Zahraa Maadi Investment and Development (ZMID)

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News

3 November 2024 00:59 PM Zahraa Maadi achieves higher profits at EGP 344m in 9M-24

Cairo – Mubasher: Zahraa Maadi Investment and Development logged net profits after tax at EGP 343.77 million in the first nine months (9M) of 2024. The registered profits were higher year-on-year (YoY) than EGP 219.01 million, according to the …

Real estate

11 August 2024 08:58 AM Zahraa Maadi logs EGP 251m net profits in H1-24

Cairo – Mubasher: Zahraa Maadi Investment and Development recorded consolidated net profits after tax valued at EGP 250.88 million in the first half (H1) of 2024, an annual leap from EGP 117.03 million. Revenues hit EGP 338.96 million in H1-24, up …

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

29 May 2024 03:30 PM Zahraa Maadi sees 10% higher net profits in Q1-24

Cairo – Mubasher:  Zahraa Maadi Investment and Development posted a 9.76% growth in net profit after tax at EGP 83.67 million during the first quarter (Q1) of 2024, versus EGP 76.23 million in Q1-23. The sales amounted to EGP 134.23 million in the …

Financial Results

22 April 2024 06:24 PM Zahraa Maadi obtains regulatory nod for authorised, issued capital increase

Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved for Zahraa Maadi Investment and Development to raise its authorisied capital by EGP 4 billion from EGP 1 billion. The listed company aims to increase the authorised capital to EGP …

Management Decisions

19 February 2024 03:19 PM Zahraa Maadi unveils EGP 324m profits in 2023, dividends

Cairo – Mubasher: Zahraa Maadi Investment and Development witnessed 24.18% higher net profits after tax at EGP 324.23 million in 2023, compared to EGP 261.10 million in 2022. The sales enlarged to EGP 732.62 million last year from EGP 519.65 …

Cash Dividends

3 August 2023 04:04 PM Zahraa Maadi’s net profits reach EGP 117m in H1-23

Cairo – Mubasher: Zahraa Maadi Investment and Development posted a 6.66% rise in net profit after tax to EGP 117.03 million during the first half (H1) of 2023, versus EGP 109.72 million in H1-22. Revenues amounted to EGP 269.18 million in the …

Real estate

19 June 2023 01:40 PM Zahraa Maadi obtains shareholders’ nod for 2022 dividends

Cairo – Mubasher: The shareholders of Zahraa Maadi Investment and Development approved cash dividends amounting to EGP 79.20 million, representing 15% of the capital, for 2022. The EGX-listed firm will grant a dividend of  EGP 0.15 per share for …

Real estate

31 May 2023 09:35 AM Zahraa Maadi’s profits up in Q1-23 interim financials

Cairo – Mubasher: The net profits after tax of Zahraa Maadi Investment and Development grew by 1.53% to EGP 76.23 million in the first quarter (Q1) of 2023, compared to EGP 75.07 million in Q1-22. The EGX-listed firm recorded a year-on-year (YoY) …

Real estate

28 March 2023 00:18 PM Maadi Company for Development reduces stake in Zahraa Maadi to 17.75%

Cairo – Mubasher: Maadi Company for Development and Reconstruction lowered its equity ownership in Zahraa Maadi Investment and Development to 17.75% from 18.29%, according to a bourse filing. Maadi Company for Development sold 2.75 million shares …

Companies Investments

22 February 2023 00:51 PM Zahraa Maadi logs EGP 261m profits in 2022 initial results; dividends proposed

Cairo – Mubasher: Zahraa Maadi Investment and Development achieved net profits worth EGP 261.10 million in 2022, up 0.70% year-on-year (YoY) from EGP 259.37 million. Total revenues amounted to EGP 392.07 million in 2022, an annual growth of 4.10% …

Financial Results

8 November 2022 00:29 PM Zahraa Maadi’s profits up 2.49% in 9M-22 unaudited results

Cairo – Mubasher: The unaudited financial statements of Zahraa Maadi Investment and Development showed a 2.49% annual rise in net earnings after tax to EGP 216.26 million during the first nine months (9M) of 2022 from EGP 211.01 million. Basic …

Real estate

14 September 2022 01:03 AM Maadi Company for Development cuts equity in Zahraa Maadi

Cairo – Mubasher: Maadi Company for Development and Reconstruction has reduced its 31.60% stake in Zahraa Maadi Investment and Development to 21.70%. Maadi Company for Development sold 2.67 million shares in Zahraa Maadi for EGP 38.54 million at …

