Real Estate

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29 September 02:32 PM Madinet Masr fuels expansion plans via $5m investments

Cairo – Mubasher: Madinet Masr Housing and Development announced plans to establish real estate development projects outside Egypt, according to a bourse disclosure. The group’s board approved injecting investments of nearly $5 million to boost …

29 September 01:09 PM ONE Development enters Egyptian market to expand regional expansion

Cairo - Mubasher: UAE-based ONE Development has officially entered Egypt's real estate market with the launch of DO New Cairo, according to a press release. In partnership with global music icon Amr Diab, the flagship hospitality project’s …

Companies Investments

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29 September 11:17 AM The Marq boosts Egypt’s development projects with EGP 4bn investment

Cairo - Mubasher: The Marq is accelerating construction and delivery across its residential communities, backed by an additional EGP 4 billion investment, bringing its total investment in 2025 to EGP 12 billion. The company aims to deliver over …

29 June 02:00 AM Sakan Developments launches EGP 4.8bn Park-U project in El Shorouk City

Cairo – Mubasher: Sakan Developments has launched its flagship project, Park-U, in El-Shorouk City, with investments exceeding EGP 4.80 billion, according to a press release.The launch is part of the group’s expansion plan aimed at creating integrate

29 June 02:00 AM Madinet Masr’s investment platform SAFE attracts EGP 300m since launch

Cairo – Mubasher: Secure Assets for Fixed Earnings(SAFE), the real estate investment platform of Madinet Masr Housing and Development, has handled transactions totaling EGP 300 million in inventory value.SAFE facilitated the sale of more than 5,600 p

23 June 02:00 AM Paragon Developments launches office in Riyadh to expand regional footprint across MENA

Cairo – Mubasher: Paragon Developments, Egypt’s leading regenerative mixed-use developer, has inaugurated its first regional office in Saudi Arabia, according to a press release.Located in Riyadh, the development scheme aligns with the company’s comm

15 June 03:21 PM Madinet Masr, Waheej mull developing JV in Saudi Arabia

Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …

Companies Investments

11 June 10:51 AM TMG Holding eyes EGP 120bn sales from Sharm Bay project

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) aims to generate total sales of EGP 120 billion from the Sharm Bay project over its lifespan, according to a bourse disclosure. Located near the group-owned Four Seasons Resort …

3 June 07:48 AM FABMISR arranges EGP 4.2bn loan for Redcon Properties

Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …

20 May 08:11 AM TMG Holding boosts regional expansion via development deal with Oman

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …

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23 April 05:52 PM Global group Hilton pens 2 development deals in Egypt

Mubasher: Global hotels and resorts group Hilton signed two new properties in Cairo’s New Administrative Capital (NAC) in partnership with Panax Company, part of Selim Holding Group, according to a press release. Expected to open in 2028, Hilton …

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15 April 04:45 PM Majid Al Futtaim launches EGP 15bn project in West Cairo

Mubasher: Majid Al Futtaim has launched its Junction project, its first-ever business park in Egypt, with investments of EGP 15 billion, according to a press release. Located next to the Mall of Egypt in West Cairo, the launch supports the …

UAE Ministry of Finance

10 April 11:53 PM UAE Cabinet issues decision on non-residence’s nexus linked to corporate tax law

UAE – Mubasher: The UAE Ministry of Finance has announced a new decision that specifies the cases in which a non-resident juridical investor in a Qualifying Investment Fund (QIF) or Real Estate Investment Trust (REIT) is considered to have a nexus …

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10 April 05:31 AM Palm Hills’ subsidiary to secure EGP 1.3bn loan from Banque Misr

Cairo – Mubasher: Middle East for Real Estate and Tourism Investment LLC, a subsidiary of Palm Hills Developments Company, is set to secure a long-term syndicated loan facility with a maximum EGP 1.30 billion from Banque Misr. The unit will …

Companies Investments

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6 April 11:18 AM Pioneers Properties generates higher consolidated profits at EGP 1.2bn in 2024

Cairo – Mubasher: Pioneers Properties for Urban Development achieved consolidated net profits after tax worth EGP 1.26 billion at the end of December 2024, up year-on-year (YoY) from EGP 556.97 million. Earnings per share (EPS) for the holding …

Financial Results

Ras El-Hekma

1 April 04:09 PM Modon collaborates with Elsewedy Industrial Development for Egypt’s Ras El-Hekma

Abu Dhabi – Mubasher: The UAE’s Modon Holding has teamed up with Elsewedy Industrial Development to build and operate a new industrial zone for the Ras El-Hekma city megaproject in Egypt, according to a press release. The two companies signed a …

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27 March 09:06 AM TMG Holding, Alameda Group partner for EGP 5bn hospital in Madinaty

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) entered into a strategic partnership with Alameda Group to develop premium-quality medical and healthcare services in several of the group's projects. Alameda will manage and …

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26 March 04:18 PM Orascom Construction logs $7.6bn backlog in 2024

Cairo – Mubasher: Orascom Construction recorded a consolidated backlog of $7.60 billion and a pro forma backlog including a 50% share in BESIX of $11.90 billion as of 31 December 2024. Revenues hit $3.25 billion in 2024, while the adjusted EBITDA …

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16 March 08:33 AM ADFD rolls out AED 440m Sofitel project in Egypt

Mubasher: The Abu Dhabi Fund for Development (ADFD) has launched the Sofitel Legend Pyramids Giza project in Egypt, with investments of AED 440 million ($120 million), Emirates News Agency (WAM) reported. The launch is a part of the fund’s efforts …

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11 March 10:11 AM Madinet Masr reports higher consolidated profits at EGP 2.9bn in 2024

Cairo – Mubasher: Madinet Masr Housing and Development logged consolidated net profits after tax worth EGP 2.91 billion in 2024, an annual leap of 36.94% from EGP 2.12 billion. The real estate developer generated sales worth EGP 8.46 billion in …

Financial Results

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9 March 08:49 AM Palm Hills unveils EGP 3.2bn consolidated profits in 2024, regional expansion plans

Cairo – Mubasher: Palm Hills Developments Company registered 106% higher consolidated net profits after tax and minority interest at EGP 3.25 billion in 2024, compared to EGP 1.58 billion. Earnings per share (EPS) increased to EGP 1.12 last year …

Financial Results

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4 March 04:21 PM DAMAC Properties joins ADIB to facilitate home ownership for UAE residents

Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has teamed up with DAMAC Properties to introduce a home financing solution enabling UAE residents to secure financing for off-plan properties once construction reaches 35% completion. This makes …

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2 March 08:50 AM Emaar Misr records EGP 15.4bn consolidated profits in 2024

Cairo – Mubasher: Emaar Misr for Development generated consolidated net profits after tax valued at EGP 15.40 billion in 2024, an annual hike from EGP 6.81 billion. Basic and diluted earnings per share (EPS) recorded EGP 3.31 last year, up from …

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27 February 06:14 AM Palm Hills to develop wholly owned firm in UAE

Cairo – Mubasher: Palm Hills Developments Company is set to establish a fully owned limited liability company in the Abu Dhabi Global Market (ADGM). The board members approved the plan during their meeting that was held on 25 February, according …