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

MNHD.CA on The Egyptian Exchange

5.08EGP
23 Jun 2019
Change (% chg)

£0.07 (+1.40%)
Prev Close
£5.01
Open
£4.96
Day's High
£5.10
Day's Low
£4.90
Volume
1,800,792
Avg. Vol
2,404,743
52-wk High
£7.91
52-wk Low
£4.54

Latest Key Developments (Source: Significant Developments)

Medinet Nasr For Housing And Development Q1 Consol Profit Rises
Wednesday, 8 May 2019 

May 8 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::Q1 CONSOL NET PROFIT AFTER MINORITY INTEREST EGP 328.7 MILLION VERSUS EGP 313.5 MILLION YEAR AGO.Q1 CONSOL REVENUE EGP 634.2 MILLION VERSUS EGP 610.8 MILLION YEAR AGO.  Full Article

Egypt's Madinet Nasr Board Approves Capital Increase By Issuing Bonus Shares
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::BOARD APPROVES ISSUED AND PAID-UP CAPITAL INCREASE TO EGP 1.44 BILLION FROM EGP 1.20 BILLION.CAPITAL INCREASE THROUGH ISSUING 0.20 BONUS SHARE FOR EVERY SHARE.  Full Article

Egypt's Madinet Nasr Updates On Sodic's Potential Acquistion Of Co
Sunday, 13 Jan 2019 

Jan 13 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::UPDATES ON SODIC'S POTENTIAL ACQUISTION OF CO.SAYS FRA APPROVES UPTO 60 DAYS EXTENSION FOR SODIC TO COMPLETE DUE DILIGENCE AND FAIR VALUE STUDY.  Full Article

Egypt's Medinet Nasr Q3 Consol Profit Rises
Sunday, 4 Nov 2018 

Nov 4 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::Q3 CONSOL NET PROFIT AFTER TAX EGP 257.3 MILLION VERSUS EGP 247.6 MILLION YEAR AGO.Q3 CONSOL REVENUE EGP 792.9 MILLION VERSUS EGP 555.4 MILLION YEAR AGO.  Full Article

Egypt's Medinet Nasr signs EGP 1 Bln Facility Agreement With CIB
Wednesday, 6 Jun 2018 

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 

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 

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 

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 

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 

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

MIDEAST STOCKS-Trade tensions, weak oil pressure most major Gulf markets

* Saudi's Middle East Healthcare plunges on lower Q1 profit * Mall operator Arabian Centres to raise $747 mln in IPO * Egypt's Medinet Nasr gains on higher Q1 profit * Dubai's DP World slides after merger agreement By Shakeel Ahmad May 9 The Abu Dhabi and Dubai stock markets dropped sharply on Thursday, affected by global trade tensions and falling oil prices, which sent most Middle Eastern bourses sliding. The Abu Dhabi index fell 1.4 percent, declining