Real estate

Cross-listed Orascom Construction is testing significant support level – Analysis

25 December 06:43 PM Cross-listed Orascom Construction is testing significant support level – Analysis

Cairo – Mubasher: The stock of Orascom Construction is currently experiencing a downward trajectory, supported by continued trading below the moving average. However, the price has managed to show positive signals from a significant demand area …

ElSaeed Contracting stock witnesses emergence of buying power

25 December 06:02 PM ElSaeed Contracting stock witnesses emergence of buying power

Cairo – Mubasher: Technical analysis by Mubasher Trade Research indicates that the stock of ElSaeed Contracting and Real Estate Investment Company is moving in a strong upward trajectory in the current period, as it has succeeded in recording …

Trading Activities

IMKAN and Majestic Group

24 December 06:39 PM IMKAN acquires 51% of Majestic Group to endorse regional infrastructure, development businesses

UAE – Mubasher: Abu Dhabi Capital Group’s (ADCG) subsidiary IMKAN has acquired a 51% stake in Majestic Marine Investments Group, which is focused on marine engineering and marina construction and operates across the UAE and Saudi Arabia. Majestic …

Mergers and Acquisitions

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22 December 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m

Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …

Photo Archive

21 December 03:12 PM Tamweel issues Middle East’s 1st Mudaraba Sukuk to finance EGP 5.5bn acquisition deal

Cairo - Mubasher: Tamweel Mortgage Finance has raised EGP 5.52 billion through the issuance of the Middle East’s first Mudaraba sukuk, according to a press release. The offering aims will be used to acquire under-construction residential units …

Companies Investments

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21 December 10:16 AM Modon unveils Abu Dhabi’s largest construction contract in 2025 at AED 2bn

Abu Dhabi - Mubasher: Modon Holding has awarded the main construction contract for two of its residential developments on Hudayriyat Island, with a total value of AED 5 billion. This contract is the largest awarded for residential in Abu Dhabi in …

Photo Archive

18 December 10:39 PM Alramz Real Estate rolls out SAR 382.5m agreement following listing on Tadawul

Riyadh - Mubasher: Alramz Real Estate Company purchased several plots of land, with a total area of 15,293 square meters, in Riyadh City on King Salman Road. The transaction was priced at SAR 25,000 per square meter in Al Qirawan District, …

Photo Gallery

16 December 09:15 AM Binghatti, Mercedes-Benz to launch 1st branded city in Dubai at AED 30bn

UAE - Mubasher: Binghatti Developers, Dubai’s largest and fastest-growing property developer, and Mercedes-Benz, unveiled the Mercedes-Benz Places – Binghatti City, a joint development with an investment value of AED 30 billion. The new project …

Photo Archive

15 December 04:54 PM Al Majdiah inks SAR 85m residential development deal in Riyadh

Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) has signed a development agreement with the Jadwa Al-Manzel Real Estate Fund to establish a residential compound in Riyadh’s Hittin district. Spanning 14,709 square meters (sqm), the …

Mirdad Project

15 December 10:37 AM Union Properties launches AED 2bn Mirdad project

Dubai - Mubasher: Union Properties has officially broken ground on its Mirdad project at AED 2 billion in Dubai Motor City, according to a press release The launch marks the company’s second landmark development in the area, supporting its growth …

Companies Investments

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14 December 06:28 PM Palm Hills to develop new hospitality project in West Cairo

Cairo - Mubasher: Palm Hills Developments Company has signed an agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills, a luxury hospitality project in West Cairo. The hotel will feature 150 luxury guestrooms, …

Companies Investments

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11 December 02:08 PM Palm Hills inks EGP 866m deal with Incolease, authorizes brand license in UAE

Cairo - Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments Company approved entering into a financial lease deal with International Company for Leasing (Incolease) at a value up to EGP 865.93 million, according to a bourse …

Maysan Project

11 December 12:31 PM Modon Holding awards AED 1bn construction contract for Maysan project

Abu Dhabi - Mubasher: Modon Holding has awarded a contract for executing the Maysan project on Reem Island to Trojan Construction Group, at a total value of AED 1 billion. The award covers the construction of two modern and fully integrated …

