Arab Finance: Madinet Masr has completed the purchase of 1% of the company's total outstanding shares under its treasury share buyback program, according to an emailed press release.

This phase of the treasury share buyback program reflects the company’s confidence in its financial performance, strong financial position, and future growth prospects.

 

The buyback program was approved on June 28, 2026, by the board of directors to repurchase up to 2% of the company's share capital.

The program is being executed through open-market transactions in compliance with the regulations of the Financial Regulatory Authority (FRA) and the Egyptian Exchange (EGX).

Madinet Masr will continue implementing the buyback program as part of its broader strategy to improve shareholder value while maintaining a balanced approach between operational growth and investment returns.

In the first half (H1) of 2026, the real estate developer registered sales totaling EGP 27.2 billion.