Wednesday 20 June 2018
 
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Emaar Misr

Arabtec Construction wins Uptown Cairo deal

Arabtec, a leading contractor for social and economic infrastructure, has announced that its wholly-owned subsidiary, Arabtec Construction has won a Dh157-million ($42.7 million) contract to develop key phases of the Uptown Cairo master developm

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Emaar Misr H1 profits surge 283pc

Egyptian developer Emaar Misr's net profit soared 283 per cent during the first half of the year to E£522 million ($66.48 million), a report said. Revenues increased 56 per cent to E£1.56 billion, as the company so

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Emaar Misr says Alabbar now non-executive chairman

Egyptian property developer Emaar Misr said in a bourse filing on Tuesday that Mohammed Alabbar was now non-executive chairman, after previously being chairman and managing director. The statement also named Mohamed El Dahan as ma

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Two senior executives of Emaar Misr quit

Two senior executives at Egypt's Emaar Misr have resigned, the property developer said on Sunday, several weeks after its disappointing flotation on Cairo's bourse. Chief development officer Walid El Hindi and chief invest

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Emaar unit set for $353m Egypt IPO

Emaar Misr, the Egyptian unit of Dubai's Emaar Properties, will offer 14.9 per cent of its shares in an initial public offer (IPO) in Cairo between June 16 and 25, the company said on Monday. The shares will be priced at E&pou

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Emaar's Egypt unit aims to raise $367m

Egypt's Emmar Misr said on Tuesday its board had recommended to shareholders that the developer offer 600 million shares on the Cairo bourse to raise E£2.8 billion ($366.97 million). The subsidiary of Emaar Properties, D

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Emaar's Egypt unit reports big profit jump

Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth. The subsidiary of Dubai's largest real estate developer said profits

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Emaar Misr signals chairman role change ahead of float

Emaar Misr, the Egyptian unit of Dubai developer Emaar Properties, said on Monday investors would vote later this month on whether to amend chairman Mohamed Alabbar's position on the board. There has been increased speculation

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Emaar targets Q2 for $270m Egypt unit float

Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told

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Emaar targets Q2 for $270m Egypt unit float

Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told

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