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Madinet Nasr for Housing and Development

Real estate companies secured collective sales of over EGP 700B in 2023

The report emphasized the significance of supporting the secondary market for the new generation and underscored the importance of implementing a well-designed mortgage system to manage resale risks effectively

Madinet Masr triples annual contractual sales in 2023, hitting EGP34B

Madinet Masr’s strong performance was driven by its expansion and growth strategy

Madinet Masr expects sales to exceed EGP 20 billion in 2023 for the first times since its establishment

Madinet Masr breaks records and achieves the highest contracted sales in Q3 in its history

SODIC moves away from MNHD acquisition plan and looks to alternatives

In a separate interview with Al Arabiya, Sherif mentioned that Aldar Properties, which owns the majority stake of SODIC, has a strategy to expand in Egypt that includes new acquisitions

MNHD shareholders veto SODIC’s offer, echoing BoD message of “too low”

In a shareholder meeting during a general assembly yesterday, a majority of shareholders vetoed SODIC’s request to begin due diligence