Emaar Misr for Development SAE (EMFD)

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News

18 November 2024 01:26 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

18 August 2024 11:57 AM Emaar Misr records higher net profits in H1-24; assets hit EGP 98.6bn

Cairo – Mubasher: Emaar Misr for Development posted consolidated net profits amounting to EGP 7.64 billion in the first half (H1) of 2024, versus EGP 3.48 billion in H1-23. Net revenues reached EGP 5.60 billion in H1-24, down year-on-year (YoY) …

Real estate

13 June 2024 00:51 PM FRA greenlights Emaar Misr’s capital raise to acquire 2 development firms

Cairo – Mubasher: The Financial Supervisory Authority (FRA) of Emaar Misr for Development approved the company’s request to raise its issued capital by EGP 3.19 billion. The EGX-listed firm will acquire Albro North Coast for Developments and …

Real estate

14 May 2024 03:32 PM Emaar Misr’s consolidated profit leaps to EGP 5.7bn in Q1-24

Cairo – Mubasher: Emaar Misr for Development registered a consolidated net profit after tax of EGP 5.73 billion in the first quarter (Q1) of 2024, a surge from EGP 2.22 billion in the similar period a year earlier. Revenues, meanwhile, declined to …

Real estate

3 March 2024 01:29 PM Emaar Misr records EGP 6.8bn consolidated profit in 2023

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, …

Real estate

16 November 2023 04:32 PM Emaar Misr achieves EGP 4.98bn consolidated profits in 9M-23

Cairo – Mubasher: The consolidated net profits after tax of Emaar Misr for Development increased year-on-year (YoY) to EGP 4.98 billion in the first nine months (9M) of 2023 from EGP 4.89 billion. The company posted revenues amounting to EGP 10.58 …

Real estate

21 August 2023 00:50 PM Emaar Misr inaugurates EGP 5bn hotel in Egypt’s North Coast

Cairo – Mubasher: Emaar Misr for Development has inaugurated the Address Beach Resort Marassi in Egypt’s North Coast, with an investment of EGP 5 billion. This marks Egypt's second hotel and resort under the Address Hotels and Resorts brand, …

Real estate

1 June 2023 04:17 PM Emaar Misr’s net profits hike to EGP 2.22bn in Q1-23

Cairo – Mubasher: The net profits after tax of Emaar Misr for Development grew to EGP 2.22 billion in the first quarter (Q1) of 2023, compared to EGP 1.58 billion in Q1-22. The firm recorded a year-on-year (YoY) decline in revenue to EGP 1.86 …

Financial Results

8 March 2023 09:33 AM Emaar Misr logs EGP 6.56bn net profits in 2022

Cairo – Mubasher: Emaar Misr for Development recorded a surge in net profit after tax to EGP 6.56 billion in 2022, compared to EGP 4.11 billion in 2021. Revenues hiked to EGP 14.73 billion last year from EGP 11.08 billion during the …

Real estate

17 November 2022 03:14 PM Emaar Misr’s profits hike to EGP 4.89bn in 9M-22

Cairo – Mubasher: The net profits after tax of Emaar Misr for Development enlarged to EGP 4.89 billion in the first nine months (9M) of 2022, compared to EGP 2.81 billion in 9M-21. Basic and diluted earnings per share (EPS) stood at EGP 1.05 in …

Financial Results

18 September 2022 00:34 PM Emaar Misr’s board nods to credit facility deals for Soul project

Cairo – Mubasher: The board of directors of Emaar Misr for Development has approved credit facilities agreements to cover the company’s future financing needs. The board further approved future expansions of the Soul project as per the partnership …

Banking and Finance

28 August 2022 11:11 AM Emaar Misr buys 25% of Eagle Hills’ capital

Cairo – Mubasher: Emaar Misr for Development announced signing a partnership contract with Eagle Hills Egypt for Projects and Investment Management, acquiring 25% of Eagle Hills’ capital, according to a bourse statement on Sunday.  In June 2022, …

Real estate

15 August 2022 11:23 AM Emaar Misr’s profits skyrocket to EGP 3.08bn in H1-22

Cairo – Mubasher: The consolidated net earnings of Emaar Misr for Development surged by 131.55% on an annual basis during the first half (H1) of 2022 to EGP 3.08 billion, including minority shareholders’ rights. This is compared to net profits of …

