Report
EUR 9.28 For Business Accounts Only

Madinet Nasr Housing - Another quarter of stellar sales

​Madinet Nasr Housing: Yet another quarter of stellar sales performance.

  • ​Net contracted sales reached EGP 1.5bn in Q3 16A alone, fuelled by solid uptake on Tag Sultan, and Taj City
  • Revenues up 3x y/y driven by off plan sales growth, and recognized revenues from Capital Gardens

Underlying
Medinet Nasr Housing & Development Co.

Madinet Nasr for Housing and Development is engaged in the development of land and buildings and facilities including acquisition of land and real estate sale and rental, dividing it and providing all types of facilities necessary for reconstruction and connected to it in Nasr City and other areas nationwide, the purchase and development, utilization, leasing and sale of all buildings and land. Co. can establish, manage and invest in all residential, administrative, touristic, recreational and all projects, and all real estate operations, financial, commercial and entertainment, as well as carrying out design, and engineering consultancy, and supervision of the execution by others.

Provider
Arqaam Capital
Arqaam Capital

Established in 2007, Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to the emerging markets. Arqaam Capital combines international best practice with expertise in the markets in which we operate. Our primary role is to provide financial intermediation and create investment opportunities for frontier and emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target frontier and emerging markets. Arqaam Capital is headquartered in the Dubai International Financial Centre (DIFC), with additional offices in Libya, Lebanon, Egypt, and South Africa. 

Arqaam Capital's research platform provides the largest coverage footprint of MENA equities and one of the largest on the African continent with a total of 300 stocks under coverage. Arqaam Capital is ranked as one of the leading research providers in the region - a reflection of its broad coverage universe, its in-depth and high quality research, as well the compelling investment ideas that the team generates. The analysts closely analyze their sectors and issue in-depth company and sector research while the strategy team connects the micro with the macro, focusing on index analysis, macroeconomics and strategy research. 

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