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Madinet Nasr for Housing and Development SAE (MNHD.CA)

MNHD.CA on Cairo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Egypt's Medinet Nasr signs EGP 1 Bln Facility Agreement With CIB
Wednesday, 6 Jun 2018 10:13am EDT 

June 7 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::ANNOUNCES SIGNING OF EGP 1 BILLION PROJECT FINANCE AGREEMENT WITH EGYPT’S COMMERCIAL INTERNATIONAL BANK.THE FACILITY IS MTL FOR 5 YEARS TO FUND CONSTRUCTION OF PHASE 2 OF TAJ CITY PROJECT AND PART OF THE EXTERNAL INFRASTRUCTURE OF THE PROJECT.  Full Article

Sodic, Madinet Nasr Appoint Advisers for Merger/Acquisition
Sunday, 20 May 2018 02:02am EDT 

May 20 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::UPDATES ON POSSIBLE COOPERATION BETWEEN CO AND MADINET NASR BY WAY OF MERGER OR ACQUISITION.EFG HERMES AND ZAKI HASHEM & PARTNERS, ATTORNEYS AT LAW, HAVE BEEN APPOINTED AS ADVISORS TO MNHD.APPOINTS CI CAPITAL AND MHR & PARTNERS (WHITE & CASE) AS ADVISORS.  Full Article

SODIC To Enter Into Talks With MNHD To Explore Strategic Alternatives
Wednesday, 11 Apr 2018 04:00am EDT 

April 11 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::CONFIRMS IT WILL ENTER INTO PRELIMINARY TALKS WITH MADINET NASR (MNHD) TO EXPLORE STRATEGIC ALTERNATIVES BY WAY OF MERGER OR ACQUISITION.  Full Article

Medinet Nasr To explore Potential Merger Or Acquisition With Sodic
Tuesday, 10 Apr 2018 09:36am EDT 

April 10 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::BOARD DISCUSSED POTENTIAL COOPERATION WITH SODIC THROUGH MERGER OR ACQUISITION.BOARD AUTHORIZED CHAIRMAN TO COMMUNICATE WITH SODIC ON POTENTIAL DEAL.BOARD APPROVES APPOINTMENT OF EFG HERMES AS FINANCIAL ADVISER.BOARD APPROVES APPOINTMENT OF ZAKI HASHEM & PARTNERS AS LEGAL ADVISER.  Full Article

Medinet Nasr Amends Board Porposal of Capital Increase
Monday, 2 Apr 2018 03:30am EDT 

April 2 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::AMENDS BOARD PROPOSAL OF CAPITAL INCREASE TO BE EGP 1.20 BILLION THROUGH ISSUING 0.20 BONUS SHARE FOR EVERY SHARE‍​.  Full Article

Egypt's Medinet Nasr Sees 2018 Contracted Sales of Upto EGP 6 Bln
Tuesday, 27 Feb 2018 08:30am EST 

Feb 27 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::SEES 2018 CONTRACTED SALES IN RANGE OF EGP 5.5 BILLION - EGP 6 BILLION.  Full Article

Egypt's Medinet Nasr FY Consol Profit Rises
Monday, 26 Feb 2018 03:26am EST 

Feb 26 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::FY CONSOL NET PROFIT AFTER TAX EGP 933.1 MILLION VERSUS EGP 768.9 MILLION YEAR AGO.FY CONSOL REVENUE EGP 2.43 BILLION VERSUS EGP 2.01 BILLION YEAR AGO.BOARD APPROVES ISSUED AND PAID-UP CAPITAL INCREASE TO EGP 1.15 BILLION FROM EGP 997.1 MILLION THROUGH BONUS SHARE ISSUE‍​.  Full Article

Egypt's Medinet Nasr Gets PM's Approval for Taj City Master Plan ‍​
Monday, 8 Jan 2018 03:07am EST 

Jan 8 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::GETS PRIME MINISTER'S APPROVAL FOR TAJ CITY MASTER PLAN ‍​.TAJ CITY MASTER PLAN APPROVAL WILL ALLOW COMPANY TO MARKET, LAUNCH NON-RESIDENTIAL COMPONENTS ‍​.  Full Article

Egyptian Exchange Says Banque Misr Sells Stake in Medinet Nasr for EGP 275 MLN
Monday, 18 Dec 2017 02:50am EST 

Dec 18 (Reuters) - EGYPTIAN EXCHANGE::BANQUE MISR SELLS 25 MILLION SHARES IN MEDINET NASR FOR HOUSING AND DEVELOPMENT FOR TOTAL VALUE OF EGP 275 MILLION, AT PRICE OF EGP 11 PER SHARE.BANQUE MISR REDUCES STAKE IN MEDINET NASR FOR HOUSING AND DEVELOPMENT TO 3.47 PERCENT FROM 5.97 PERCENT.  Full Article

Egypt's Medinet Nasr 9-month consol profit rises
Wednesday, 15 Nov 2017 03:11am EST 

Nov 15 (Reuters) - MEDINET NASR FOR HOUSING AND DEVELOPMENT ::NINE-MONTH STANDALONE NET PROFIT EGP 756 MILLION VERSUS EGP 449.8 MILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT AFTER TAX EGP 757.1 MILLION VERSUS EGP 457.3 MILLION YEAR AGO.NINE-MONTH CONSOL REVENUE EGP 1.72 BILLION VERSUS EGP 1.11 BILLION YEAR AGO.  Full Article