Madinet Masr’s net profit reaches $52 million as new projects fuel growth
Net profit rose by 88.9 percent, exceeding $50 million, as contracted sales more than doubled and revenue surged 62.9 percent.
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Madinet Masr, led by Egyptian tycoon Abdallah Sallam, opens new unit in Dubai
The new entity will serve as the hub for managing the group’s real estate projects beyond Egypt.
Abdallah Sallam’s Madinet Masr executes 42.7 million share buyback
The Cairo-based developer said it has repurchased 42.7 million shares, about 2 percent of its total share capital, through open-market transactions.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr profit hit $58.3 million in 2024
The performance was driven by sustained market demand, strategic expansions, and a solid uptick in net operating revenues.
Egyptian real estate tycoon Abdallah Sallam's Madinet Masr hits $911 million in 2024 contract sales
Madinet Masr posts record $910.5 million sales in 2024, driven by strategic expansion and strong market demand, reinforcing its leadership in Egypt’s real estate sector.
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Dis-Chem’s Ivan Saltzman restructures $377.7 million stake, transferring shares to heirs in a move reinforcing family control, succession, and executive alignment.
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The move is aimed at boosting production and reinforcing the company’s leadership in the regional market.
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