MNHD Secures EGP 300 mn Loan for Sarai
Madinet Nasr Housing and Development (MNHD) concluded on August 28 a contract with the Arab African International Bank (AAIB) to obtain an EGP 300 mn short-term loan
MNHD Signs Deal to Finance Nasr Gardens Compound in West Cairo
Madinet Nasr for Housing and Development's (MNHD)'s board of directors has mandated the company's managing director to ink a protocol with a real estate finance company to fund housing units of Nasr Gardens compou ...
MNHD Sells Plot in Taj City to Develop Apartment Hotel
Madinet Nasr Housing and Development (MNHD) announced on March 26 that it will sell a non-residential plot in Taj City, east Cairo, to Minka Real Estate Investment for EGP 184.8 mn, in a bid to develop the first h ...
Emaar Misr Denies Talks Over Acquisition of MNHD
Cairo-based Emaar Misr for Development has denied news regarding negotiations with Madinet Nasr Housing and Development (MNHD) over an acquisition.
MNHD Calls Off Planned Share-Swap With SODIC
Egypt’s Madinet Nasr for Housing and Development (MNHD) has called off a planned merger via a share-swap with the Sixth of October Development and Investment Company (SODIC) due to failure to reach an agreement wi ...
MNHD Posts EGP 5.5 bn Presales in 2018
Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has logged EGP 5.5 bn in presales, including sales contracts and units' reservations, during 2018, primarily through the company's flagship proje ...
MNHD Logs Net Profits of EGP 869.1 mn in 9M
Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) posted a consolidated net profit of EGP 869.1 mn for the first nine months of 2018, up 1.3% year-on-year (YoY) from the year-ago period
SODIC Intends to Acquire At Least 51% of MNHD
Sixth of October for Development and Investment (SODIC) announced its preliminary intentions to submit a mandatory tender offer to acquire at least 51% stake in Egypt’s urban developer Madinet Nasr Housing and Dev ...
MNHD Gets Approval for Additional Heights in Taj City
Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) announced on September 26 that it received the approval of the Civil Aviation Authority for additional heights in its residential project Taj Cit ...
MNHD Records 165% Net Income Increase in Q2
Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) has recorded a significant increase in its consolidated net income by 165% y-o-y in the second quarter of 2018
