Arab Finance: Emaar Misr for Development (EMFD) recorded net profits after tax of EGP 6.563 billion in 2022, compared to EGP 4.119 billion in 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on March 7th.
Revenue surged to EGP 14.736 billion last year from EGP 11.080 billion in 2021.
Established in 2007, Emaar Misr is a real estate developer that undertakes commercial and residential projects such as residential villages and communities, business centers, malls, and shopping complexes, villas, townhouses, and apartments.