Egyptian Stock Exchange Listing Committee Approves Madinet Masr’s new Stock Code

Madinet Masr Modifies its stock Code to (MASR.CA)

Madinet Masr، one of Egypt’s leading urban community developers، has announced the approval of the Egyptian Stock Exchange Listing Committee to amend its stock code ( ticker) to (MASR.CA)، starting from the trading session on Tuesday،

Serving the housing needs of Egyptians

Since 1959، Madinet Masr has served the housing needs of millions of Egyptians. Initially founded to develop master projects for the Cairo district of Nasr City، home to three million residents، Madinet Masr has grown into a premier real estate developer and has become one of the country’s most recognizable real estate brands. Madinet Masr was listed on the Egyptian Exchange in 1996، capitalizing on a long and successful track record of delivering world-class housing and infrastructure projects to broaden its exposure to various target segments of the Egyptian real estate market.

Anchored in the Greater Cairo Area and with a growing presence in other regions of Egypt، the Company holds a land bank of over nine million square meters (sqm). Madinet Masr had 21 active projects across two main developments at the close of Q2 2023: Taj City، a 3.5 million sqm mixed use development positioned as a premier cultural destination، and Sarai a 5.5 million sqm mixed use development strategically located near Egypt’s New Administrative Capital between Cairo and Suez. Madinet Masr has launched Zahw، its first expansion project outside of Cairo Governorate.

Zahw is a 104-acre mixed use development strategically positioned in west of Assiut Governorate beside Assiut’s airport and 15-minute away from its center. Zahw compliments the contemporary real estate products in Upper Egypt.