Arab Finance: Net profits after tax of Misr El-Gedida for Housing and Development soared by 111.49% year-on-year (YoY) to EGP 1.354 billion in the first half (H1) of 2026 from EGP 640.291 million, according to the financial results.
Operating revenues climbed to EGP 2.240 billion from EGP 732.797 million.
Established in 1906, Heliopolis Housing is an Egypt-based public shareholding company engaged in construction and housing projects. The Company’s operations include land reclamation and subdivision, residential real estate development and management, real estate properties purchase and sale, real estate projects planning and supervising, as well as constructing houses, hotels, holiday resorts, and hospital properties.