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Madinet Masr expands at home and abroad
- What: Madinet Masr (MASR) is planning to deliver around 1,500 housing units this year, with total construction contracts worth about EGP 13 billion.
- So What: By June 30, 2025, the company had already tapped over EGP 1 billion from its EGP 9 billion syndicated revolving loan secured at the end of 2024.
- Now What: The company has filed to set up a real estate investment fund with a target capital of EGP 300 million.
Through its “SAFE” app, Madinet Masr aims to open new investment channels for real estate investors and help fund future projects.
According to Asharq, the company is also preparing to launch two subsidiaries—one to manage the fund, and the other for promotion and IPO coverage.
Meanwhile, Madinet Masr is eyeing three land plots in Riyadh, Saudi Arabia, ranging between 300k–500k sqm, to build a massive project—possibly one of its biggest ventures abroad, according to Al-Mal.
Sources: Capital Med eyes IPO
- What: Al Borsa reports that “Capital Med” plans to list part of its shares on the Egyptian Exchange in Q3 this year, aiming to raise around EGP 2 billion.
- So What: Capital Med in Badr City is one of Egypt’s largest integrated healthcare projects, with investments topping EGP 18 billion.
The company is owned by an investor alliance including CIRA Education (14%) (Ticker: CIRA) and Egyptians for Healthcare Services (10%), with the rest split among institutional and individual investors.
Egyptians for Healthcare also oversees the project’s development and management. - Now What: Proceeds from the IPO will help fund phase two of the project, expected to cost EGP 3–5 billion.
The medical city is being built in four phases over 10 years, starting with a 350-bed facility, scaling up to around 2,000 beds once complete.
- What: United Bank (UBEE) announced that CEO and MD Ashraf El Kady will step down in September, with Tarek Fayed set to replace him.
- So What: Fayed previously led Banque du Caire from 2018 to 2024.
He also joined the Central Bank of Egypt back in 2008—which holds a controlling stake in United Bank—during the second phase of the banking sector development program. - Now What: Speaking to Al-Masry Al-Youm, Fayed said the coming period will see expanded operations and activities for the bank.
AMOC’s half-year profit tops EGP 1 bn
- What: Alexandria Mineral Oils Co. (AMOC) reported a net profit above EGP 1 billion in H1, supported by sales of nearly EGP 37.6 billion.
- So What: Net income rose 3% YoY, with revenues up more than 11%.
- Now What: The board proposed a cash dividend of EGP 0.80 per share and a shift in the fiscal year to January–December.
📊 Full results here.
Alexandria Container nets EGP 6.6 bn
- What: Alexandria Container & Cargo Handling (ALCN) posted around EGP 6.6 billion in net profit for FY July 2024–June 2025, with revenues surpassing EGP 8 billion.
- So What: Net profit grew 5% YoY, while revenues jumped 26%.
- Now What: Strong operating momentum could boost the stock further, though performance still depends on sustaining growth amid competition and global trade shifts.
📊 Full results here.
Egytrans earns EGP 17 mn in H1
- What: Egyptian Transport & Commercial Services Co. “Egytrans” (ETRS) posted a net profit of about EGP 17 million in H1, with revenues around EGP 588 million.
- So What: Net income plunged 89% YoY, despite a 53% surge in revenues.
- Now What: The sharp profit drop highlights cost pressures and margin squeeze.
The company is expected to focus on tighter cost control and efficiency gains to translate revenue growth into profits.
📊 Full results here.
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