Amer Group Sees Lower Profits in H1

Amer Group Holding posted a 54% year-on-year slump in its consolidated profits for the first half of 2019, mainly due to lower sales.

Heliopolis Housing Sells EGP 259 mn Plots in Sheraton 

Heliopolis Company for Housing and Development (HHD) has achieved EGP 259 mn from auctioning plots in Sheraton, Heliopolis, selling about 1,980 square meters of the firm's land bank

Heliopolis Housing Auctions EGP 66.7 mn Plots in Sheraton

Heliopolis Company for Housing and Development (HHD) auctioned on June 17 eight plots in Sheraton, Heliopolis, amounted at EGP 66.7 mn, as part of the company’s scheme to sell part its land portfolio to finance it ...

Market Cap of Listed Real Estate Firms Hits EGP 80.2 bn: Official

Chairman of Egyptian Stock Exchange (EGX) Mohamed Farid said Egypt’s property sector has managed to log a market capitalization of at least EGP 80.2 bn in 2018, with 36 real estate firms listed at an 18% return on ...

Gov’t to Pass Heliopolis Housing Management to Private Investor

Egypt's Ministry of Public Enterprise Sector and Holding Company for Construction and Development have given principal approval to pass management of Heliopolis Company for Housing and Development (HHD) to a strat ...

Heliopolis Housing Sells 1,980-Acre Plot in Sheraton

Cairo-based Heliopolis Housing and Development (HHD) has announced selling a 1,980-acre land plot in Sheraton, Heliopolis, for EGP 99.3 mn at an auction on May 4.

Amer Group Decides to Delist from EGX

Egypt-based property developer Amer Group said its board decided to voluntarily delist the company’s shares from the Egyptian Stock Exchange (EGX).

Palm Hills to Exit Dubai-Based Unit

Palm Hills Developments' board of directors decided to liquidate its subsidiary affiliated to the Dubai Multi Commodities Center (DMCC), Palm Hills International.

ODE Officially Joins EGX30

Orascom Development Egypt (ODE), the largest subsidiary of Orascom Development Holding (ODH) in Egypt, has been officially added to the main Egyptian benchmark index "EGX 30," which includes the top 30 companies l ...

TMG Holding Awarded Egypt’s Top Developer for 2018

Egypt-based property developer Talaat Moustafa Group Holding (TMG Holding) was named "The Top Real Estate Developer in Egypt for 2018," during an honoring ceremony that awarded top 100 companies operating in the E ...

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