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MNHD earnings surge in 2022 on record sales, GB Auto net income up on MNT stake sale
Record sales for MNHD in 2022:Madinet Nasr Housing and Development’s (MNHD) net income more than doubled in 2022 on the…
MNHD income more than doubles in 9M 2022 + CIB’s bottomline rises 16% in 3Q 2022
Madinet Nasr Housing and Development’s (MNHD) net income was up 112% to record EGP 545 mn in the first nine…
More securitized debt coming
MNHD to tap securitization market before end of 1H 2023: EGX-listed Madinet Nasr Housing and Development (MNHD) is looking to…
SODIC kills bid for MNHD
SODIC is no longer interested in acquiring MNHD: SODIC has called off its takeover bid for Madinet Nasr Housing and…
Big gas find in Cyprus could benefit Egypt + GB Auto to assemble Chinese trucks
Another big East Med gas find: Eni and TotalEnergies have made a “significant” gas discovery in a shared exploration block…
MNHD shareholders reject SODIC’s advance
MNHD shareholders back board, say offer price was too low: Madinet Nasr Housing and Development (MNHD) shareholders meeting in a…
THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president
Good morning, friends, and welcome to a big news morning. There’s plenty of good news today, including the first tentative…
MNHD revenues double in 2Q 2022
Madinet Nasr Housing and Development’s (MNHD) revenues more than doubled in 2Q 2022 due to a rise in deliveries, it…
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