Arab Finance: The ordinary general meeting (OGM) of Zahraa Maadi Investment and Development has approved the proposal submitted by Al Safy Properties to participate in developing an integrated residential project, as per a statement.
With an estimated contractual value of EGP 82.028 billion, the project spans an area of 104.33 feddans in the 14th sector of Zahraa Maadi City.
Zahraa Maadi’s participation in the project represents a 37.1% share, valued at approximately EGP 30.432 billion.
The agreement also secures a guaranteed minimum return of EGP 22 billion for Zahraa Maadi.
In 2025, the listed company’s profits jumped by 36.20% year-on-year (YoY) to EGP 712.267 million from EGP 522.923 million.
