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

MNHD Brings Summer to Cairo Via Its Newest Resort

Egypt’s Madinet Nasr for Housing and Development (MNHD) has launched its newest resort Cavana Lakes in Sarai Compound to offer an all year round luxurious living by the lagoon in New Cairo

MNHD Eyes EGP 1 bn Loan From CIB

Egyptian developer Madinet Nasr Housing and Development (MNHD) has ratified signing a medium-term loan with the Commercial Bank of Egypt (CIB) worth EGP 1 bn to fund two projects

SODIC to Invest up to EGP 1 bn in Land Purchase This Year

Egypt's real estate developer Sixth of October for Development and Investment Company (SODIC) is planning to invest between EGP 900 mn and EGP 1 bn to expand their land bank in 2018

El Mostakbal City Sees EGP 5 bn Investments in Facilities, Infrastructure

El Mostakbal For Urban Development has held a community consultation session to present the construction plan of their El Mostakbal City

SODIC, MNHD to Enter into Talks to Explore Merging, Acquisition

Sixth of October Development and Investment Company (SODIC) says it will enter into preliminary talks with Madinet Nasr Housing & Development (MNHD) to explore potential strategic alternatives for the two entities ...

MNHD Sells Land in Auction for EGP 50 mn in El Waha

Located in El Waha, the land is dedicated for commercial, administrative, and healthcare purposes

MNHD Pre-Sales Up 46% in 2017

Egyptian real estate developer Madinet Nasr Housing and Development (MNHD) says its pre-sales rose in 2017 by 46% year-on-year

All You Need to Know About MNHD’s Newest Project Sarai

Egyptian urban developer Madinet Nasr for Housing and Development (MNHD) unveiled earlier a mixed-use development in New Cairo

MNHD Inks Deal with BNY Mellon to Issue GDRs

Egyptian urban developer Madinet Nasr for Housing and Development (MNHD), says its board of directors approved on Tuesday, September 12, the conversion of 1.5 mn shares of its capital to global depository receipts (G ...

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