Arab Finance: Zahraa Maadi Investment and Development recorded 9.56% year-on-year (YoY) lower net profits after tax at EGP 530.547 million in the first nine months of 2026, according to the financial results.
The earnings generated at the end of September 2029 were compared with EGP 586.660 million.
Net sales jumped to EGP 706.820 million from EGP 679.151 million, while the basic earnings per share (EPS) dropped to EGP 0.44 from EGP 0.48.
In September, the company and Madinet Masr terminated a joint development agreement covering two land plots owned by the latter in New Heliopolis City, East of Cairo.
The terminated contract, originally signed on October 23, 2024, covered the development of an area spanning approximately 41.91 feddans.
