{"id":323289,"date":"2021-09-08T09:58:38","date_gmt":"2021-09-08T09:58:38","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=323289"},"modified":"2021-09-08T09:58:38","modified_gmt":"2021-09-08T09:58:38","slug":"zahraa-maadi-becomes-largest-market-cap-real-estate-developer-on-egx","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/09\/08\/zahraa-maadi-becomes-largest-market-cap-real-estate-developer-on-egx\/","title":{"rendered":"Zahraa Maadi becomes largest market-cap real estate developer on EGX"},"content":{"rendered":"

Zahraa Maadi Investment and Development’s stock rose to a new record level during Wednesday’s trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.<\/p>\n

By 11:50 a.m. Cairo time,\u00a0the company’s stock increased by 7.3% to EGP 55.98 after about 507,650 shares were exchanged at a turnover of EGP 28.42 million.<\/p>\n

The property developer’s\u00a0market cap reached\u00a0EGP 14.77 billion, followed by Talaat Moustafa Group Holding with EGP 14.25 billion.<\/p>\n

Zahraa Maadi’s market cap is three times higher than Madinet Nasr Housing and Development’s valuation\u00a0which recorded EGP 4.44 billion and about 2.5 times higher than the valuations of Palm Hills Developments, Sixth of October Development and Investment (SODIC), and Orascom Development Egypt of EGP 5.69 billion, EGP 6.04 billion, and EGP 5.63 billion, respectively.<\/p>\n

During the first half (H1) of 2021, Zahraa Maadi registered net profits of EGP\u00a090.08 million, up from EGP\u00a069.45 million in H1-20.<\/p>\n

The sales increased to EGP\u00a0120.68 million in the six-month period ended 30 June from EGP\u00a068.74\u00a0million in the year-ago period.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Zahraa Maadi Investment and Development’s stock rose to a new record level during Wednesday’s trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":321589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[127],"class_list":["post-323289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets","tag-egx"],"yoast_head":"\nZahraa Maadi becomes largest market-cap real estate developer on EGX - egy-africa<\/title>\n<meta name=\"description\" content=\"\u00a0Zahraa Maadi Investment and Development's stock rose to a new record level during Wednesday's trading session to be the largest real estate developer on the Egyptian Exchange (EGX) by market cap.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/09\/08\/zahraa-maadi-becomes-largest-market-cap-real-estate-developer-on-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zahraa Maadi becomes largest market-cap real estate developer on EGX - 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