Madinet Masr eyes expansion abroad with $5M in initial investment

Updated 9/29/2025 2:04:00 PM
Madinet Masr eyes expansion abroad with $5M in initial investment

Arab 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.

Ssales jumped by 7% year-on-year (YoY) to EGP 4.789 billion in H1 2025 from EGP 4.476 billion.

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