GDR Documents
Results Center
Consolidated financial statements
Q1
2020
MNHD Cons FS Mar 2020
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Q4
2019
MNHD Cons FS Dec 2019
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Q3
2019
MNHD Cons FS Sept 2019
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Q2
2019
MNHD Cons FS June 2019E
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Q4
2018
MNHD Cons FS 12-2018E
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Q3
2018
MNHD Consolidated FS SEP 2018
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Q2
2018
MNHD Consolidated FS June 2018
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Q1
2018
MNHD Consolidated FS March 2018
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Q4
2017
MNHD Consolidated FS 31 Dec 2017 English Version
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Q3
2017
MNHD Consolidated FS Sep 2017
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Q2
2017
Consolidated Financial Statements June 2017
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Q1
2017
MNHD Consolidated FS March 2017
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Q4
2016
Consolidated Financial Statements December 2016
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Q3
2016
Consolidated Financial Statements September 2016
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Q2
2016
Consolidated Financial Statements June 2016
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Q1
2016
Consolidated Financial Statements March 2016
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Q4
2015
Consolidated Financial Statements December 2015
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Q3
2015
Consolidated Financial Statements September 2015
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Q2
2015
Consolidated Financial Statements June 2015
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Q1
2015
Consolidated Financial Statements March 2015
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Q4
2014
Consolidated Financial Statements December 2014
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Q3
2014
Consolidated Financial Statements September 2014
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Q2
2014
Consolidated Financial Statements June 2014
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Q1
2014
Consolidated Financial Statements March 2014
DownloadStandalone Financial Statements
Q1
2020
MNHD Standalone FS Mar 2020
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Q4
2019
MNHD Standalone FS Dec 2019
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Q3
2019
MNHD Standalone FS Sep 2019
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Q2
2019
MNHD Standalone FS June 2019E
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Q4
2018
MNHD Standalone FS 12-2018 E
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Q3
2018
MNHD Standalone FS SEP 2018
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Q2
2018
MNHD Standalone FS June 2018
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Q1
2018
MNHD Standalone FS March 2018
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Q4
2017
MNHD Standalone FS 31 Dec 2017 English Version
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Q3
2017
Standalone Financial Statements Sep 2017
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Q2
2017
Standalone Financial Statements June 2017
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Q1
2017
MNHD Standalone FS March 2017
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Q4
2016
Standalone Financial Statements December 2016
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Q3
2016
Standalone Financial Statements September 2016
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Q2
2016
Standalone Financial Statements June 2016
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Q1
2016
Standalone Financial Statements March 2016
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Q4
2015
Standalone Financial Statements December 2015
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Q3
2015
Standalone Financial Statements September 2015
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Q2
2015
Standalone Financial Statements June 2015
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Q1
2015
Standalone Financial Statements March 2015
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Q4
2014
Standalone Financial Statements December 2014
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Q3
2014
Standalone Financial Statements September 2014
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Q2
2014
Standalone Financial Statements June 2014
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Q1
2014
Standalone Financial Statements March 2014
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News
Q1
2018
Additional Heights
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PR
2019
PR release- Taj and Sarai
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PR
2019
Press Release – Orange Tag Sultan
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PR
2019
Sallam Land Sale E&A
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Q1
2018
MNHD PR Taj City NP approval
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Q1
2018
MNHD PR letter to Sodic
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Q1
2018
MNHD Cables PR
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Q1
2018
Press release 2018
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Q1
2018
PR Sarai S2 launch
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Q1
2017
News January 2017
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Q4
2016
News December 2016
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Q4
2016
News November 2016
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Q4
2016
News October 2016
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Q3
2016
News September 2016
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Q3
2016
News August 2016
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Q2
2016
News June 2016
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Q2
2016
News May 2016
DownloadDisclosures
Q3
2020
MNHD 1H 2020 Earnings Release – A&E Final
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Q2
2020
MNHD PR Sales Flash Note
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Q1
2020
MNHD PR Pre sales 2019 Jan 2020
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Q3
2019
MNHD Q3 2019 Earnings Results E – Final
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Q2
2019
MNHD 1H 2019 Earnings Results – E – FINAL 2
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Q1
2019
MNHD Q1 2019 Earnings Results
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Q4
2018
MNHD Q4 2018 Earnings Results
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PR
2018
MNHD PR Sales Flash Note – 2018
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Q3
2018
MNHD Q3 2018 Earnings Results E – final
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Q2
2018
MNHD Q2 2018 Earning Results
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Q2
2018
DISCLOSURE
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Q1
2018
MNHD Q1 2018 Earning Results
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Q1
2018
MNHD PR Sales flash note Q1 2018
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Q1
2018
2018 disclosure
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Q4
2017
MNHD Q4 2017 Earning Results
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Q3
2017
Q3 2017 earning result
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Q3
2017
PR sales flash note Q3 2017
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Q3
2017
DISCLOSURES 2017 Q3
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Q3
2017
DISCLOSURES 2017 Q3
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Q2
2017
DISCLOSURES 2017 Q2
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Q2
2017
Q2 2017 earning result
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Q2
2017
Q2 2017 Earning result
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Q1
2017
PR Sales flash note jan 2017
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Q1
2017
Q1 2017 Earning result
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Q1
2017
DISCLOSURES 2017 Q1
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Q1
2017
DISCLOSURES 2017 Q1
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Q4
2016
DISCLOSURES 2016 Q4
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Q3
2016
DISCLOSURES 2016 Q3
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Q2
2016
DISCLOSURES 2016 Q2
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Q1
2016
DISCLOSURES 2016 Q1
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Q1
2016
2016 earning result
DownloadPresentations And Publications
Investor Presentations
4Q
2018
Investor Presentations
DownloadCorporate Governance
Overview
Madinet Nasr for Housing and Development's corporate governance structure has been set by the Board of Directors in line with the company's commitment to maintain high international standards of corporate governance best practices to protect the interest of all stakeholders and from its belief that effective corporate governance is fundamental to the success of the business.
