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05 December 08:29 AM

Sector News

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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 …
Real estate
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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
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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 …
Real estate
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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 …
Real estate
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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 …
Banking and Finance
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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 …
Real estate
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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 …
Real estate
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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 …
Real estate
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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 …
Financial Results
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27 February 08:28 PM Amer Group’s consolidated profits up to nearly EGP 74m in 2024
Cairo – Mubasher: Amer Group Holding Company recorded higher consolidated net profits after tax at EGP 73.71 million in 2024, compared to EGP 45.91 million in 2023, according to the financial results. Revenues hiked to EGP 1.41 billion last year …
Financial Results
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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 …
Real estate
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24 February 06:41 PM TMG Holding’s consolidated profits leap 332% in 2024; dividends unveiled
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) logged consolidated net profits after tax and non-controlling interest of EGP 14.46 billion in 2024, an annual hike of 332% from EGP 3.34 billion in 2023. The group’s revenues …
Financial Results
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10 February 11:05 AM SODIC records EGP 2.5bn net profits in 2024
Cairo – Mubasher: Six of October Development and Investment (SODIC) logged net profit after tax and non-controlling interests valued at EGP 2.53 billion in 2024, marking an 84% year-on-year (YoY) leap. The company sold 1,270 units sold last, …
Real estate
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27 January 12:34 PM Madinet Masr, Korra Energy to expedite constructions at Taj City
Cairo – Mubasher: Madinet Masr Housing and Development signed a memorandum of understanding (MoU) with Korra for Energy and Investment Projects to accelerate construction at Taj City, with investments exceeding EGP 480 million. Korra Energi will …
Real estate
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2 December 2024 10:37 AM Madinet Masr, Qalaa Holdings’ ASEC sign EGP 580m agreement
Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings, according to a press release. The two companies will join forces to construct the second phase …
Real estate
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1 December 2024 02:04 PM ElSaeed Contracting logs EGP 90m consolidated profits in 9M-24
Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company recorded consolidated net profits valued at EGP 89.89 million in the first nine months (9M) of 2024. The generated profits were compared with EGP 102.68 million in 9M-23, …
Financial Results
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19 November 2024 03:31 PM GSK Egypt posts EGP 106m consolidated profits in 9M-24
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) registered an annual growth in consolidated net profit after tax to EGP 105.82 million during the first nine months (9M) of 2024, versus EGP 46.73 million. The company generated net sales valued at EGP …
Financial Results
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18 November 2024 01:59 PM Palm Hills reports EGP 130bn sales in 9M-24; profits hike 124%
Cairo – Mubasher: Palm Hills Developments Company registered sales momentum of EGP 130 billion in the first nine months (9M) of 2024, driven by solid demand for new launches and existing projects. Revenues stood at EGP 17.96 billion in 9M-24, …
Financial Results
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18 November 2024 00:26 PM Emaar Misr’s consolidated profits leap to EGP 10.3bn in 9M-24
Cairo – Mubasher: The consolidated net profits of Emaar Misr for Development soared to EGP 10.34 billion in the first nine months (9M) of 2024 from EGP 4.98 billion in 9M-23. The group posted revenues valued at EGP 13.26 billion as of 30 September …
Financial Results
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18 November 2024 09:10 AM TMG Holding’s consolidated profits surpass EGP 9bn in 9M-24
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) posted higher consolidated net profits at EGP 9.06 billion in the first nine months (9M) of 2024, versus EGP 2.69 billion in 9M-23. The development group generated consolidated …
Real estate
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12 November 2024 01:38 PM Madinet Masr’s consolidated profits leap 88% in 9M-24
Cairo – Mubasher: Madinet Masr Housing and Development posted 87.77% higher consolidated net profits after tax and controlling interest at EGP 2.51 billion in the first nine months (9M) of 2024. The recorded net profits were compared with EGP 1.34 …
Real estate
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12 November 2024 11:25 AM Orascom Development Egypt records highest sales at EGP 23.1bn in 9M-24
Cairo – Mubasher: Orascom Development Egypt logged real estate sales amounting to EGP 23.10 billion in the first nine months (9M) of 2024, marking a 77% year-on-year (YoY) increase. The company sustained its positive momentum, achieving impressive …
Real estate
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11 November 2024 01:28 PM Arab Developers logs profits exceeding EGP 224m in 9M-24
Cairo – Mubasher: Arab Developers Holding posted higher consolidated net profits at EGP 225.14 million in the first nine months (9M) of 2024, compared to EGP 89.53 million in 9M-23. The EGX-listed firm generated revenues valued at EGP 1.41 billion …
Financial Results
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3 November 2024 11:59 AM 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