Arab Developers Holding announced solid financial and operational results for the third consecutive year, reporting EGP 4.6 bn in sales during 2024, Invest-Gate reports.

The company also unveiled plans to expand into Jordan and Morocco, alongside ongoing development of smart, integrated residential projects across Egypt.

Led by CEO and Managing Director Ayman Bin Khalifa, the company’s strategy focuses on optimising its land portfolio and identifying new investment opportunities to maximise shareholder returns and meet market demand for world-class residential and commercial developments.

The group sold 1,137 units spanning a total of 141,000 sqm in 2024. Net revenues reached EGP 1.6 bn, up 130% year-on-year, while gross profit surged 145% to EGP 585 mn. Operating profit (EBIT) hit EGP 210 million with a remarkable 272% growth, and net profit stood at EGP 92 mn.

Operationally, Arab Developers Holding delivered 491 units across approximately 84,000 sqm last year. In Q4 alone, the company handed over 281 units covering 31,000 sqm—outpacing the 203 units delivered in the same quarter of 2023.

Commenting on the results, Dr Ayman Bin Khalifa said the group achieved its 2024 investment targets, including accelerating construction works to boost current and future revenues, and introducing new services to diversify income streams while meeting residents’ needs.

He added that the company is committed to integrating sustainability principles into its growth strategy by aligning investment activities with environmental standards across its projects.