The Board is committed to achieve the highest standards of corporate governance, corporate responsibility and risk management in directing and controlling the business.
Board Of Directors
Mr. Hazem Barakat
Non-Executive Chairman - BIG Investment Group (BIG)
Hazem Barakat, co-founded BPE Partners (Formerly Beltone Private Equity) in partnership with Beltone Financial, with the vision to capitalize on his industry and operational expertise to invest in domestic and regional businesses with growth potential. Since joining the business, he has led the creation of three funds, including Beltone Capital, an opportunistic fund capitalized at US$ 85 million and valued at US$ 171 million. Other funds are Beltone Investment Group, a buyout fund which led the tender of a domestic real estate giant, capitalized at US$ 76 and currently valued at US$ 291 million, in addition to Beltone Retail, with total capital commitments of US$ 58 million. Mr. Barakat is also CEO of MIRACO-Carrier, which he co-founded as MIRACO in 1979 with its Chairman, Mr. Adel Barakat, to manufacture air-conditioners and residential and industrial refrigerators. MIRACO-Carrier has one of the largest manufacturing facilities of its kind in the Middle East. In 1999, Mr. Barakat established the Egyptian Confectionary Company and in 2001, he established the Engineering Plastic Manufacturing Company, the latter specializing in plastic injection utilized for both engineering products and in the packaged food industry. The factory is the only one of its kind in Egypt and one of the top 5 in the Middle East. Mr. Barakat is an experienced industrialist with in-depth knowledge of several industry types, diverse market segments and a wide range of operational areas. In addition, he is an experienced investor in private equity ventures as well as an accomplished business strategist. Mr. Barakat also has firsthand experience in the areas of distribution, industrial service, and the retail sector. Furthermore, he has practical knowledge of business start-up, successful management of the development phase, and capital markets interaction. Mr. Barakat graduated from the New York Institute of Technology in 1982 with a B.Sc. in Mechanical Engineering. He is currently Member of the Advisory Council of the School of Business, Economics, and Communication of the American University in Cairo and Member of the Board of Trustees of the Egyptian Economic Forum. He is a Member of the American Chamber of Commerce, the British Egyptian Business Association, and the Egyptian Businessmen’s Association. Previous directorships include the Egypt-US President’s Council.Mr. Ahmed El Hitamy
CEO - Expert
Mr. Ahmed El Hitamy is the CEO of MNHD, prior to that he held the position of General Manager since 2012.. In that position Mr. El-Hitamy is responsible for the management of the company, making executive decisions that ensure the sustainable growth of MNHD’s present and future projects. Bringing over 13 years of professional multidisciplinary experience to the company, Mr. El Hitamy joined MNHD from AIG where he held the position of SME Division Head Middle East prior to that Mr. El Hitamy has held numerous prestigious positions within the industry working for illustrious companies such as Skanska, & Balfour Beatty. Mr. El Hitamy Bachelor of Science degree in Construction Engineering from the American University in Cairo and later went on to achieve a Master’s in Business Administration.Ms. Moshira El Maghraby
Board Member - Representing Shareholders
Ms. Moshira El Maghraby is a Board Member and Shareholder at MNHD. Ms. El Maghraby represents the National Company for Construction and Development on the board.A seasoned professional in the management of real estate projects and companies, Ms. El Maghraby is the CEO of Maadi Real Estate Company, which is owned by the National Company for Construction and Development (NCCD).
Mr. Aladdin Saba
Board Member and Shareholder - BPE Holding Ltd.
Mr. Aladdin Saba is a Board Member, Shareholder at MNHD and represents BPE Holding on the board.Mr. Saba is the founder of Beltone Financial, an investment bank in the MENA region, operating in the fields of Asset Management, Corporate Finance, Brokerage, Private Equity, Research and Custody. Beltone Financial has offices in Egypt, UAE, Libya, London and the USA. Mr. Saba was a co-founder of Hermes Financial, which in 1996 became EFG-Hermes. Prior to founding Hermes he was a Senior Portfolio Manager at Kidder, Peabody & Co. Inc. in New York. He is a founding member of The Egyptian Investment Management Association in addition to The Egyptian Capital Markets Association. He is on the Board of Directors of The Egyptian Exchange, GB Auto and Madinet Nasr for Housing & Development.
