amwalalghad :: Real Estate

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Business - Real Estate

Marwa Hemdan - 2014-09-17 16:36:57
Egypt’s leading construction company, Arab Contractors (AC) plans to hand over Jacque Ville bridge project in Ivory Coast next November, an official from the company told Amwal Al Ghad. AC’s African sector Ashraf Rateb said on Wednesday Jacque Ville bridge project in Ivory Coast will be finalised next November, at a total cost of US$38 million. On a space of 1000 metres, Jacque Ville bridge project is one of the key national projects in Ivory Coast that links the country's two main cities, he noted. Rateb also revealed that the bridge is one of Arab Contractors’ biggest projects in Africa, that links the capital Abidjan and Jacqueville City. Moreover, the Egyptian official stated that Arab Contractors has finalised 55% of total projects in Africa of US$3 billion. Road projects seize the lion’s share of AC’s total businesses in Africa, at value of US$1.7 billion approximately. Coming second in the list, AC’s underway housing projects in Africa account for around US$560 million. The infrastructure projects rank third, acquiring value of about US$500 million. More»
Marwa Hemdan - 2014-09-15 14:23:16
Egypt’s leading construction firm, Arab Contractors (AC) signed Monday a new contract worth US$400 million in Equatorial Guinea’s administrative capital, Oyala, an official from the company said. According to head of AC’s African sector Ashraf Rateb, the company will implement 100 housing units in Oyala, as pursuant to the US$400 million contract. The project will be implemented in two phases, in which Arab Contractors will carry out 500 housing units within one year maximum in the first phase, he noted. Moreover, Rateb further referred that all AC’s developmental projects in the country enjoy the Equatorial Guinean government’s financial support. Arab Contractors is capturing the lion’s share of the number of mega projects in Equatorial Guinea, the Egyptian official stated. By early 2014, the Egyptian company has won contracts to carry out three giant projects in Equatorial Guinea. Rateb said one of those contracts involves the implementation of a major road project in Malabo, the current capital, at value of around US$53 million. The second contract includes the construction of a new commercial mall, at total approximate cost of US$44 million, he added. For the third giant project, Rateb said it is to establish new premises for the officers in the Guinean army, at total cost worth US$80 million. More»
Amwal Al Ghad English - 2014-09-14 07:12:40
Dubai's Emaar Properties EMAR.DU is seeking to raise as much as 5.8 billion dirhams ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008. Emaar, the emirate's largest real estate developer, expects to sell 2 billion shares in Emaar Malls Group (EMG), representing 15.4 percent of its share capital, in a price range of 2.50 to 2.90 dirhams per share, it said on Sunday. At the mid-point of that range, EMG’s market capitalization upon listing its shares would be approximately 35.1 billion dirhams, said Emaar, the builder of the world's tallest skyscraper, Burj Khalifa.The share sale starts on Sunday and will end on Sept. 24 for retail investors and on Sept. 26 for institutional investors. EMG shares will then list on the Dubai Financial Market on Oct. 2. More»
Amwal Al Ghad English - 2014-09-09 08:55:47
Palm Hills, Egypt's second-largest listed real estate developer said on Tuesday it had agreed to borrow EGP2.4 billion ($335.7 million), mostly to finance existing projects. It said in a statement the loan agreement had been signed with nine banks and the debt would be repaid over a period of six-and-a-half years. About EGP1.75 billion will be going towards the developer's existing projects and 650 million pounds will be used to refinance debts, it said. The company plans to invest 1 billion pounds in 2014. Palm Hills is involved in 18 development projects, including apartments and luxury villas. Palm Hills struggled in 2012 after it faced investigations into previous state land sales, and client cancellations after the 2011 uprising that toppled Hosni Mubarak. More»
Mostafa Adel - 2014-09-02 11:46:05
