Arab Developers Holding secures EGP 986.6M in a capital increase with 98.66% coverage, backed by strong investor confidence in Egypt’s market.
Madinet Masr, one of Egypt's leading urban developers, will trade under the new stock ticker MASR.CA starting Tuesday after receiving approval from the Egyptian Exchange's listing committee, Invest-Gate.
The real estate sector tops the trading value of the sectors traded on the Egyptian Exchange in August 2022, with a trading value of EGP 7.1 bn and a trading volume of EGP 4.6 bn shares, Invest-Gate reports.
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
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