Nasr Housing and Development (MNHD) showed a 27.4% year-on-year decrease in its profit during the nine-month period ended 30 September. The real estate developer’s net …
Financial Results
The deal's worth may reach EGP 400m
22 October 2019 05:37 PM MNHD to offer securities before year-end
By: Abdullah Bedeir Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) is looking forward to closing a securitisation deal valued between EGP 300 million and EGP 400 million as soon as possible, managing director Ahmed El Hitamy stated. …
Banking and Finance
The company have delivered 1,700 residential units at Tag City
22 October 2019 10:55 AM MNHD awards EGP 5bn construction contracts for Taj City, SARAI
By: Abdullah Bedier Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has awarded construction contracts valued at EGP 5 billion for Taj City and SARAI projects in New Cairo, the real estate developer’s CEO Ahmed El-Hitamy said. The …
Companies Investments
MNHD's net profit declined to EGP 515.686 million in H1
11 September 2019 06:01 PM MNHD seeks to buy EGP 1.6bn land in West Assiut
By: Abdullah Bedeir  Cairo – Mubasher: Nasser City Authority is expected to allocate a land plot over an area of 600 feddans to Madinet Nasr Housing and Development (MNHD) within a month, head of the authority, Yasser Abdullah, told Mubasher. The …
Real estate
Madinet Nasr logged a profit of EGP 515.686 million in H1
8 September 2019 04:18 PM MNHD hires EFG Hermes to launch first securitisation deal
Cairo – Mubasher: Madinet Nasr Housing and Development’s (MNHD) board of directors approved the appointment of EFG Hermes’ securitisation unit to launch its first securitisation transaction. The value of the transaction has not been determined …
Real estate
MNHD posted a net profit of EGP 35.48 million in Q2-19
28 August 2019 01:29 PM MNHD obtains EGP 300m loan from AAIB
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has signed the final contract with the Arab African International Bank (AAIB) to obtain a short-term loan worth EGP 300 million. The loan targets financing Sarai New Cairo project, …
Company News
The EGX
24 August 2019 08:30 PM Interest rate cut to boost 8 stocks on EGX
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates is expected to have a positive impact on the liquidity of the Egyptian Exchange (EGX), according to a report released by Beltone Research on Saturday. The cut of …
Trading Activities
FV was set at EGP 9.34 per share
9 August 2019 09:39 PM Pharos Research keeps MNHD’s overweight recommendation
Cairo – Mubasher: Pharos Research has set the fair value (FV) of Madinet Nasr Housing and Development (MNHD) at EGP 9.34 per share, maintaining its overweight recommendation for the stock. In May, the Egyptian Exchange’s (EGX) listing committee …
Stock Evaluations
Revenues declined by 14.07% to EGP 1.088 billion
8 August 2019 10:49 AM MNHD’s profit drops 16% in H1-19
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) posted a 15.7% year-on-year profit retreat during the first half of 2019. The company’s net profit fell to EGP 515.686 million in the six-month period ended 30 June, compared to EGP …
Financial Results
Talaat Moustafa Group Holding recorded revenues of EGP 2.24 billion
4 July 2019 04:54 PM EGX-listed real estate firms post EGP 6.6bn revenues in Q1
By: Abdullah Bedeir Cairo – Mubasher: Revenues of real estate companies listed on the Egyptian Exchange (EGX) grew by 5.49% year-on-year during the first quarter of 2019, according to statistics conducted by Mubasher. From January to March, …
Company News