Madinet Masr Records EGP 45.4 Billion in New Sales During First Nine Months of 2026
Madinet Masr, one of Egypt's leading real estate developers listed on the Egyptian Exchange (EGX), has recorded new sales valued at EGP 45.4 billion during the first nine months of 2026, reflecting continued demand across its diversified real estate portfolio.
The company's performance covers the period from January to September 2026 and highlights growth in sales, unit deliveries, and cash collections.
Unit Deliveries Increase by 76%
Madinet Masr delivered 1,787 units during the first nine months of 2026, compared to 1,014 units during the same period in 2025, representing an annual increase of 76%.
The increase reflects the company's progress in accelerating project execution and maintaining delivery schedules across its developments.
Net Cash Collections Reach EGP 15.2 Billion
The company's net cash collections reached EGP 15.2 billion by the end of September 2026, compared to EGP 11.3 billion during the corresponding period last year, marking a 35% year-on-year increase.
The growth in collections highlights the company's continued focus on cash flow management and operational performance.
Madinet Masr Continues Share Buyback Program
As part of its capital management strategy, Madinet Masr continued executing its previously announced share buyback program.
The company purchased 42.7 million treasury shares, representing approximately 2% of its total shares, under the program announced in June 2026.
Company Leadership Highlights Operational Growth
Abdallah Sallam, President and CEO of Madinet Masr, said the growth in net cash collections, alongside progress in unit deliveries, demonstrates the company's focus on disciplined execution and sustainable growth.
He added that the company remains committed to accelerating development across its projects, expanding its diversified portfolio, and delivering integrated communities that create long-term value for customers and shareholders.
The company's first-half 2026 results had already recorded EGP 27.2 billion in sales, representing a 16.5% year-on-year increase.
The latest nine-month performance further highlights the company's position in Egypt's real estate market.