ALDAR to Invest $1.5 bn in Egypt and UAE within Months
Talal Al Dhiyebi, CEO of ALDAR Properties, says that the company is to invest an additional $1.5 bn in Egypt and the UAE, over the following few months, Invest-Gate reports.
MNHD Kicks off Elect in New Cairo
Madinet Nasr for Housing & Development (MNHD) announces the successful launch of phase I of Elect, a new development at the Company’s Taj City project in New Cairo, Invest-Gate reports.
SODIC Submits Non-Binding Offer to Acquire MNHD
Sixth of October Development and Investment Company (SODIC) submits a non-binding offer (NBO) for the potential cash acquisition of up to 100% of the share capital of Madinet Nasr Housing and Development (EGX: MNH ...
Egyptian Real Estate Firms’ Profit Hit by Corona
Egypt’s five biggest listed real estate firms reported a combined profit fall of nearly 31% in the second quarter of 2020 as property sales slowed during the coronavirus crisis
MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement
Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City pr ...
MNHD Nods EGP 30 mn Offer for 98.4% Stake in NUI
State-run Madinet Nasr for Housing and Development (MNHD) has approved an EGP 30 mn offer to sell its 98.4%-owned subsidiary, called Nasr Utilities and Installations (NUI), to an unnamed strategic investor.
Minka Launches EGP 5 bn Project in East Cairo
Minka Development has launched an integrated urban development in east Cairo, called “Kinda,” with planned investments of EGP 5 bn, attempting for completion in 2025.
MNHD Approves Odin’s Due Diligence on El Nasr Civil Works
Madinet Nasr for Housing and Development's (MNHD) board of directors has given Odin Investments approval to commence due diligence on El Nasr Civil Works.
MNHD Nods Total Egypt’s Land Rental Offer in Sarai
Madinet Nasr Housing and Development (MNHD) has nodded a previously-signed 25-year agreement with Total Egypt to lease a 3,000-square-meter land in its New Cairo compound, Sarai, adding up to the latter’s 7,000-sq ...
MNHD’s Presales Jump 83% in H1 2020
Egypt's Madinet Nasr Housing and Development (MNHD) has unveiled that its presales stood at EGP 3.77 bn in H1 2020, going up by 83% YoY from EGP 2.06 bn in the year-ago period.
