Arab Finance: Egyptians for Housing and Development Company (EHDR) achieved a net profit of EGP 58.079 million in 2023, up by 249.45% from EGP 16.62 million in 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on February 7^th.

Operating revenues reached EGP 156.917 million in 2023, up from EGP 59.429 million in 2022.

Egyptians for Housing operates in the real estate development and investment sector, with the focus on the businesses of buying, purchasing, dividing, and selling lands, and establishing buildings and facilities.

The company’s business also includes setting up urban expansion projects, residential and commercial complexes, and new township projects.

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