MNHD Inks MoU with El Hazek Construction

Madinet Nasr for Housing and Development (MNHD) signs a Memorandum of Understanding (MoU) with El Hazek Construction to carry out construction work worth EGP 1.5 bn for its projects starting with Shalya project in ...

MNHD Achieves EGP 1.5 bn in Reservations During July

Madinet Nasr for Housing and Development (MNHD) achieves EGP 1.5 bn in reservations in July 2022 only, 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 ...

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 ...

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 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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