Financial Results

22 June 2022 00:00 PM Emaar Misr for Development's OGM approves partnership with Eagle Hills for project

Cairo – Mubasher: The ordinary general meeting (OGM) of Emaar Misr for Development has approved a partnership with Eagle Hills in developing a residential, tourist, and commercial project in the North Coast region. To participate in the project, …

Real estate

29 May 2022 01:36 PM Emaar Misr for Development records surge in Q1-22

Cairo – Mubasher: The consolidated net profits of Emaar Misr for Development hiked to EGP 1.58 billion in the first quarter (Q1) of 2022, compared to EGP 529.12 million in the year-ago period. The company's revenues reached EGP 2.57 billion in …

Financial Results

8 March 2022 11:01 AM Emaar Misr for Development's profits surge 118% in 2021

Cairo – Mubasher: Emaar Misr for Development recorded a 117.8% year-on-year (YoY) surge in the consolidated net profits to EGP 4.11 billion in 2021, compared to EGP 1.89 billion, including minority shareholders' rights. The company's revenues …

Financial Results

19 December 2021 06:15 PM Elsewedy Electric’s subsidiary signs deals for nearly EGP 1.6bn projects

Cairo – Mubasher: Rowad Modern Engineering (RME), a 51%-owned subsidiary of Elsewedy Electric Company, signed two agreements with both Emaar Misr for Development and Newgiza for developments worth a combined value of EGP 1.59 billion, according to …

Companies Investments

2 November 2021 11:04 AM Emaar Misr for Development's 9M profit surges 138%

Cairo – Mubasher: Emaar Misr for Development reported consolidated net profits of EGP 2.81 billion in the first nine months of 2021, up by 138% year-on-year (YoY) from EGP 1.183 billion, including minority shareholders' rights.  The revenues …

Financial Results

6 October 2021 02:02 PM Emaar Misr allows non-executive board members to contribute to similar companies

Cairo – Mubasher: The ordinary general meeting (OGM) of Emaar Misr for Development approved a decision to allow non-executive board members to invest, manage, and serve as executive or non-executive board members of other companies.  The decision …

Corporate Actions

3 August 2021 11:22 AM Emaar Misr's profit hikes 103% in H1-21

Cairo - Mubasher: Emaar Misr for Development recorded net profits of EGP 1.33 billion in the first half (H1) of 2021, up by 102.6% year-on-year (YoY) from EGP 656.55 million, including minority shareholders' rights.  The revenues soared to EGP …

Financial Results

13 June 2021 00:04 PM Emaar Misr posts 114% higher profits in Q1

Cairo – Mubasher: Emaar Misr for Development reported higher profits during the first quarter (Q1) of the year by 113.73%, as shown by the company’s financial results. The company achieved a profit of EGP 529.12 million during the first three …

Financial Results

1 April 2021 00:51 PM Emaar Misr not to pay dividends for 2020

Cairo – Mubasher: The ordinary general meeting (OGM) of Emaar Misr for Development approved a proposal to cancel dividends for 2020. Some shareholders voted against the no-dividend decision as the company was profitable last year, according to a …

Corporate Actions

25 March 2021 11:30 AM Emaar Misr to build new residential project with EGP 37.8bn investment

Cairo – Mubasher: Emaar Misr for Development signed a contract with the New Urban Communities Authority (NUCA) to acquire a 500-feddan land in Sheikh Zayed to build an integrated residential project. The value of investments in the project is …

Real estate

7 March 2021 00:26 PM Emaar Misr for Development's profit inches down in 2020

Cairo – Mubasher: Emaar Misr for Development reported consolidated net profits of EGP 1.67 billion in 2020, down by 3.4% year-on-year (YoY) from EGP 1.73 billion, including minority shareholders’ rights.  Revenues declined to EGP 4.68 billion last …

Financial Results

4 February 2021 11:39 AM Emaar Misr agrees with Hassan Allam, Orascom Construction to build hotels in North Coast

Cairo – Mubasher: Emaar Misr for Development has signed contracts with Hassan Allam Holding and Orascom Construction Plc to build two hotels on the North Coast in Egypt. Under an EGP 1.207 billion contract, Hassan Allam will construct a five-star …

Companies Investments