ARAB Developers Holding

Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In …

Cairo – Mubasher: Arab Developers Holding turned to consolidated profitability during the financial year 2023, recording a net profit of EGP 100 million, versus a net loss of EGP 18 million a year earlier. Consolidated sales soared 203% …

Cairo – Mubasher: Arab Developers Holding recorded an annual hike in consolidated net profit after tax to EGP 89.53 million during the first nine months (9M) of 2023, versus EGP 18.51 million. Revenues increased to EGP 872.41 million in 9M-23 from …

Cairo – Mubasher: Arab Developers Holding shifted to net profits amounting to EGP 15 million in the first quarter (Q1) of 2023, against net losses valued at EGP 9 million in Q1-22. The sales hiked by 413% year-on-year (YoY) to EGP 1.30 billion in …

Cairo – Mubasher: Arab Developers Holding has hired Solid Capital for Financial Advisory (SCFA) as an independent financial advisor to evaluate one of the holding company’s subsidiaries.  The step aims to study a potential offering of a stake in …

Cairo – Mubasher: Arab Developers Holding has logged consolidated net profits after tax worth EGP 14.84 million in the first half (H1) of 2022, an annual drop of nearly 21% from EGP 71.79 million. Sales plummeted by around 65% to EGP 467.99 …

Cairo – Mubasher: Arab Developers Holding is targeting to log EGP 2.80 billion in sales across all of its projects during the current year. The group also aims to pump investments of EGP 1.50 billion during 2022 to speed up the construction and …

Cairo – Mubasher: Egypt-based fintech platform valU has teamed up with Arab Developers Holding to provide the latter’s customers with financing of up to EGP 2.40 million per individual. The instalment solutions will cover home improvement and …

Cairo – Mubasher: Arab Developers Holding logged consolidated net losses of EGP 8.66 million in the first quarter (Q1) of 2022, against net profits of EGP 18.85 million in the year-ago period, according to the company's unaudited financials for …

Cairo – Mubasher: The consolidated net profits of Arab Developers Holding hiked by 228.8% to EGP 92.86 million in 2021, compared to EGP 28.24 million in the earlier year, including minority shareholders' rights. The company generated revenues of …

Cairo – Mubasher: Porto Group Holding has changed the company's name to Arab Developers Holdings and launched two new brands. The company seeks to introduce the Nyoum brand for its residential projects and Sia for coastal projects, according to a …

Cairo – Mubasher: The shareholders of Porto Group Holding approved to change the name of the company to Arab Developers Holding Company. The decision was taken during the extraordinary general meeting (EGM) that was held on 9 January. It is worth …

Cairo – Mubasher: Porto Group Holding turned to consolidated net profits of EGP 90.97 million in the first nine months of 2021, versus net losses of EGP 8.62 million in the corresponding period a year earlier, including minority shareholders' …

Cairo - Mubasher: Egypt-based Asmak Co has raised its stake in Porto Group Holding to 18.75% from 18.17% in a deal valued at EGP 3.96 million. Asmak has purchased 6.77 million shares in Porto at a total price of EGP 0.59 per share, according to a …

Cairo – Mubasher: Asmak Co has raised its stake in Porto Group Holding to 18.17% from 17.47% in a deal worth EGP 4.92 million. The transaction included the purchase of 8.2 million shares at an average price of EGP 0.59 apiece, according to a …

Cairo – Mubasher: Porto Group Holding aims to expand in the Arab region and inject more than EGP 1 billion worth of investments, the CEO revealed. The real estate developer is planning to pump over EGP 1 billion in investments in the local market …

Cairo – Mubasher: Porto Group Holding revealed the future investment plan of Asmak Co, which owns 15.03% of the company.  Asmak plans to acquire more than 25% of Porto Group’s capital through the Egyptian Exchange's (EGX) open market, Porto Group …

Cairo – Mubasher: Porto Group Holding turned to consolidated net profits of EGP 71.79 million in the first half (H1) of 2021, versus net losses of EGP 24.7 million in the year-ago period, including minority shareholders' rights.  The revenues …

Cairo - Mubasher: The shareholder Hashim Hussein Ataa Ghoneim slashed his stake in Porto Group Holding to 5.41% in two transactions worth EGP 52 million.  Ghoneim sold 50 million shares for EGP 37 million or an average of EGP 0.74 apiece, cutting …

Cairo – Mubasher: Porto Group Holding has achieved consolidated net profits of EGP 18.85 million during the first quarter (Q1) of 2021, against net losses of EGP 16.34 million in the same period of 2020. The company generated revenues of EGP …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Porto Group Holding approved the board’s proposal to change the company’s name The decision comes in line with the company’s future plans as well as growth and development objectives, …

Cairo – Mubasher: Asmak Co raised its stake in Porto Group Holding to 12.04% from 11.51%, HC Brokerage said. The transaction included the purchase of 6.15 million shares for EGP 4.246 million, averaging EGP 0.69 apiece, according to a bourse …

Cairo – Mubasher: The ordinary general meeting (OGM) of Porto Group Holding approved the appointment of board members for a new three-year term. The appointed board members are Jamal Fawzy Mohamed Fath Allah as a Non-Executive Chairman and Ayman …

Cairo – Mubasher: Porto Group Holding is set to establish a new joint venture (JV) in partnership with Prime Group Egypt, UAE’s Asmak Co. in the coming period. The real estate developer is also working on 15 projects inside Egypt and abroad, …

By: Abdullah Bedeir Cairo – Mubasher: Porto Group Holding is planning to invest EGP 1.3 billion in its projects in 2021, the Deputy Chairman, Ayman Mokhtar Khalifa, revealed. The real estate developer also targets EGP 3 billion in presales during …