• Monday, 21 December 2020

    A smattering of M&A news to keep things interesting

    Nutrien has agreed to drop its arbitration claims against a subsidiary of Misr Fertilizers Production Company (Mopco) as part of its agreement to sell its 26% stake in the company, the local press reports. The Canadian fertilizer producer said last...
  • Tuesday, 15 September 2020

    Profits at top 5 real estate firms fall 31% in 2Q2020

    Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a result of the economic slowdown caused by the covid-19 pandemic, Reuters reports. Short of seeing a second wave of the...
  • Tuesday, 25 August 2020

    Egypt’s MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations

    M&A WATCH- MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for Housing and Development (MNHD) has accepted an offer from an as of yet unnamed investor to purchase its 98.4% stake...
  • Wednesday, 19 August 2020

    Egypt’s MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations

    M&A WATCH- MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for Housing and Development (MNHD) has received an offer from a unnamed strategic investor to purchase its 98.4% stake in construction...
  • Thursday, 13 August 2020

    El Nasr gives Odin Investments green light to start due diligence

    M&A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works’ board of directors has given Odin Investments approval to begin due diligence ahead of a potential acquisition of a 90% stake in the...
  • Wednesday, 5 August 2020

    MNHD green-lights Odin due diligence on El Nasr Civil Works

    M&A WATCH- MNHD gives Odin Investments green light to start due diligence on El Nasr Civil Works: Madinet Nasr Housing & Development’s (MNHD) board of directors has given Odin Investments approval to begin due diligence on El Nasr Civil Works,...
  • Monday, 1 June 2020

    Earnings Watch: Arafa Holding, MNHD

    EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit grew 13.7% in 1Q2020 to reach EGP 378.1 mn, up from EGP 332.3 mn in the same period last year , according to an EGX disclosure (pdf). Revenues surged by...
  • Tuesday, 12 May 2020

    MNHD signs EGP 2.1 bn loan agreement with NBE, AAIB and Banque Misr

    Madinet Nasr Housing and Development has signed a EGP 2.1 bn long-term joint loan agreement with the National Bank of Egypt, the Arab African International Bank and Banque Misr, the local press reports. The loan will be used to partially...
  • Thursday, 17 October 2019

    United Bank signs financing agreement with MNHD

    The United Bank signed a financing agreement with Madinet Nasr Housing and Development to fund its planned construction of EGP 200k-worth of social housing units, according to Masrawy. No details were provided on the amount United Bank will be lending.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.