amwalalghad :: Real Estate

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        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        Universal For Paper and Packag   4.94        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        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        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        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        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        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        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

Amwal Al Ghad English - 2013-11-06 09:53:20
In line with the company's strategy of optimizing internal processes, enhancing performance and increasing efficiency, Orascom Development (ODHN) is establishing a joint venture with Abdelhamid Abouyoussef under the name of 'Orascom Hotels Management' (OHM) to asset manage the entire Group's hotels. The company will be 75% owned by Orascom Development and 25% owned by Abdelhamid Abouyoussef who will also be the Managing Partner of OHM. The new established company OHM will be an additional tool to optimize value in the hotels business segment, utilizing Abdelhamid's hotels management experience and know-how to further strengthen the segment's capacity and performance. Abdelhamid Abouyoussef holds a bachelor degree in mechanical engineering from the American University in Cairo and a master's degree from the University of California at Berkeley with 15 yrs of experience in the fields of hotel construction and management. Abouyoussef is an owner of 1,600 hotel rooms throughout Egypt (Sharm El Sheikh, Marsa Alam, Alamein and the Baharia Oasis in the western desert) and of a travel agency handling over 100,000 tourists per year. More»
Amwal Al Ghad English - 2013-11-04 14:14:49
Subscription rights of property developer Palm Hills Development (PHD) (PHDC.CA) started trading today, November 4 to continue till December 2, 2013. The securities listing committee in the Egyptian Exchange (EGX) had approved on October 23 the listing of subscription rights separately from original shares. A total of 300 million subscription rights resulted from increasing issued capital by EGP 600 million from EGP 2,096,640,000 to EGP 2,696,640,000, at EGP 2 par value, or 0.28617-for-1. On October 9, the Egyptian Financial Supervisory Authority (EFSA) announced it initialed approved the request of PHD to invite shareholders to subscribe to 300 million secondary shares at EGP 2 par value (plus EGP 0.03 issue costs) each, to increase issued capital by EGP 600 million. The offering will be managed by EFG-Hermes and Pioneers Holding via receiving bank Arab African International Bank (AAIB). The subscription, which will close on December 2, will be carried out at EGP 2 par value plus EGP 0.03 issue costs. According to the company’s statement, launching the secondary offering at current time reflects investor confidence in the real estate sector and its ability to lead economic growth. More»
Amwal Al Ghad English - 2013-10-26 09:01:30
Moody's Investors Service has today upgraded the corporate family rating (CFR) and probability of default rating (PDR) of Aldar Properties PJSC (Aldar, or 'the company') by three notches to Ba1 and Ba1-PD from B1 and B1-PD respectively. Concurrently, Moody's has upgraded the $1.25 billion of bonds due 2014 issued by Atlantic Finance Limited and unconditionally guaranteed by Aldar by three notches, to Ba2 from B2. The outlook on all ratings is positive. This concludes the ratings review initiated on January 22, 2013 following the announcement that Aldar and Sorouh Properties PJSC would merge. Moody's subsequently maintained the review after upgrading the CFR to B1 on July 1, 2013. "We have upgraded Aldar's ratings by three notches as a result of the company completing its merger with Sorouh. The merger was transformational in nature as it added material recurring rental income from residential properties and created the leading Abu Dhabi real estate player with a large land bank and a sizable investment property portfolio. There is increased visibility regarding the combined entity's transactions with the government of Abu Dhabi, as well as in terms of its project pipeline and cash flow projections," said Martin Kohlhase, Moody's Senior Analyst and local market analyst for Aldar. "Aldar has a significantly improved risk profile as a result of increased visibility. Contracted transactions between the Abu Dhabi government and the company are planned to run until 2017, amounting to around AED9.1 billion, or $2.5 billion." More»
Amwal Al Ghad English - 2013-10-21 13:54:51
Palm Hills Development (PHD) announced that a secondary offering will be launched on November 4 to increase capital by EGP 600 million to EGP 2,696,640,000. The offering will be managed by EFG-Hermes and Pioneers Holding via receiving bank the Arab African International Bank (AAIB), Palm Hills noted in a statement. The subscription, which will close on December 2, will be carried out at EGP 2 par value plus EGP 0.03 issue costs. According to the company’s statement, launching the secondary offering at current time reflects investor confidence in the real estate sector and its ability to lead economic growth. More»
