Madinet Masr Housing and Development

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 …

Cairo – Mubasher: The 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 Company …

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, …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Cairo – Mubasher: Madinet Masr Housing and Development, formerly known as Madinet Nasr Housing and Development (MNHD), acquired the entire shares of Mink for Real Estate Investment and Egykan for Real Estate Development. Madinet Masr completed the …

Cairo Mubasher: Madinet Masr, previously known as Madinet Nasr for Housing and Development, has launched its first project in Assiut Governorate Zahw, according to a press release. Zahw comes in line with its expansion strategy and growth plans to …

Cairo – Mubasher: Madinet Masr Housing and Development, formerly known as Madinet Nasr Housing and Development (MNHD), registered EGP 304.36 million in consolidated net profit after tax during the first quarter (Q1) of 2023, up 152.93% from EGP …

Cairo – Mubasher: The board of Madinet Nasr Housing and Development (MNHD) agreed to change the company’s name to Madinet Masr Housing and Development. The board members granted their approval for the rebranding during their meeting that was held …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) generated consolidated net profits after tax worth EGP 736.73 million in 2022, an annual hike of 160.48% from EGP 282.83 million, including non-controlling equity. The basic earnings …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has won the “Fastest Growing Real Estate Company in Egypt 2022” from the International Business Magazine (IBM) Awards, Dubai. The nomination and award-winning process involved a …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has signed a partnership agreement with DMC to construct 13 buildings in Lake Park project in Taj City. The total investment of the project is valued at EGP 350 million and is forecast …

Cairo – Mubasher: B.TECH signed a contract with Madinet Nasr Housing and Development (MNHD) to relocate its administrative headquarters to Kinda project in New Cairo’s Taj City. This deal marks the beginning of long-term cooperation plans between …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) signed a partnership agreement with Asten College to establish its first international school in Taj City in New Cairo. Asten College is a project of the Balanced Education Company …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) intends to award contracting works worth EGP 3 billion until the end of the current year with a number of contractors for construction works at Taj City project. The EGX-listed real …

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) has signed a memorandum of understanding (MoU) with Al-Hazek Construction, a subsidiary of Al-Hazek Group, to carry out construction works worth EGP 1.50 billion. The first project that …