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, …
Riyadh – Mubasher: Lana Medical Company has announced that its unit Lana Contracting Company won a contract for restoration, furnishing, and modifications to the buildings of the Peninsula Shield Forces in Hafr Al-Batin. The SAR 7.99 million …
Abu Dhabi – Mubasher: Aldar Properties has announced selling the most expensive apartment in Abu Dhabi for AED 137 million, or AED 96,000 per square meter. The sold unit is a three-bed penthouse at Nobu Residences on Saadiyat Island, according to …
Dubai – Mubasher: The accumulated losses of Union Properties reached AED 2.10 billion at the end of the fourth quarter (Q4) of 2023, accounting for 49.08% of the firm’s capital. The losses are mainly attributed to a fair value loss of AED 2.07 …
Dubai – Mubasher: The board members of Emaar Development approved cash dividends valued at AED 2.08 billion for 2023, according to a bourse filing. The company will disburse a dividend of 52 fils per share, which is still subject to the approval …
Cairo – Mubasher: Orascom Development unveiled strategic leadership changes for its European destinations, including Andermatt Swiss Alps in Switzerland, Luštica Bay in Montenegro, and ECOBOS in the UK. Maher Maksoud will be the CEO of ECOBOS, …
Riyadh – Mubasher: Egypt Gulf Elevators and Escalators Company, a subsidiary of the Saudi Arabian Mayar Holding Company has signed two contracts with Total Air Projects Company with a total value of EGP 840 million. The contracts include supplying …
Riyadh – Mubasher: Saudi Arabian Amiantit Company has signed six contracts for its 100%-owned subsidiaries with several contractors at a total value of SAR 174 million. The contracts include supply and installation of pipes for several strategic …
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company has awarded a tender for a new contracting project in Qena with a value of around EGP 412 million. The project includes the execution of the first phase of the project to …
Cairo – Mubasher: Egyptian real estate company IL Cazar has unveiled its latest residential venture under the name The Crest, which marks the first collaboration with the UAE’s UDC Real Estate Development, the subsidiary of Mohammad Omar bin …
Cairo – Mubasher: Orascom Development Egypt (ODE) recorded net profits valued at EGP 3.10 billion in 2023, marking a 63.50% year-on-year (YoY) leap, according to a press release. The higher profits were driven by record sales of EGP 19.40 billion …
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: TAQA Volt, a subsidiary of TAQA Power which is the electricity operating arm of the listed TAQA Arabia group, has collaborated with Wadi Degla Developments to endorse optimising electric vehicles (EVs) and sustainable living …
By: Abdullah Bedir Cairo – Mubasher: Al Ahly Sabbour Developments seeks to secure loans totalling approximately EGP 450 million in 2024, said the company’s Chairman Ahmed Sabbour. Speaking at a conference today, Sabbour disclosed that the company …
Cairo – Mubasher: The Egyptian government has granted the Golden License, in coordination with the General Authority for Investment and Free Zones (GAFI), to Nilus for Hotel and Commercial Services as well as Nilus for Residential Services, which …
Dubai – Mubasher: The board members of Deyaar Development approved cash dividend distribution for the first time in the company's history, according to a press release. The board recommended distributing 4% of the share capital as dividend, which …
Cairo – Mubasher: Pioneers Properties for Urban Development shifted towards consolidated profitability during 2023, recording a net profit after tax of EGP 556.97 million, compared to a net loss of EGP 81.08 million in 2022. The company’s …
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: Emaar Misr for Development logged a consolidated net profit after tax of EGP 6.81 billion in 2023, versus EGP 6.56 billion a year earlier. Consolidated revenues grew to EGP 15.09 billion last year from EGP 14.73 billion in 2022, …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) announced completing all procedures for the acquisition of a 51% stake in the management rights of Legacy Hospitality and Touristic Projects, which owns seven historic hotels in …
Mubasher: Saudi Sumou Holding and Hassan Allam inked a development agreement for key investment opportunities in the real estate sector, according to a press release. ADEER International Egypt, a subsidiary of ADEER Holding and Sumou Holding, …
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company posted a consolidated net profit after income tax of EGP 119.08 million in 2023 from EGP 104.01 million last year. Operations revenue increased to EGP 2.69 billion last year …
Cairo – Mubasher: The net consolidated profit after income tax and non-controlling equities of Palm Hills Developments Company registered EGP 1.58 billion in 2023, up from EGP 1.25 billion a year earlier. Revenues jumped to EGP 17.46 billion last …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) posted a 44% year-on-year (YoY) surge in consolidated net profits after taxes and non-controlling interests to EGP 3.31 billion in 2023 from EGP 2.30 billion. The company’s …