Madinet Masr reported a 36.94% year-on-year (YoY) increase in consolidated profits attributable to the parent company during 2024.

Madinet Misr announced record financial results for 2024, with net profit reaching EGP 2.8 billion, a 33.3% year-on-year (YoY) increase, supported by strong demand and strategic expansions.

Madinet Masr registered sales amounting to EGP 46.1 billion in 2024

Madinet Misr has entered into a strategic partnership with GTCI Constructors for Energy & Infrastructure Projects to enhance infrastructure in the Taj City project in New Cairo for EGP 263 million.

Real estate companies in Egypt shifted focus towards investing in hotel projects to increase their dollar revenue and diversify their portfolios.

Madinet Masr has secured a medium-term revolving syndicated financing worth EGP 9 billion from seven lenders

Madinet Masr has launched the SAFE App, a new application that will reshape the concept of real estate investment

Madinet Masr has signed a memorandum of understanding (MoU) with Ezz Elarab Automotive Group to improve operations at its headquarters and urban communities

Madinet Masr inked a memorandum of understanding (MoU) with El Hazek Construction to accelerate construction progress in Taj City with an investment exceeding EGP 900 million.

Madinat Misr for Housing and Development has signed a memorandum of understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings, to develop the second phase of the infrastructure and road network for the Sarai project in New Cairo.

Madinet Masr has reported an 87.77% year-on-year (YoY) increase in consolidated profits attributable to the parent company during the first nine months of 2024.

Madinet Masr has reported a significant increase in sales, recording EGP 36.7 billion in the first nine months of 2024.

Madinet Masr for Housing and Development has signed a contract with Zahraa El Maadi Investment and Development Company to develop a 42-feddan site in New Heliopolis, as per an emailed press release.

Madinat Misr has entered into a strategic partnership with Redcon Spain Construction Company to expedite the development of the Sarai multi-use project in New Cairo.

Madinet Masr has launched EGP 103 billion worth of projects over the past nine months.

Madinet Masr has launched its new residential project, The Butterfly, in Mostakbal City via its signature community Minka, with sales of up to EGP 64 billion.

Madinet Masr has signed an EGP 650 million memorandum of understanding (MoU) with Smart Construction and Development (SCAD) to develop the Croons section of the Sarai project in New Cairo.

Madinet Masr reported a 150.64% year-on-year (YoY) increase in consolidated profits attributable to the parent company during the first half (H1) of 2024.

Madinet Nasr has announced the preliminary approval of Zahraa El Maadi Investment and Development Company for a co-development residential and commercial project in New Heliopolis City.

A trading transaction has been executed on 20 million shares of Madinet Masr at a value of EGP 82.8 million under the employee stock ownership plan (ESOP).