Madinet Masr Triples its Sales, Achieving EGP 34.95 Bn in Total Contractual Sales in 2023

Madinet Masr, one of Egypt's leading urban community developers, has achieved a remarkable increase in total contractual sales, Invest-Gate reports.

Madinet Masr Breaks Records Hitting Highest Contracted Sales in Q3 2023

Madinet Masr announced achieving record-breaking sales, exceeding its annual goals for 2023 in just nine months of the same year, 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 ...

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 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.

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 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 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.

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