Madinet Masr (EGX: MASR.CA), one of Egypt’s leading real estate developers, announced its operational results for the third quarter and the first nine months of 2026, reporting strong performance across its sales, unit deliveries, and cash collections.
The company recorded EGP 45.4 billion in new sales during the first nine months of 2026, reflecting sustained demand for its diversified real estate portfolio and continued customer confidence in its residential and commercial developments.
The results highlight Madinet Masr’s ongoing efforts to strengthen its market position, accelerate project execution, and maintain operational efficiency amid continued developments in Egypt’s real estate sector.
Unit Deliveries Increase by 76% During the First Nine Months of 2026
Madinet Masr recorded significant growth in unit deliveries during the first nine months of 2026, delivering a total of 1,787 units compared to 1,014 units during the corresponding period in 2025, representing an annual increase of 76%.
This growth reflects the company’s progress in accelerating construction activities and fulfilling its delivery commitments to customers. It also demonstrates its continued focus on improving operational efficiency and translating strong sales performance into tangible progress across its development projects.
The increase in deliveries reinforces the company’s commitment to maintaining construction momentum while ensuring the timely execution of its projects and enhancing customer satisfaction.
Net Cash Collections Rise 35% to EGP 15.2 Billion
On the financial front, Madinet Masr achieved a 35% year-on-year increase in net cash collections during the first nine months of 2026, reaching EGP 15.2 billion compared to EGP 11.3 billion during the same period last year.
This performance reflects the company’s continued focus on strengthening cash generation, improving collection efficiency, and maintaining healthy cash flows to support its expanding development pipeline.
The simultaneous growth in sales, deliveries, and cash collections highlights the resilience of Madinet Masr’s business model and its ability to balance commercial performance with project execution and financial discipline.
Madinet Masr Continues Implementation of Its Share Buyback Program
As part of its ongoing capital management strategy, Madinet Masr continued implementing its previously announced share buyback program, launched in June 2026.
The program includes the purchase of approximately 42.7 million treasury shares, representing 2% of the company’s total shares.
This initiative reflects Madinet Masr’s commitment to strengthening its capital management framework and enhancing long-term shareholder value.
Abdallah Sallam: Strong Results Reflect Customer Confidence and Operational Progress
Commenting on the company’s performance, Abdallah Sallam, President and CEO of Madinet Masr, stated that the results achieved during the third quarter and the first nine months of 2026 reflect the strength of the company’s business fundamentals and the continued confidence customers place in its developments.
He explained that the growth in net cash collections, alongside the increase in unit deliveries, demonstrates the company’s commitment to disciplined execution and sustainable growth.
Sallam added that Madinet Masr remains focused on accelerating development across its projects, expanding its diversified real estate portfolio, and delivering integrated communities that generate lasting value for customers and shareholders.
Expansion Plans Focus on Integrated Communities and Portfolio Diversification
Looking ahead, Madinet Masr continues to advance its long-term growth strategy through the development of its land portfolio, diversification of its residential and commercial offerings, and continued investment in integrated urban communities across strategic locations in Egypt.
The company aims to capitalize on its extensive development expertise and established presence in the Egyptian real estate market to sustain operational growth, strengthen financial resilience, and pursue emerging investment opportunities.
Through its continued focus on project execution, timely deliveries, and portfolio expansion, Madinet Masr seeks to reinforce its position in Egypt’s real estate sector while creating sustainable long-term value for its customers and shareholders.
