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Daily News Egypt
a day ago
- Business
- Daily News Egypt
Bonyan Reports Strong 9% Growth in Gross Asset Value for H1 2025, Outpacing Inflation
Bonyan for Development and Trade announced that its Gross Asset Value (GAV) reached EGP 17.41 billion in the first half of 2025, marking a 9% increase from EGP 15.96 billion in FY 2024. The growth outpaced Egypt's 7.9% headline inflation for the same period, translating to a GAV of EGP 171.2k per square meter as of June 2025. The valuation, conducted by Global Appraisal Tech (GAT) — an FRA-licensed independent valuator — was based on a comparable sales approach using recent market transactions for similar vacant properties. A 5% discount was applied to reflect the bulk nature of Bonyan's asset portfolio, and the figures exclude income-generating potential from leased properties. CEO Tarek Abdelrahman highlighted Bonyan's positioning as a Real Estate Operating Company (REOC), which not only manages and owns assets but also reinvests cash flows to service acquisition liabilities and pursue new opportunities. 'Our model is well-suited for emerging markets where capital appreciation potential is high. GAV remains the most relevant measure of our performance, and our results continue to exceed inflationary pressures,' Abdelrahman said. He added that the company's current GAV represents a significant improvement from its implied Enterprise Value per square meter at IPO, which stood at EGP 95.5k. 'This performance affirms our belief in the intrinsic value and resilience of Bonyan,' he noted.
Zawya
a day ago
- Business
- Zawya
Egypt: Bonyan's gross asset value hit $359mln in H1 2025
Arab Finance: Bonyan for Development and Trade has achieved a robust gross asset value (GAV) of EGP 17.41 billion in the first half (H1) of 2025, versus EGP 15.96 million in 2024, according to a press release. The strong performance marks a 9% year-to-date (YTD) increase, outpacing a 7.9% headline inflation recorded during the first six months of 2025. This implies a GAV of EGP 171,200 per square meter (sqm) at the end of June 2025. It is worth highlighting that the GAV is based on an independent valuation by Global Appraisal Tech (GAT), an FRA-licensed valuator, using a comparable sales approach benchmarked against recent market transactions for similar but vacant properties. Notably, the valuation is only based on actual market transactions and does not factor in the income-generating potential of leased properties. For his part, Tarek Abdelrahman, CEO of Bonyan, commented: 'Bonyan operates as a Real Estate Operating Company (REOC), meaning we not only own and manage our assets but utilize cash flows to service previous acquisition liabilities and to acquire additional assets when attractive opportunities arise.' 'This model is well-suited for emerging markets, where the potential for capital appreciation is significant. As with leading global REOCs and real estate investment companies, Gross Asset Value (GAV) serves as the most relevant metric for assessing Bonyan's performance,' he added. He noted: 'This strategy has consistently delivered superior results, with our asset value outperforming inflationary pressures.' On July 22nd, Bonyan commenced trading its shares on the Egyptian Exchange (EGX) at an opening price of EGP 4.96 per share. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