Real estate

30 August 2022 11:56 AM Zahraa Maadi sees EGP 344m block trading deal

Cairo - Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 343.90 million on the shares of Zahraa Maadi Investment and Development. The block deal was executed on 38 million of the company's shares, according to a stock …

Real estate

18 August 2022 00:35 PM Maadi Company for Development sells 22m shares in Zahraa Maadi Investment

Cairo – Mubasher: Maadi Company for Development and Reconstruction has reduced its stake in Zahraa Maadi Investment and Development to 36.95% from 45.19%.     Hence, Maadi Company for Development sold 22 million shares for EGP 199.10 million, or …

Mergers and Acquisitions

9 May 2022 05:52 PM Zahraa Maadi’s stock sees over EGP 77.5m block trading deal

Cairo - Mubasher: Zahraa Maadi Investment and Development has witnessed a block trading transaction worth EGP 77.68 million on 8 million of its shares, the Egyptian Exchange (EGX) announced on Monday.  Last April, the company recorded a block …

Trading Activities

14 April 2022 00:15 PM Zahraa Maadi sees EGP 32m block trading deal

Cairo - Mubasher: The Egyptian Exchange (EGX) has announced a block trading deal worth EGP 31.74 million on the shares of Zahraa Maadi Investment and Development. The block deal was executed on 3.81 million of the company's shares, according to a …

Companies Investments

23 February 2022 06:47 PM Zahraa Maadi's profits up 29% in 2021 unaudited results; dividends proposed

Cairo - Mubasher: Zahraa Maadi Investment and Development’s net profits after tax increased by 28.99% year-on-year (YoY) to EGP 274.86 million in 2021, compared to EGP 213.09 million.  The earnings per share (EPS) stood at EGP 0.88 last year, …

Financial Results

8 February 2022 11:31 AM Zahraa Maadi's OGM approves EGP 264m capital increase

Cairo – Mubasher: The ordinary general meeting (OGM) of Zahraa Maadi Investment and Development has approved an EGP 264 million increase in the issued and paid-up capital to EGP 528 million. The company will finance the capital raise from the 2020 …

General Assembly

1 November 2021 00:51 PM Zahraa Maadi expects EGP 3.3bn sales from New Heliopolis project

Cairo – Mubasher: The board of directors of Zahraa Maadi Investment and Development has awarded the development and construction of an integrated residential complex over a 34-feddan land plot in New Heliopolis City to Leopard Construction. The …

Real estate

23 September 2021 11:37 AM Zahraa Maadi postpones dividend payment for lack of liquidity

Cairo – Mubasher: Zahraa Maadi Investment and Development has postponed the last payment of its cash dividends amounting to EGP 0.15 per share for lack of cash liquidity.  The payment will be made on 30 November instead of 30 September, the real …

Cash Dividends

19 September 2021 00:02 PM Zahraa Maadi sells three land plots for EGP 48m

Cairo – Mubasher: Zahraa Maadi Investment and Development announced the sale of three land plots dedicated for housing purposes in an auction.  The land plots, spanning over a total area of 2,722 square metres (sqm), were sold for EGP 47.8 …

Real estate

13 September 2021 10:58 AM Maadi Company for Development cuts stake in Zahraa Maadi for EGP 45m

Cairo – Mubasher: Maadi Company for Development and Reconstruction has reduced its stake in Zahraa Maadi Investment and Development to 50.33% from 50.71%.  The transaction involved the sale of 1 million shares for EGP 45 million, averaging EGP 45 …

Insider Trading & Treasury Stocks

25 August 2021 02:05 PM Zahraa Maadi becomes largest market-cap real estate developer on EGX

By: Heba El-Kordy  Cairo - Mubasher: Zahraa Maadi Investment and Development's stock rose to a new record level during Wednesday's trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.  By 11:50 a.m. …

Trading Activities

31 March 2021 11:34 AM Zahraa Maadi to pay EGP 0.45/shr dividends for 2020

Cairo – Mubasher: The shareholders of Zahraa Maadi Investment and Development approved a cash dividend of EGP 0.45 per share or a total value of EGP 118.8 million, representing 45% of the paid-up capital. The dividends will be paid in three equal …

General Assembly