Arab Finance: Zahraa Maadi Investment and Development’s (ZMID) net profit grew by 6.66% year-on-year (YoY) during the first half (H1) of 2023, according to the financial indicators filed to the Egyptian Exchange (EGX) on August 2^nd.

The company’s net profit after tax rose to EGP 117.037 million in H1 2023 from EGP 109.727 million in the same period a year before.

Zahraa Maadi is an Egypt-based public shareholding company engaged in real estate development, construction, contracting, urbanization, housing, and tourism, as well as other investment activities.

The listed firm is involved in the construction and development of residential and commercial buildings, as well as the purchase, sale, and reclamation of lands and properties.

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