MNHD Secures EGP 2.1 bn Loan
Madinet Nasr for Housing and Development (MNHD) has secured an EGP 2.1 bn syndicated loan from three Egypt-based banks in funding for some of the developer's projects in New Cairo.
MNHD Sells Land Plot for EGP 1.15 bn in Taj City
Egypt's urban developer Madinet Nasr Housing and Development (MNHD) has inked a deal selling a 114,537-square-meter residential land plot in Taj City to Sallam family-owned Minka Real Estate Investment for EGP 1.1 ...
MNHD Obtains Land Adjacent to Taj City
Madinet Nasr Housing and Development (MNHD) reached an agreement with the Armed Forces Land Projects Agency to exchange land plots in east Cairo
MHND Concludes EGP 305 mn Securitized Bonds in December
Egypt’s Madinet Nasr for Housing and Development (MNHD) has clarified that it earlier closed a secrutinized bond issuance on December 19
MNHD Achieves EGP 6.3 bn Presales in 2019
Madinet Nasr for Housing and Development (MNHD) recorded a 15% boost in its presales activities (i.e primary contracts and reservations) year-on-year to log EGP 6.3 bn in 2019.
MNHD Closes EGP 370 mn Securitization Transaction
Madinet Nasr Housing Development (MNHD) closed on December 19 an EGP 370 mn securitized bond issuance by Financial Group for Securitization Company (FGS)
MNHD Nods to EGP 150 mn Facility from United Bank
The Board of Directors (BoD) of Madinet Nasr for Housing and Development (MNHD) has approved an EGP 150 mn credit facility extended by the United Bank.
MNHD Launches New Phases of Taj City, Sarai
Managing Director and CEO of Madinet Nasr Housing and Development (MNHD) Ahmed Al Hitamy has uncovered the launch of three new phases of New Cairo's Taj City and Sarai.
MNHD Leases Another Plot in Sarai to Total Egypt
Madinet Nasr for Housing and Development’s (MNHD) board has given the go-ahead to lease a 3,000-square-meter plot in its New Cairo compound, Sarai, to Total Egypt for 25 years, adding up to the latter’s 7,000-squa ...
MNHD Posts Lower Profits in 9 M
Egypt's property developer Madinet Nasr Housing and Development (MNHD) reported a consolidated net profit of EGP 631 mn during the first nine months of 2019, a decline from EGP 869.1 mn during the same period last ...
