Pioneers Properties for Urban Development (BRE Group), listed on the Egyptian Stock Exchange, revealed the implementation of a new purchase of treasury shares during Wednesday’s session.It is noteworthy that the company bought 150 thousand treasury shares during the trading session on October 21, 2026, according to the company's disclosure today.This brings the total number of shares executed from the date of notification (submitted on 14 October for the completion of the purchase of 9,993,491) and to date about 2.76 million shares.
Egypt Real Estate
Pioneers Properties for Urban Development (PEE Ray Group), listed on the Egypt Stock Exchange, announced the implementation of a new purchase of treasury shares during Monday’s session, according to a company’s disclosure today.The company purchased 350,000 treasury shares during the trading session of October 19, 2026, bringing the total number of shares executed from the date of notification (summed on October 14 regarding the completion of the purchase of 9,993,491) and to date about 2.21 million shares.The company announced a strong jump in its consolidated profits by about 77 during the first half of 2026; to reach about 514.909 million Egyptian pounds by the end of June 2026
The unaudited financial statements of Heliopolis Housing and Development Company, listed on the Egyptian Stock Exchange, confirmed the first 9 months of this year; the company’s profits doubled on an annual basis.Net profit after taxes amounted to about 2.14 billion pounds, during the period from January to the end of September 2026, compared to about 1.06 billion pounds in the comparative period of the previous year, with a growth rate of about 100%, according to the financial indicators sent to the Egyptian Stock Exchange, today.It is noteworthy that the revenues of the activity (total sales) amounted to about 3.47 billion pounds during the period ending in September 2026, compared to about 1.27 billion pounds in the comparative period of the previous year, with a strong…
Recent data revealed that net foreign investment in Egyptian real estate increased to $2.8 billion during the fiscal year 2025/2026, compared to $1.9 billion during the previous fiscal year, an increase of about $900 million, a growth rate of 47.4%.According to the balance of payments report issued by the Central Bank of Egypt, the proceeds of the sale of companies and productive assets to non-residents recorded a net inflow of $433.2 million during the fiscal year ending in June 2026, compared to about $399.8 million during the previous fiscal year.In contrast, loans from parent companies for investment recorded a net repayment of $480.4 million during the fiscal year 2025/2026, compared to a net repayment of $381.6 million during the previous fiscal year. This rise comes in conjunction…
The Egyptian government launched, on Sunday, October 18, 2026, in cooperation with Qatari Diar Company, the investment zone of the "Alam Al-Rum" project in Marsa Matrouh governorate, as part of the plans for urban and tourist expansion on the northwest coast, and the strengthening of the investment partnership between Egypt and Qatar.The event, which was held on Sunday on this occasion, witnessed the participation of Dr. Mohamed Farid, Minister of Investment and Foreign Trade, Engineer Randa Al-Minshawi, Minister of Housing, Utilities and Urban Communities, and a number of leaders of the General Authority for Investment and Free Zones, as well as representatives of the Qatari Diar Company and the concerned government agencies.The project extends over an area of approximately 4900 acres,…
Egyptian businessman and CEO of Entro Holding Group, Ayman Mamdouh Abbas, has acquired a 10% stake in the Egyptian “Ekzet” platform, in a deal that estimated the value of the company at about 100 million pounds (two million dollars) “after the money,” according to the founder of the platform and its Chairman Mahmoud Ammar.Ammar told Al Arabiya Business that the capital increase aims to finance the launch of new products through the platform, in addition to supporting expansion plans in foreign markets, with a focus on the Gulf markets, as part of the company’s strategy to enhance its activity in the real estate concessions market.He added that the platform aims to implement a new financing round during 2027 worth nearly $5 million, with the participation of…
Investments received to buy real estate in Egypt by non-residents recorded a remarkable growth during the fiscal year 2025/2026, after net inflows increased to about $2.8 billion, compared to about $1.9 billion in the previous fiscal year, an increase of about $900 million, with a growth rate of 47.4%.The data of the Balance of Payments report issued by the Central Bank of Egypt showed that this rise comes within the developments of foreign investment flows to the Egyptian market, at a time when the government is moving to develop the legislative frameworks governing the real estate sector, which contributes to enhancing its attractiveness for investments and protecting the rights of its customers.Increase in the sale of companies and productive assets to non-residentsCentral Bank of…
Egyptian developer Midyan Developments plans to invest 12 billion Egyptian pounds ($224.59 million) in education and healthcare projects over the next four years, the company's CEO said. Ahmed Lotfy Soliman told Zawya Projects that the investments would cover three sectors: pre-university education, higher education and healthcare. The company plans to open an international school in Alexandria in September 2027, with a capacity of 1,750 students, followed by a second school in September 2028, he said. Midyan Developments is also constructing Mediterranean University in Alexandria, which will comprise six facilities and have a capacity of 10,700 students. The developer is additionally building a 250-bed university hospital affiliated with Mediterranean University, Soliman said.
Orascom Development Egypt, which is involved in real estate and tourism development and listed on the Egyptian Stock Exchange, expects its real estate sales to increase by about 18% during the third quarter of this year on an annual basis, according to Iskender Touma, Chairman of the Board of Directors of Zawya Arabi.The company, one of the largest real estate developers in Egypt, has major projects, the most famous of which is El Gouna on the Red Sea coast, and includes hotels, restaurants and residential real estate, and the tourist city gained additional fame by hosting an art festival known as the "El Gouna Film Festival" in addition to Makadi Heights on the Red Sea, and the O West project on the sixth of October.During the first half of the year, sales of the real estate sector…
The Egyptian government is considering establishing a new real estate investment fund to take advantage of the assets of the New Urban Communities Authority, according to a statement issued by the Egyptian Ministry of Housing on Wednesday.The Minister of Housing, Randa Al-Minshawi, held a meeting to discuss ways to maximize the economic and investment benefit from the real estate assets of the Urban Communities Authority, through the study and activation of innovative investment mechanisms that contribute to raising the efficiency of the management of these assets, increasing the returns achieved from them, and providing diverse and sustainable sources of financing for development and urban projects.According to the statement, the meeting discussed the proposal to establish a real estate…
Engineer Randa El-Menchawy, Minister of Housing, Utilities and Urban Communities in Egypt, discussed ways to maximize the economic and investment benefit from the real estate assets of the New Urban Communities Authority, through the study and activation of innovative investment mechanisms that contribute to raising the efficiency of the management of these assets, increasing the returns achieved from them, and providing diverse and sustainable sources of financing for development and urban projects.This came during a meeting held by Engineer Randa Al-Minshawi, in the presence of Walid Abbas, Deputy Minister of Housing for Urban Communities, and a number of ministry officials and the New Urban Communities Authority.The meeting discussed the proposal to establish a real estate investment…
Abdullah Salam, CEO of the "City of Egypt" company, listed on the Egyptian Stock Exchange, said that the company has launched a new phase of the partial ownership platform for real estate "SAFE Investments"; with the aim of expanding the investor base, and making real estate investment available to wider segments of society, starting from only 5 thousand pounds, in a move targeting what he described as "the democracy of real estate investment", according to "Arab" Business.Salam explained that the global economy is witnessing an accelerated shift towards the models of the participatory economy, explaining that the idea of partial ownership of the property is based on enabling a large number of investors to own shares in a single real estate asset in a regulated and controlled digital way,…