Latest news with #ArabDevelopersHolding
Zawya
4 days ago
- Business
- Zawya
Egypt: Arab Developers incurs 20.2% YoY lower consolidated losses in Q1 2025
Arab Finance: Arab Developers Holding suffered net losses attributable to the parent company worth EGP 28.921 million in the first quarter (Q1) of 2025, an annual drop of 20.16% from EGP 36.225 million, as per the financial results. Loss per share reached EGP 0.004 in Q1 2025, marking a yearly rise from EGP 0.003. The consolidated revenues jumped to EGP 266.603 million as of March 31st, 2025, from EGP 216.459 million in Q1 2024. Regarding the standalone business, the company turned to net losses valued at EGP 5.058 million in the first three months of 2025, against net profits of EGP 114.235 million a year earlier. Non-consolidated loss per share hit EGP 0.001 in Q1 2025, versus a profit per share standing at EGP 0.089. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
01-05-2025
- Business
- Zawya
Egypt: Arab Developers eyes $62mln investments in 2025
Arab Finance: Arab Developers Holding aims to invest EGP 3.25 billion during 2025, compared to 2024 investments of EGP 1.7 billion, as per a bourse disclosure issued on April 30th. These investments will be directed to continuing the construction works of the company's current projects. Arab Developers plans to deliver 3,000 units this year, targeting contractual sales amounting to EGP 7.6 billion, compared to EGP 4.6 billion in sales generated in 2024. The EGX-listed firm registered 6.08% year-on-year (YoY) lower consolidated net profits attributable to the parent company at EGP 92.474 million in 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
17-04-2025
- Business
- Zawya
Egypt: Arab Developers' consolidated profits down 6% YoY in 2024
Arab Finance: Arab Developers Holding registered 6.08% year-on-year (YoY) lower consolidated net profitsattributable to the parent company at EGP 92.474 million in 2024, as per the financial indicators. The generated net profits were compared with EGP 98.470 million at the end of December 2023. Revenues rose to EGP 1.643 billion last year from EGP 1.264 billion in 2023, while the earnings per share (EPS) declined to EGP 0.01 from EGP 0.08. Meanwhile, the standalone net profits plummeted to EGP 43.787 million in 2024 from EGP 87.322 million a year earlier. Non-consolidated EPS shrank to EGP 0.0048 from EGP 0.0097. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
27-02-2025
- Business
- Zawya
Arab Developers Holding ontinues to develop 'Nyoum October': With the opening of globe international school
Cairo – Arab Developers Holding, a leading real estate development company, has successfully attracted major brands to operate various service activities within its Nyoum October project, aiming to provide an exceptional residential experience. This offers all the necessary components to enhance residents' well-being and meet their essential needs, thereby maximizing returns for project investors. Aligning with Arab Developers Holding's 2025 strategy, this endeavor focuses on the rapid development of existing projects. The company is accelerating the implementation of various residential units to ensure timely delivery as per agreed schedules. Additionally, it is introducing a range of services and facilities to provide residents with a safe environment rich in diverse service and entertainment activities. As part of this strategy, a branch of the Globe International School has been established within Nyoum October, making it one of three international schools within the project. This collaboration with leading educational institutions in Egypt aims to introduce international schools offering the latest curricula, thereby revolutionizing educational services in the country and creating an ideal living environment for clients that encompasses all services. Dr. Ayman Bin Khalifa, Group CEO and MD of Arab Developers Holding, remarked: 'We are committed to ensuring the quality of life within our urban communities by designing projects according to the latest contemporary designs that guarantee the availability of all facilities and services for residents, making them ideal living environments. This commitment enhances customer satisfaction rates and bolsters the company's position in the Egyptian real estate market.' 'We make significant efforts to diversify our income sources and maximize our assets of land portfolio by offering various investment opportunities in partnership with major companies. These partnerships aim to implement multiple service and commercial projects that meet residents' needs while simultaneously achieving recurring revenues for shareholders with high-profit margins.' He added. Suleiman Saeed, representative of Globe School and Principal of Genius International School, Quest International School, and Maven International School, commented: 'At the Globe International School, we are committed to nurturing not only the academic success of our students but also their personal growth and well-being. Our mission is to foster creativity, encourage scientific thinking, and help students develop into talented individuals who embrace diversity and respect different cultures. We believe in creating a supportive environment where every student can thrive and reach their full potential.' Globe International School is set to welcome primary education students starting in the upcoming 2025/2026 academic year. The school follows the American curriculum and comprises 70 classrooms, specialized laboratories for science and information technology, and various sports facilities, including courts for padel, football, basketball, a multipurpose field, and a semi-Olympic swimming pool. The inauguration of the Globe International School continues the success of Nyoum October, which has achieved significant sales since its launch. This success is attributed to its prime location in the heart of 6th of October, directly on the Middle Ring Road, just 15 minutes from Juhayna Square, and less than 20 minutes from the new Sphinx Airport. The project encompasses three international schools, commercial areas, a sports and social club, a hospital, and an entertainment zone, with approximately 930 units occupied, including villas and apartments.
