TMG Logs 23% Profits Surge in H1 2021

The aggregate financial indicators of Talaat Moustafa Group Holding (TMG) reveal that the company's net profits jumped 23.16% YoY in H1 2021, hitting EGP 869.38 mn, up from the EGP 705.85 mn achieved in H1 2020.

Egypt’s Remco Aims to Secure EGP 3.3 bn Co-Financing

EGX-listed Remco for Tourism Villages Construction has joined forces with its subsidiaries and sister companies to secure EGP 3.3 bn worth of long-term co-financing.

Hassan Allam Raises Stake in SODIC to 3.9%

Egypt's real estate developer Hassan Allam Properties (HAP) has upped its stake in the Sixth of October for Development and Investment Company (SODIC) to 3.9% from 2.22%.

Heliopolis Housing Expects EGP 562.129 mn Profits in FY 2020/21

Heliopolis Company for Housing and Development modified its targeted net profit for FY 2020/2021 to be EGP 562.129 mn instead of EGP 1.214 bn

Zahraa Maadi Eyes Integrated Compound in New Heliopolis

Egypt-based Zahraa Maadi Investment and Development plans to build a 34-acre integrated residential and commercial development in New Heliopolis, east Cairo.

Gov’t to Sell 22-25% of Heliopolis Housing Shares in Q1: Minister

Public Enterprise Minister Hesham Tawfik said 22-25% of shares in Heliopolis Company for Housing and Development (HHD) will be offered on the Egyptian Stock Exchange (EGX) in the first quarter of 2020.

HHD Calls for Private Partner to Take Over Management

Heliopolis Housing and Development (HHD) announced its invitation for private investors to qualify as eligible bidders to take over the company's management

SODIC Eyes 10% Stake in Heliopolis Housing: CEO

Sixth of October Development and Investment Company (SODIC) eyes buying a 10% stake in state-run Heliopolis Company for Housing and Development (HHD), coming after the government had nodded passing the latter's ma ...

Palm Hills Appoints Mohamed Fahmy as COO

Egypt's real estate development company Palm Hills Developments (PHD) has appointed Mohamed Fahmy as Chief Operating Officer (COO) and an executive member of its board of directors, with immediate effect

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