Bashayer

10 December 01:45 PM Modon Holding attracts AED 3bn sales from Bashayer project within one day

Abu Dhabi - Mubasher: Modon Holding has completed the sell-out of Bashayer, the first waterfront residential community on Hudayriyat Island, within one day of the launch. The group registered AED 3 billion in sales amid exceptional demand, …

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9 December 04:00 PM Orascom Construction's board approves capital increase to over $207.4m

Cairo - Mubasher: Orascom Construction's board of directors decided to raise the issued capital to $207.44 million (AED 761.32 million) from $110.24 million (AED 404.59 million). The capital increase value will be carried out by issuing 97.20 …

Companies Investments

Al Vista Project

9 December 03:59 PM Dubai Investments launches AED 1.3bn Al Vista mixed-use development project

Dubai - Mubasher: Dubai Investments has launched Al Vista, a landmark mixed-use development valued at AED 1.30 billion, which is set to redefine urban living in Meydan Horizon. The development scheme integrates premium residences, commercial …

Companies Investments

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8 December 04:38 PM Orascom Development unveils Makadi Heights' agreement with Egyptian government

Cairo - Mubasher: Makadi Heights for Tourism Development Company, a subsidiary of Orascom Development Egypt, has signed an agreement with the Egyptian government to develop a new 1.02 million square meters (sqm) land plot adjacent to the existing …

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8 December 10:29 AM Aldar, Mubadala launch AED 60bn expansion of Al Maryah Island project

Abu Dhabi - Mubasher: Aldar Properties and Mubadala Investment Company launched a joint venture (JV) to expand Al Maryah Island, with a gross development value exceeding AED 60 billion. The JV further anchors Abu Dhabi’s global position as the …

NBK Wealth

4 December 05:24 PM NBK Wealth – KSA acquires land plot to develop SAR 300m mixed-use property

Riyadh – Mubasher: NBK Wealth – KSA, affiliated to NBK Wealth Group, has strengthened its presence in Saudi Arabia by taking over a prime land plot to build a mixed-use property at a total development cost of approximately SAR 300 million ($80 …

Photo Archive

2 December 09:41 PM Egyptian Resorts turns to EGP 103m consolidated net profits in 9M-25

Cairo - Mubasher: Egyptian Resorts Company, known as ERC, reported consolidated net profits after tax worth EGP 102.86 million in the first nine months (9M) of 2025, versus net losses after tax of EGP 556.49 million in 9M-24. The earnings per …

Financial Results

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2 December 08:14 PM Cairo Housing registers 94% lower consolidated net profits in 9M-25

Cairo - Mubasher: Cairo for Housing and Development Company posted an annual plunge of 94.23% in consolidated net profits after tax to EGP 66.82 million during the first nine months (9M) of 2025, compared to EGP 1.16 billion. The earnings per …

Mena stock tests key resistance level on back of buying power

2 December 04:08 PM Mena stock tests key resistance level on back of buying power

Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Mena Touristic and Real Estate Investment opened its trading at EGP 4.66, where it found strong support at the lower boundary of the ascending …

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1 December 06:26 PM United Housing’s consolidated net profits exceed EGP 174.5m in 9M-25

Cairo - Mubasher: The consolidated net profits after tax of United Company for Housing and Development (United Housing) reached EGP 174.58 million in the first nine months (9M) of 2025, reflecting a year-on-year (YoY) surge from EGP 88.18 million. …

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30 November 06:04 PM Copper for Commercial Investment swings to EGP 7m net losses in 9M-25

Cairo - Mubasher: Copper for Commercial Investment and Real Estate Development shifted to net losses after tax of EGP 7.09 million in the first nine months (9M) of 2025, versus net profits after tax worth EGP 3.72 million in 9M-24. The loss per …

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30 November 05:44 PM Giza Contracting’s consolidated net profits leap to EGP 140m in 9M-25

Cairo - Mubasher: The consolidated net profits after tax of Giza General Contracting and Real Estate Investment Company reached EGP 140.07 million in the first nine months (9M) of 2025, reflecting a year-on-year (YoY) surge from EGP 33.22 million. …