SectionEgypt overview
Madinet Masr for Housing and Development (MASR)
Developer behind Cairo's Nasr City and newer projects such as Taj City and Sarai.
TickerMASR
ExchangeEGX
SectorReal estate
CurrencyEGP
About Madinet Masr
Madinet Masr, formerly Madinet Nasr for Housing and Development, developed much of Cairo's Nasr City district over several decades. Today it builds large communities in east Cairo, including Taj City and Sarai.
The company has a substantial land bank, which it develops in phases and through partnerships.
Its results depend on off-plan sales and collections, and the share price is sensitive to the same inflation and currency factors as the rest of the Egyptian property sector.