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 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 ...

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 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 ...

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

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

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

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