Arab Finance: Emaar Misr for Development’s board has unanimously approved appointing BDO Keys Financial Consulting S.A.E. to set the fair value of the company’s and Sky Tower for Real Estate Development's shares and determine the swap ratio between the two companies for Emaar Misr's planned acquisition of the remaining 75% of Sky Tower, as per a disclosure.
The transaction would increase Emaar Misr’s ownership of Sky Tower to up to 100%. The company’s extraordinary general assembly authorized the acquisition through a share swap on July 18, 2024.
BDO Keys is an independent financial adviser registered with the Financial Regulatory Authority (FRA).
It is worth noting that Emaar Misr reported consolidated profits after tax attributable to the parent of EGP 5.555 billion in the first half (H1) of 2026, up 41.93% from EGP 3.914 billion in H1 2025.
Established in 2007, Emaar Misr is engaged in real estate development operations. It undertakes commercial and residential development projects such as residential villages and communities, business centers, malls and shopping complexes, villas, townhouses, and apartments.
