Madinet Masr is one of Egypt’s premier urban community developers. The Company is privileged to be serving millions of Egyptians and their communities for over 60 years and continues to deliver on its promises of excellence and value.
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Press Releases
Madinet Masr Initiates Its Nationwide Expansion Strategy with "Zahw" in West Assiut
"Zahw" is a mixed-use development that marks the start of the company's growth strategy outside East Cairo to launch real estate projects across Egypt
Click here to download the press releaseMadinet Masr receives the EGX Excellence Award for the Largest Trading Volume
The award reflects the company’s strong performance and investors’ trust as a leading developer in the Egyptian real estate market and its strategic vision to achieve growth and expansion.
Click here to download the press releaseMadinet Nasr for Housing & Development (MNHD) Rebrands to Madinet Masr, Signaling a New Era of Geographic Expansion and Strategic Transformation
The rebranding reflects the Company's vision for the future and strategic growth aspirations as it expands beyond East Cairo to develop urban communities across Egypt.
Click here to download the press releaseMNHD Launches the First Phase of Rai project in Sarai near the New Administrative Capital
Through Rai, MNHD continues to push the boundaries of luxury living with an unparalleled value proposition
Click here to download the press releaseMNHD Closes Second Issuance Worth EGP 805.5 million on Securitized Bond
This is the second issuance for MNHD in an EGP 3.0 billion securitization program, in line with our strategy to leverage our strong fundamentals to drive operational and financial growth.
Click here to download the press releaseMNHD Signs MoU with CONSTEC for The Construction of Two New Projects in Sarai Worth More than Half a Billion EGP
The MoU entails the construction works of “The Arena Mall” and “Cavana” inside Sarai in New Cairo.
Click here to download the press releaseMNHD Launches the Second Phase of Clubside in Taj City, Recording EGP 1 billion in Sales
The new launch aligns with MNHD’s strategy to move forward with plans to develop Taj City’s land bank in New Cairo with total investments of EGP 3.6 billion for the first two phases of Clubside
Click here to download the press releaseMNHD Introduces the Latest Investment Opportunity in Real Estate “SAFE” Leveraging “Fractional Property Ownership”
MNHD’s first project to implement “SAFE” (Secure Assets for Fixed Earnings) concept through The Hoft a hybrid property in Taj City, New Cairo.
Click here to download the press releaseMNHD Signs Contract with Madkour Utilities for Sarai
Madkour Utilities will be in charge of managing and operating electricity and water smart metering systems across Sarai
Click here to download the press releaseMNHD Signs a Construction Agreement with DMC to Develop Lake Park Project
EGP 350 million agreement entails the full construction of 13 buildings at Taj City development
Click here to download the press releaseMNHD Partners with Asten College, Microsoft to Launch First School at Taj City
The school will follow the British education system (IGCSE) and will be among the first to implement a digital transformation in education
Click here to download the press releaseMNHD Signs MoU with El Hazek Construction
EGP 1.5 bn agreed for Shalya project
Click here to download the press releaseMNHD Achieves All-Time Record for Single-Month Reservations
Company books EGP 1.5 billion for July 2022
Click here to download the press releaseMNHD Launches Elect, Recording EGP 400 million in First Phase Sales
Half of units at the development's first phase were sold over a two-day period, as MNHD moves forward with plans to develop its valuable unlaunched land bank at Taj City
Click here to download the press releaseMNHD Shareholders Reject SODIC Due Diligence
Latest News
Madinet Masr plans to expand to new governorates
Abdallah Sallam, CEO of Egyptian real estate developer Madinet Masr, discusses expansion opportunities and drivers Continue Reading
Madinet Masr discloses dividends payment date for 2022
Madinet Masr announced the payment date of the EGP 0.15 per share dividends for 2022 earnings Continue Reading
MNHD rebrands to Madinet Masr
The new name embodies the heritage, excellence, and stability that have shaped the company’s history and will determine its future growth Continue Reading
CNBC Arabic interviews MNHD CEO Abdallah Sallam
Abdallah Sallam, CEO of Egyptian real estate developer MNHD, discusses drivers behind revenue growth Continue Reading
alarabiya interviews MNHD CEO Abdallah Sallam
Abdallah Sallam, CEO of Egyptian real estate developer MNHD, discusses new launches and key drivers behind the impressive Q3 2022 results. Continue Reading
B.TECH sets up new HQ at Taj City in partnership with MNHD
MNHD welcomes Egypt's leading electronics and home appliances retailer at Taj City's Kinda development. Continue Reading
MNHD Intends to Deliver 1,500 Units by Year-End
MNHD has completed the delivery of approximately 832 units during the first half of this year, as part of its plan to complete between 1,500 – 2,000 units by the end of 2022, up from 1,090 units delivered ... Continue Reading
MNHD in Forbes Middle East magazine Top listed 50 companies in Egypt 2022
Despite instability in the domestic and global economies, Egyptian companies have recorded significant growth over the past year, led by the financial services, industrial, and real estate sectors. Continue Reading
How are Egypt’s real estate developers being impacted by recent inflation and the devaluation?
Egypt’s infrastructure players are being squeezed by rising raw and building material prices, higher borrowing costs, and the Central Bank of Egypt’s (CBE) 21 March decision to let the EGP slide against ... Continue Reading
MNHD reports EGP 271.5m in gross profit during 1Q 2022, growing 12.4% y-o-y
Madinet Nasr for Housing and Development (MNHD), one of Egypt’s urban community developers, has announced its standalone financial results for the first quarter (1Q) of 2022, reporting a net profit of ... Continue Reading
bt100 awards MNHD “Best performing company in the EGX with the best financial results
Bt100 celebrates the successes of the Egyptian economy and honors business leaders for their role in its development Continue Reading
Abdallah Sallam, CEO of Egyptian real estate developer, MNHD, speaks to CNBC Arabia
Abdallah Sallam, CEO of Egyptian real estate developer, MNHD, tells CNBC Arabia “Liquidity is at healthy levels and West Cairo will be an area for future growth Continue Reading
MNHD PLANS CAPITAL INCREASE TO FUND ACQUISITION, DEVELOPMENT PROJECTS
Around half of the EGP 374.4m amount is earmarked for the acquisition of MINKA Continue Reading
FIRST SECURITISATION BONDS ISSUANCE FOR MNHD WORTH EGP 300M COMPLETED
EFG Hermes has announced that its Promotion and Underwriting Sector succeeded Continue Reading
MNHD APPOINTS ABDALLAH SALLAM AS NEW
Madinet Nasr Housing and Development (MNHD), announced that the board of directors met Continue Reading