SNG: Egypt: Madinet Masr eyes expansion abroad with $5mln in initial investment

About this update from Madinet Masr For Housing & Development

Staff WriterArab Finance: The board of Madinet Masr agreed upon the establishment of real estate development companies outside Egypt, as well as approved initial investments of nearly $5 million, according to a bourse statement.The company logged consolidated net profits after tax and non-controlling interest of EGP 1.281 billion in the first half (H1) of 2025, an annual drop of 11.88% from EGP 1.454 billion.Sales jumped by 7% year-on-year (YoY) to EGP 4.789 billion in H1 2025 from EGP 4.476 billion.© 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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