El Shams for Housing and Development Co SAE (ELSH.CA) is seeking attaining EGP40 million by the end of the year in compared to EGP34 million in 2013, Chairman Mahmoud Maghawri revealed. In statements to Amwal Al Ghad, Maghawri added that the instability condition which faced by investors in the first half of 2014 affected on the company's business volume and this affected negatively on the profits with 23% in compared to the same period of the previous year. More»
Amwal Al Ghad English - 2014-09-01 07:45:11
Egyptian real estate developer Palm Hills posted an 8.3 percent fall in second-quarter net profit, the firm said in a statement on Sunday. It recorded a net profit of 84.7 million Egyptian pounds($11.85 million) in the three months ended June 30 compared with 92.4 million pounds in the same period last year. Palm Hills struggled in 2012 after it faced investigations into previous state land sales and client cancellations after an uprising toppled autocrat Hosni Mubarak in 2011. In 2013 it turned a corner and recorded a profit of 239 million pounds. In May, U.S private equity firm Ripplewood said it had acquired a 2.3 percent stake in Palm Hills and said it hoped to increase its stake. More»
Marwa Hemdan - 2014-08-26 11:40:41
Egypt's leading construction firm, Arab Contractors Company (AC) will sign next September new contracts to implement a number of housing projects in Algeria, said board member Ashraf Rateb. Rateb further told Amwal Al Ghad that a delegation from Arab Contractors headed by Chairman Mohsen Salah will visit Algeria next month to sign the new contracts. AC is currently implementing a number of residential projects (around 6.000 housing units) in the Algerian capital beside some neighbouring cities, at total cost of US$240 million, he noted. Moreover, Rateb further referred that AC has formerly signed a protocol on cooperation with the Algerian ministries of Industrial Development and Investment. As pursuant to the protocol, AC is set to assist the Algerian government's plans in establishing 42 industrial zones, at total cost of US$58 million. Arab Contractors seeks to double its size of businesses in Algeria, as part of its plans to expand abroad, he noted. In the past years, the political disagreement between Cairo and Algiers in the past years negatively affected the company's number of projects in the country. More»
Amwal Al Ghad English - 2014-08-26 07:53:10
 Orascom Development Holding AG's (ODHN) (Orascom Development) revenues increased in 1H 2014 by 2% to CHF 120.6 million (1H 2013: CHF 118.3 million), as strong Real Estate & Construction revenues compensated for a weaker hotel performance. The net profit attributable to shareholders of the company reached CHF 31.5 million after a CHF 48.0 million loss in the same period last year. The result was significantly impacted by delivering on the Group's cost savings initiatives by achieving CHF 20 million of overhead savings compared to FY 2012 cost base, one-off gains related to the settlement of the Falcon case (CHF 52.6 million) and the deemed loss of control of OHC and its subsidiaries (CHF 9.4 million). The adjusted EBITDA for the period was CHF 10.7 million (1H 2013: 1.6 million). More»
Ahmed El Demerdash - 2014-08-20 11:04:17
Egypt's leading real estate company Amer Group is planning to begin handing over units in the first phase of Porto Matrouh project in the coming six months. In a statement to the Egyptian stock exchange on Wednesday, Amer said the project is 338.985 cubic metre, 1078 units were sold in the first half of the year worth EGP 486 million, the first phase is composed of 48 buildings, including 1245 units. The project is an independent project by the company's subsidiary, Amer Contracting, and fully owns the land which has installments until December 2016. The Group’s portfolio includes, but is not limited to, Porto Marina, Porto El Sokhna, Porto New Cairo, Porto Matrouh, Porto Sharm, Porto 6 October, Porto Tartous – Syria, and Porto Agadir – Morocco. More»
Amwal Al Ghad English - 2014-08-20 08:42:07
El Kahera Housing Company (ELKA.CA) attained EGP71.5 million profits within the first quarter of this year against EGP52.7 million in the same period of 2013, move up by 36% growth rates, according to consolidated financial statements. The Non-Consolidated Financial Statements revealed that ELKA registered EGP25.5 million net profits in compared to EGP14.6 million. More»