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Bonyan Sets Final IPO Price at EGP 4.96/Share
- What: Bonyan for Development and Trade has set the final price for its IPO—the first public offering on the Egyptian stock market this year—at EGP 4.96 per share, following strong demand in the private placement, which was 6.88 times oversubscribed.
- So What: Bonyan’s market cap would be at around EGP 8.9 billion once listed, reflecting solid investor confidence in the company’s performance and plans.
- Now What: In a recent interview with Al Arabiya Business, Bonyan’s Executive Chairman Shamel Aboul Fadl said the company plans to expand into commercial and administrative real estate, and is currently looking into acquiring seven new assets soon.
SODIC’s Hotel Investments to Exceed EGP 10 Billion
- What: SODIC’s (OCDI) General Manager, Ayman Amer, announced that the company plans to invest over EGP 10 billion in the hospitality sector by 2029. The plan includes developing more than 550 hotel rooms, with most projects located on Egypt’s North Coast.
- So What: SODIC is making a strong push into luxury hospitality, teaming up with global brands like Marriott and Nobu. This move could unlock new and sustainable revenue streams.
- Now What: Amer added that the company is exploring new land acquisitions in areas like East Cairo and the Red Sea, and noted that SODIC already holds around 8 million square meters of unsold land, giving it plenty of room to grow in the years ahead.
What else is clapping?
- Madinet Masr Buys Back 1.6 Million Treasury Shares
Madinet Masr for Housing and Development (MASR) bought back around 1.6 million treasury shares during Sunday’s trading session.
The move is part of the company’s ongoing buyback program to repurchase up to 85.4 million shares from the open market — a step aimed at supporting its share price. - Marseilia Reports EGP 11 Million in Q1 Profit
Egyptian Gulf Marseilia for Real Estate Investment (MAAL) posted a net profit of around EGP 11 million during the first three months of this year.
That’s a strong turnaround compared to the EGP 20 million net loss the company recorded in the same period of 2024. - Obour Real Estate Expands with Second UAE Branch
Obour Real Estate Investment (OBRI) announced the opening of a new branch in Abu Dhabi, adding to its existing presence in Dubai.
The new branch will focus on the construction sector and is part of the company’s broader strategy to pursue growth opportunities outside Egypt, especially in promising regional markets.
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