Arab Finance: Al Shams Housing and Urbanization registered net profits after tax worth EGP 159.780 million, up 5.97% year-on-year (YoY) from EGP 150.773 million, according to the unaudited financial results.

Basic earnings per share (EPS) increased to EGP 0.70 last year from EGP 0.36 in 2023.

The sales hiked to EGP 178.024 million in 2024 from EGP 296.622 million a year earlier.

Al Shams Housing is primarily focused on the purchase and lease operations of lands for the purpose of developing, managing, selling, and leasing out property and buildings.

It also offers contracting, construction, maintenance, and management services to residential, touristic, and administrative structures.

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