amwalalghad :: Real Estate

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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Orascom Telecom Holding (OT)   3.92        Rakta Paper Manufacturing   4.39        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        United Housing & Development   8.93        Raya Holding For Technology An   4.57        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        National Development Bank   6.72        Six of October Development & I   15.03        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        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        Al Arafa Investment And Consul   0.17        Prime Holding   0.91        Alexandria Spinning & Weaving    0.74        General Company For Land Recla   16.6        Gharbia Islamic Housing Develo   8.41        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

Amwal Al Ghad English - 2014-06-26 08:52:56
A housing development company owned by Egypt and Saudi Arabia said on Wednesday it was increasing its capital by $245 million, a four-fold rise, to build houses in Egypt, in a further sign of support for the country from its key Gulf ally. Egyptian state news agency MENA said Saudi Arabia would inject $124 million dollars into the Saudi Egyptian Construction Company (SECON), with Egypt contributing 100 feddans (103.8 acres) of land in three cities worth about the same amount. Saudi Arabia and its Gulf Arab neighbours Kuwait and the United Arab Emirates have given more than $20 billion to help Egypt since the ouster of Islamist President Mohamed Morsi last July following mass protests, leading to the election of Abdel Fattah al-Sisi as president last month. Saudi King Abdullah stopped in Cairo briefly last week to meet with Sisi in a symbolic visit that demonstrated the king’s strong support for the former army chief. The Gulf monarchy sees Cairo as a crucial partner against the rise of radical Sunni Islamism in the region. According to MENA, Egyptian Housing Minister Mustafa Madbouly told reporters the investment would be used “to establish a large number of housing units to encourage initiatives to build medium-income housing units”, without providing specifics. Arabtec Holding, Dubai’s largest-listed construction firm, agreed with the Egyptian army in March to build one million houses for lower-income households in one of the region’s biggest projects valued at $40 billion. More»
Marwa Hemdan - 2014-06-25 11:12:41
Emaar Properties' Egyptian subsidiary, Emaar Misr will spend up to 250 million Egyptian pounds (around $35 million) to implement a new bridge links New Cairo to Mokattam district, Cairo governor Galal El-Saeed said. According to the Egyptian official, Emaar Misr has expressed readiness to cooperate with the Transportation Ministry's General Authority for Roads, Bridges & Land Transport (GARBLT) and Cairo authorities, so as to conclude the new bridge within the current phase. As part of its 4.5 million square metre development called Uptown Cairo, Emaar Misr will implement the bridge project, seeking to overcome the congestion and space constraints in downtown Cairo and facilitate commuting to and from central Cairo to New Cairo. Emaar Misr is expected to finalise the bridge project in less than a year, said El-Saeed. More»
Amwal Al Ghad English - 2014-06-25 09:57:38
Cairo Investment & Real Estate Development (CIRA) declared that the statements made by the company's board member, Sayed Elkalla, regarding the Fair Value does not represent the company and was in his personal capacity. The company added, in a statement to the stock exchange, that it denounces these statements due to their impact on minority shareholders especially when they contain false or incomplete information. The independent financial advisor, Baker Tilly Wahid Abdel Ghaffar & Co, which was hired to evaluate the fair value is not done with his report yet said the company. In a statement to AlBorsa newspaper yesterday, Sayed Elkalla, board member of the company, criticized the mandatory tender offer submitted by Huxley Holdings Ltd, subsidiary of Abraaj, for LE 20.5 per share to acquire the minority stake in the company while claiming that the Fair Value of the shares is LE 60 after the non-productive assets get in production during the next academic year. More»
Amwal Al Ghad English - 2014-06-23 09:55:43
The dispute between Palm Hills Development (PHDC) and Matrouh Governorate has been renewed over the company's dues which was payable more than a year ago. The investment division of the administrative court held a hearing yesterday, June 22, to look into the case of Palm Hills company versus Matrouh governor wherein the company demanded LE 231 million repayment which the company paid for the allocation of 2230 feddans in the governorate in 2007. The Matrouh governorate allocated 3 land plots to Palm Hills Development located in Marsa Matrouh international road. However, the company could not acquire the approval of the Armed Forces to execute any projects. More»
Amwal Al Ghad English - 2014-06-23 09:54:11
Six of October Development & Investment (SODIC) (OCDI) announced that the company will hold an Extraordinary General Meeting (EGM) on July 13, 2014 to discuss increasing the company's  Issued capital by LE 1 billion distributed on 250 million shares with a LE 4 par value. The company added in a statement to the stock exchange that the EGM will also look into authorizing the board of directors to amend articles 6, 7 of incorporation according to subscription results. More»
Amwal Al Ghad English - 2014-06-23 09:49:31
