Misr Real Estate Assets Management Company held its general assembly meeting on Thursday, 22 May 2025, chaired by Amr Elhamy, in the presence of board members, Maha Abdel Razek, CEO of Misr Real Estate Assets Management, representatives from the Central Auditing Organization, and financial audit firm BDO, Inest-Gate reports.

The assembly approved the company’s financial statements for the transitional period from 1 July to 31 December 2024.

Abdel Razek stated that the company achieved strong results during the six-month period, surpassing its targeted growth rates. The company recorded a net profit of EGP 245.3 mn, reflecting a 66% increase compared to the same period ending 31 December 2023. Revenue reached EGP 257.9 million, marking a 38% growth. The annual return from the company’s rental investment portfolio stands at EGP 412.3 mn, following successful conversions of old lease agreements into contracts under the 1996 tenancy law.

Abdel Razek added that the company is implementing a digital transformation strategy to enhance operational efficiency. This includes upgrading human resource systems through HITS, reengineering business cycles using ERP software, improving rent collection via POS systems, and automating real estate portfolio management with AMS. The company is also advancing its digital archiving project and leading electronic auction transformation in partnership with BelMazad.

She concluded by highlighting the company’s role in restoring Historic Cairo’s architectural legacy. Through collaboration with public and private stakeholders, the company aims to revitalise Downtown Cairo’s cultural and economic value.