Egypt’s Pharos Holding Targets Deals Worth USD 400 mn

• Thursday, 7th September 2017
• by Farah Montasser

Egypt's Pharos Holding is targeting deals worth EGP 7.5 bn (USD 428 mn) over the next 18 months as it moves into non-banking sectors and enters areas such as real estate financing in 2018

MNHD Extends Deadline to Convert Shares into GDRs

• Thursday, 7th September 2017
• by Farah Montasser

Egyptian urban developer, Madinet Nasr for Housing and Development (MNHD), reveals it has extended the deadline set for shareholders wishing to convert their shares into global depository receipts (GDRs)

Madaar Development launches PAVO in Azha Ain Sokhna

• Thursday, 7th September 2017
• by Farah Montasser

Egypt’s real estate developer, Madaar Development, is launching a new project at the heart of Azha resort community located on the left side of Ain Sokhna

SODIC, CIB Ink EGP 270 mn Credit Facility Agreement

• Tuesday, 5th September 2017
• by Farah Montasser

Egyptian-based Sixth of October for Development and Investment Company (SODIC) announces a new credit facility agreement with Commercial International Bank (CIB)

Heliopolis Housing Sees Higher Profits by July-End

• Tuesday, 29th August 2017
• by Farah Montasser

Egyptian real estate company, Heliopolis for Housing and Development, posts a 256% profit rise by the end of July 2017 compared to the same period of 2016

Marseilia Land El Alamein Delivers its First and Second Phases

• Tuesday, 29th August 2017
• by Farah Montasser

Marseilia Land El Alamein project, affiliated to Marseilia Real Estate Investment, announces the complete delivery of phases I and II in New El Alamein City

Golden Pyramids Plaza Swings to Profits in H1

• Tuesday, 29th August 2017
• by Farah Montasser

The mixed-use real estate development company, Golden Pyramids Plaza, turns profitable in H1 of 2017 compared to the same time last year

Al Ahly for Real Estate Development Unveils New Project

• Sunday, 27th August 2017
• by Farah Montasser

Egypt’s Al Ahly for Real Estate Development announces its latest project in partnership with Al Mostakbal City

SODIC, AAIB Sign Contract to Increase Credit Facility

• Thursday, 24th August 2017
• by Menna A. Farouk

Cairo-based real estate developer Sixth of October Development and Investment Company (SODIC) signs a new contract with Arab African International Bank (AAIB) to increase its credit facility amount, Invest-Gate reports.

Orascom Construction Q2 Consol Profit Falls

• Thursday, 24th August 2017
• by Menna A. Farouk

Cairo-based global engineering and construction contractor Orascom Construction reports consol profit attributable to shareholders dropping to USD 23.7 mn during the second quarter of 2017 from USD 26 mn in the same period one year ago, Invest-Gate reports.