Amwal Al Ghad English - 2013-10-10 09:31:51
Egyptian Financial Supervisory Authority (EFSA) announced that it approved Palm Hills Development Co. - (PHDC.CA)'s request to increased its issued and paid-up capital to EGP 600 million.Palm Hills has called for existing shareholders to subscribe in issued and paid capital amounting to EGP 600 million for 300 million at a nominal value of EGP 2 per share in addition to EGP 0.03 issuance fees.   Shareholders as of 28/10/2013 are entitled for subscription. More»
Amwal Al Ghad English - 2013-10-10 09:28:06
OCI N.V. announced today that its subsidiary, OCI Partners LP (the “Partnership”), has closed its initial public offering of 17,500,000 common units representing limited partner interests in the Partnership (“Common Units”) at US$ 18.00 per Common Unit. The Common Units trade on the New York Stock Exchange under the ticker symbol “OCIP.” BofA Merrill Lynch, Barclays and Citigroup acted as joint book-running managers for the offering.  Allen & Company LLC and J.P. Morgan acted as co-managers for the offering. A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). More»
Amwal Al Ghad English - 2013-10-09 10:01:06
Dubai government-owned property developer Nakheel said on Monday that its nine-month net profit jumped 58 percent year-on-year as the company continued to benefit from the recovery in the emirate's property market. The firm, which was taken over by the government as part of its $16 billion restructuring plan completed in 2011, made a net profit of 1.77 billion dirhams ($481.9 million) in the nine months to September 30, versus 1.12 billion dirhams in the corresponding period of 2012, a statement said. Dubai real estate prices slumped by more than 50 percent from their 2008 peak in the aftermath of the emirate's property bubble bursting, but have been advancing in recent months as investor confidence in the sector returns. The extent of the rise - more than 22 percent in the past year, according to property consultancy Jones Lang LaSalle last week - caused the International Monetary Fund to warn in July of the potential for another damaging real estate bubble forming in the market. More»
Amwal Al Ghad English - 2013-10-08 14:19:07
DAMAC Properties, the region’s largest luxury private developer, is again setting the agenda at this year’s Cityscape Global 2013 with the launch of its largest product range to date. DAMAC Properties is bringing to market the third phase of DAMAC Villas overlooking the Trump International Golf Club, Dubai at its 28 million sq ft master development, AKOYA by DAMAC. In the last couple of days, DAMAC Properties has already launched FENDI-styled Villas and The Trump Estates at AKOYA by DAMAC, the companies golf community just off Umm Sequim Road. In addition to the high-end luxury villa complexes including DAMAC Villas by Paramount, the DAMAC Villas will offer an unrivalled luxury at a price point available to many. During the show, DAMAC Properties will also be showcasing Golf Veduta – serviced hotel apartments and villas offering uninterrupted views of the golf course. The unrivalled urban architecture blends into the natural surrounds and is offered in studios, one, two, three and lavish four bedroom units. More»
Amwal Al Ghad English - 2013-10-08 14:12:14
Dubai’s real estate landscape is set for a makeover with local developers gearing up to launch new projects. Last year’s Cityscape Global was a low-key affair on the project-launch front as only government-backed developers decided to make a few project announcements. However, this time around private developers are back with a bang. Launching projects at the three-day property expo, which opens today (October 8), provides developers a global platform to generate investor interest. Property prices in Dubai have risen over 20 per cent year-on-year. Experts have ruled out a property bubble in making, emphasising strong and solid economic fundamentals of the UAE, the emirate’s safe haven status and its likely win to host the World Expo 2020 in Dubai. More»
Amwal Al Ghad English - 2013-10-08 13:55:17
The pipeline of new projects in Dubai is getting nicely restocked with leading developers going ahead with a series of new launches and sales during Cityscape Global 2013. The mega real estate event was formally opened by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of Dubai International Financial Centre. One of the high-profile launches today will be the new high-rise tower on Shaikh Zayed Road from Meydan, the developer behind Dubai’s famed flagship race course and grandstand. Phase One investor sales will also open on this high-rise, named the Entisar Tower. Damac Properties has added another, this one a serviced apartment project in Burj District. There will also be spotlight on the mega Al Habtoor development launched on Monday as well as the reworked The Lagoons. More»