The Ministry of Housing will offer 1,496 pieces of land for industrial activities, storage, and youth workshops through a public lottery over the coming days, with areas ranging from 300-6,000 square metres under a usufruct or sale system. Minister of Housing Mostafa Madbouly said in a statement yesterday that the land offered will be distributed over 15 cities across the nation, and the ministry hopes for the land to meet the needs of various demographics and achieve diverse uses, in accordance with development plans. Vice President of the Urban Communities Authority Magdy Farhat said that the land will be distributed as follows: 135 plots in 6th of October City, 27 of which are allotted for industrial use, 55 for storage, and 53 for workshops. Borg El Arab will receive 111 plots for industrial purposes, and 383 plots will be available in 10th of Ramadan, including 340 for industrial purposes and 43 for storage. Beni Suef will receive 105 plots, 100 for industrial activities and 5 for workshops. There will be 83 industrial plots available north of the Gulf of Suez, 15 industrial plots in Obour City, and 17 plots in Shorouk City, 14 of which are for youth workshops and 3 for storage. Farhat added that 27 plots will be offered in Fayoum, 14 for industry and 13 for storage. There will be 263 plots available in Thebes, 54 for industrial activities, 18 for storage, and 191 for youth workshops. Nineteen industrial plots will be available in 15th of May City. 84 plots will be available in Minya, one industrial, 7 for storage, and 76 for workshops, while Assiut will have 144 plots, 79 industrial, 14 for storage, and 51 workshops. Salehia will have 53 plots, 33 industrial, and 53 for storage. There will be 18 plots for storage in Sohag and 6 in Cairo, 4 for industrial activities and 2 for youth workshops. Farhat confirmed that approval from the General Authority for Industrial Development is required before requests are submitted by the Chairman of the concerned body, and the bid requirements must also be obtained from the body’s headquarters. The date of the lottery will be announced after submission is completed. More»
Amwal Al Ghad English - 2014-06-21 11:35:04
Egyptian Minister of Housing, Utilities and Urban Development Mostafa Madbouly said it is schedule to launch 200.000 new residential units by the end of 2015. The Ministry will provide around 50.000 residential units with EGP135.000 for the unit and the government will present direct support proportion for the beneficiaries of these units, Madbouly added. Central Bank of Egypt's initiative for supporting Mortgage Finance fund contributed in decreasing the value of interest on the loans of residential units for middle and low categories, as 7% for low-income and 8% for middle-income, Madbouly noted. The monthly installment value of residential units will start from EGP400 to EGP500, he explained. He further illustrated that there are more than one entity that will finance and implement the project; New Urban Communities Authority (NTRA) comes at the top. More»
Amwal Al Ghad English - 2014-06-21 08:42:34
Major Dubai construction firm Arabtec on Thursday said its board had accepted the resignation of chief executive Hasan Ismaik and would protect the rights of all shareholders. The brief statement to the Dubai bourse did not comment on the company's strategy after Ismaik's departure or what was likely to happen to his 28.85 percent stake in the firm. Ismaik resigned suddenly on Wednesday after a tumultuous six weeks during which Arabtec's share price plunged as much as 50 percent and a major backer of the firm, Abu Dhabi state fund Aabar Investments, cut its shareholding to 18.85 percent from 21.57 percent. In its statement on Thursday, Arabtec said Ismaik was resigning from his posts of CEO, managing director and board member because of his "personal work and investment preoccupations". It thanked him for his contribution to the company. It also confirmed the appointment of Mohamed Al Fahim, a board member from Abu Dhabi's state-owned International Petroleum Investment Co (IPIC), the parent of Aabar, as Arabtec's acting CEO for an unspecified "temporary period". Mohamed Abdulla Ahmed Saif Al Suwaidi was appointed as a new independent board member to replace Ismaik in that role. Arabtec said its board "expressed its positive aspirations for a bright future and continuing to make more achievements, which aim to protect the rights of shareholders and to maintain and achieve the best interests of the Company and its shareholders and investors." More»
Sayed Badr - 2014-06-18 14:00:05
Chairman of Egyptian Financial Supervisory Authority(EFSA) Sherif Samy said the total value of Mortgage lease contracts within the period from December to April reached up EGP1.7 billion against EGP1.58 billion in the same period of the previous year, move up by 9.1%. Real Estate activity comes at the top of ratings as it recorded EGP712.8 million with 41%, then trucks activity seized 18% (EGP312 million ) from the total mortgage lease contract in addition machinery and equipment that reached 11.5% (EGP198 million), Samy added. The total number of Mortgage lease firms are 25 , Korbliss Leasing Company ranked first by capturing 21.27% market share and GB ranked second with 15.4% market share and QNB Alahi's Corporate and Investment as it gets 11.35% from the contracts till the end of April 2014. More»
Amwal Al Ghad English - 2014-06-18 10:14:19
Delegates from Arabtec construction, L.L.C. will arrive to Cairo next week for the establishment of the company's Egyptian unit which will handle the 1 million unit project in cooperation with the Armed forces. Sources told AlBorsa newspaper the company is looking into the possibility of establishing the company's capital to be in UAE Dirhams to avoid losses from potential difference in exchange rates. Arabtec agreed with Commercial international bank to be acting as the financial advisor to organize the needed funding the project requires, according to sources. The company will sign agreements with a number construction companies and alliances to participate in the project. The source added that the company is looking into options to lower the costs of the project like importing part of the construction materials from outside due to lower costs. Regarding the hurdles facing the project, the source said that the project requires 6 million doors which will not be covered by the local supply which means it will be imported. The source also revealed that the army asked the company to follow a Cautious purchasing policy to avoid bottlenecks in the local construction material sector. More»