Madinet Masr (EGX: MASR.CA) announced that Eng. Abdallah Sallam, President and CEO of the company, has been named among CNBC Arabia’s Top 100 Business Leaders List for 2026, which recognizes an elite group of chairpersons, chief executive officers, and founders leading some of the region’s largest and most influential companies.
The recognition highlights Abdallah Sallam’s distinguished leadership and his significant role in driving Madinet Masr’s growth, strengthening the company’s position within Egypt’s real estate development sector, and executing its long-term growth strategy and regional expansion plans.
Strong Financial Performance Reflects Madinet Masr’s Growth Strategy
Under Abdallah Sallam’s leadership, Madinet Masr has continued to deliver strong operational and financial performance, reinforcing investor confidence and enhancing the company’s market position.
The company’s share price increased by 97% from the beginning of 2026 through July 16, while Madinet Masr distributed approximately 9% in combined cash and stock dividends during the same period. This brought the company’s year-to-date total shareholder return to approximately 106%, reflecting strong market confidence in the company’s growth strategy and future prospects.
The performance further reinforces Madinet Masr’s position as one of Egypt’s leading publicly listed real estate developers and highlights the effectiveness of its strategy focused on sustainable growth and value creation.
CNBC Arabia Recognition Highlights Regional Business Leadership
CNBC Arabia’s Top 100 Business Leaders List is one of the region’s most prominent initiatives, recognizing influential leaders shaping the Middle East’s economic landscape.
Honorees are selected based on five key criteria: financial performance, market impact, innovation, governance, and resilience.
The 2026 edition features 19 Egyptian business leaders who have made significant contributions to economic growth and enhanced the regional and global competitiveness of their organizations.
Madinet Masr Continues to Strengthen Its Position in Egypt’s Real Estate Market
Madinet Masr is one of Egypt’s leading real estate developers, with a decades-long track record of delivering integrated urban communities and innovative development projects.
The company remains committed to expanding its portfolio of sustainable residential, commercial, and administrative destinations while advancing its growth strategy through innovation, improved project quality, and maximizing customer value.
Through its continued efforts to develop modern communities that meet evolving market needs, Madinet Masr continues to reinforce its leadership position in Egypt’s real estate sector.
