Madinet Masr For Housing and Development (MASR)

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News

29 September 2025 03:32 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

15 June 2025 04:21 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 …

Real estate

11 March 2025 11:11 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 …

Real estate

27 January 2025 01:34 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

2 December 2024 11:37 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

12 November 2024 02:38 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

29 October 2024 10:31 AM Madinet Masr’s sales hit EGP 36.7bn in 9M-24

Cairo – Mubasher: Madinet Masr Housing and Development registered a strong financial performance during the first nine months (9M) of 2024, according to a press release. The company generated a leap in sales, achieving a total nominal value of EGP …

Financial Results

15 October 2024 01:16 PM Madinet Masr, Redcon Spain collaborate for Sarai project with investment exceeding EGP 600m

Cairo – Mubasher: Madinet Masr Housing and Development has signed a strategic partnership with Redcon Spain Construction to accelerate construction work in the Sarai mixed-use project in New Cairo. Under this partnership, Redcon Spain will handle …

Companies Investments

23 September 2024 03:26 PM Madinet Masr announces EGP 103bn development projects

Cairo – Mubasher: Madinet Masr Housing and Development unveiled a number of real estate projects during the past nine months with a combined value of EGP 103 billion, according to a bourse disclosure. These projects include the Butterfly project …

Companies Investments

9 September 2024 03:25 PM Madinet Masr eyes EGP 64bn sales from Butterfly project

Cairo – Mubasher: Madinet Masr Housing and Development has launched its latest project Butterfly, through its subsidiary Minka, according to a press release. The development scheme, which is expected to generate sales reaching EGP 64 billion, …

Companies Investments

27 August 2024 10:30 AM Madinet Masr, SCAD team up for EGP 650m development project

Cairo – Mubasher: Madinet Masr Housing and Development signed a memorandum of understanding (MoU) with Smart Construction and Development (SCAD) for the Sarai multi-purpose project in New Cairo with a contractual value of EGP 650 million. This …

Real estate

13 August 2024 11:35 AM Madinet Masr’s contracted sales hit EGP 20.9bn in H1-24; profits jump 149.5%

Cairo – Mubasher: The consolidated net profits of Madinet Masr Housing and Development hiked by 149.40% to EGP 1.45 billion in the first half (H1) of 2024, compared to EGP 584.70 million in H1-23. Revenues amounted to EGP 4.30 billion in H1-24, …

Real estate

31 July 2024 01:05 PM Zahraa Maadi gives preliminary approval for 42-acre project with Madinet Masr

Cairo – Mubasher: Zahraa Maadi Investment and Development has provided preliminary approval for a co-development project with Madinet Masr Housing and Development in New Heliopolis City. The project is situated on 41.90 acres and will fit …

Companies Investments

23 July 2024 11:24 AM Madinet Masr eyes EGP 64bn revenues from Mostakbal City project

Cairo – Mubasher: Madinet Masr Housing and Development and Midar for Investment and Urban Development penned a partnership agreement for an integrated residential urban project in phase four of Mostakbal City. The total expected revenue for the …

Real estate

15 July 2024 09:52 AM Madinet Masr, Heliopolis Housing to develop mega project in New Heliopolis

Cairo – Mubasher: Madinet Masr Housing and Development has announced the signing of a co-development project in New Heliopolis City with Heliopolis Housing and Development Company, known as Misr Al-Gadida for Housing and Development. The project …

Companies Investments

8 July 2024 00:29 PM Madinet Masr pens MoU for construction of EGP 1bn Sarai project

Cairo – Mubasher: Madinet Masr Housing and Development has signed a memorandum of understanding (MoU) with Aboelwafa Contracting and Real Estate Investment Company to execute the construction work of the Sarai project. The MoU covers the …

Companies Investments

9 June 2024 02:15 PM Madinet Masr, CIRA Education introduce Project Kayan in Taj City

Cairo – Mubasher: Madinet Masr Housing and Development has announced Project Kayan in collaboration with Lemania Swiss International School (LSIS), managed by CIRA Education’s subsidiary Eduhive, and Klub Kayan, operated by Blue Ribbon in Taj …

Real estate

26 May 2024 03:43 PM Madinet Masr’s consolidated profit soars 287% YoY in Q1-24; contracted sales near EGP 15bn

Cairo – Mubasher: Madinet Masr Housing and Development logged a consolidated net profit after tax and non-controlling interest of EGP 1.17 billion in the first quarter (Q1) of 2024, a 287.53% year-on-year (YoY) surge from EGP 304.36 million. …

Financial Results

22 May 2024 09:11 AM Madinet Masr unveils EGP 70bn development investments

Cairo – Mubasher: Madinet Masr Housing and Development plans to invest EGP 70 billion in non-residential projects within the Taj City and Sarai projects, The development schemes span 1.5 million square metres and will be implemented within 10 …

Companies Investments

1 May 2024 02:09 PM Madinet Masr launches Sheya project, achieves EGP 5.1bn in sales

Cairo – Mubasher: Madinet Masr Housing and Development has launched the Sheya project in Sarai, its mega mixed-use development. Located on a 228,212 square metre area near the New Administrative Capital, Sheya includes 744 mixed-use residential …

Real estate

18 April 2024 00:22 PM Madinet Masr to start dividends payment in May 2024

Cairo – Mubasher: The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023. The dividends are set to be paid in two instalments, the first of which amounts to …

Cash Dividends

15 April 2024 03:25 PM Three companies propose to participate in New Heliopolis City project

Cairo – Mubasher: The New Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis …

Real estate

24 March 2024 03:28 PM Madinet Masr negotiating banks for credit facilities

Cairo – Mubasher: Madinet Masr Housing and Development is in talks with a syndicate of banks for credit facilities to fund its commercial projects. Official contracts will be signed upon the finalisation of the negotiations, Madinet Masr stated, …

Banking and Finance

18 March 2024 03:30 PM Madinet Masr considers purchase of 400 feddans in North Coast – CEO

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 …

Companies Investments

18 March 2024 01:20 PM Madinet Masr Innovation Labs unveils Theqa property warranty solution

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, …

Real estate