Mr. Saba holds a Master’s degree in Business Administration from The Wharton School, and a further Master’s degree in Biomedical Engineering from the University of Pennsylvania. He obtained a Bachelor of Science degree in Biomedical Engineering from Cairo University.
Mr. Salah Katamish
Principal at BPE Partners - BIG Investment Group (BIG)
Mr. Katamish joined BPE Partners in 2008. He is responsible for BPE Partners’ investments in MNHD, TOTAL Egypt, PGESCo, BĒARD and Pickalbatros. Prior to joining BPE Partners, Mr. Katamish was a brand manager at Henkel Egypt, where he was responsible for the Persil (detergent) brand in Egypt. He holds a BA in Business Administration from the American University in Cairo and an MBA from London Business School.Executive Team
Mr. Ahmed El Hitamy
Chief Executive Officer
In that position Mr. El-Hitamy is responsible for the management of the company, making executive decisions that ensure the sustainable growth of MNHD’s present and future projects. Bringing over 13 years of professional multidisciplinary experience to the company, Mr. El Hitamy joined MNHD from AIG where he held the position of SME Division Head Middle East. Prior to that position Mr El Hitamy has held numerous prestigious positions within the industry working for illustrious companies such as Skanska & Balfour Beatty. Mr. El Hitamy Bachelor of Science degree in Construction Engineering from the American University in Cairo and later went on to achieve a Master’s in Business Administration.
Eng. Sherif Shawki
Senior Technical Director
Eng. Sherif Shawki is the Development and Design Director at MNHD, a position he has held since 2012. He was previously Development Manager at MNHD.Bringing three decades of experience to his current position Mr. Shakwi is primarily responsible for the urban designs of MNHD’s projects. During Mr. Shawki’s extensive career he has also worked with Al Shams for Housing & Development Co and Dr. El Saiee Office for Engineering Consultancy, in addition to holding a number of high level positions within the Ministry of Electricity and Water in Oman.
Eng. Shawki holds a Bachelor of Science in Engineering from Ain Shams University.
Eng. Mohamed Ghanem
Chief Development Officer
"With more than 25 years of experience in the real estate and construction industries mainly in international organizations, Eng. Ghanem brings to MNHD a strong developmental and architectural background, coupled with market insights and rich industry experience . Having started his career in a consultancy firm in UAE handling Sheikh Khalifa charity projects, Ghanem later returned to Egypt to join M.A. Kharafi Group handling Port Ghalib project at Marsa Alam. He further enriched his experience with 6 years at Turner International Middle East, where he managed Allegria residency project & Marassi projects in North Coast. Ghanem then moved to Mountain View as Development and Design Director overseeing several mega projects for the renowned real estate developer.In May 2018, Ghanem joined MNHD as Senior Director of Development.
With the spirit of the team, strategic business partnership to management and innovative vision, Eng. Ghanem is developing today, together with a team of engineers and analysts, Taj City with over 9 million Square meters in Cairo East. The mega project embraces superior designs incorporated by reputable international consultants that aim to provide our clients with better living quality and with the highest standards of services, facilities and infrastructure.
Eng. Emad El Didi
Senior Director-Operations
Eng. Emad Zakaria El DidiSenior Director – Operations
Eng. El Didi joins MNHD after 29 years of experience in the field of HVAC with multinational companies such as York and Carrier. He held various positions of increasing responsibilities with Miraco Carrier Egypt as well as SAMCO Carrier K.S.A. He later held the position of Managing Director for Shams Company Egypt for 3 years.
Since joining MNHD in 2016, Eng. El Didi has worked on restructuring the Operations division leading a team of engineers in the field of Facility Management, Handover and Delivery as well a Customer-focused Client Affairs Team and Call Center Data Analytics.
Eng. El Didi is a holder of a B.Sc in Petroleum and Mining Engineering from El Azhar University, 1984.
Mr. Mohamed Abdelsalam
Chief Financial Officer
Mr. Abdelsalam has over 30 years of increasingly responsible experience in auditing, financial & management consulting, transaction services, corporate finance, internal auditing, administration, operations and training gained through working at multinational leading accounting and investment Firms. Mr. Abdelsalam holds a Bachelor of Science in Business Administration with concentration in Accounting from University of Maryland, College Park, Maryland, USA. Mr. Abdelsalam is also a CPA , certified in State of Maryland and member of AICPA and also a fellow member of ESAA in Egypt.
Mr. Mohamed Al Badry
Legal Director
Mr. Mohamed Al Badry is MNHD’s Legal Director.Building on over 30 years of experience in his field Mr. Al Badry manages all the legal affairs of the company ensuring that MNHD maintains the highest ethical standards in-line with Egyptian law.
Mr. Al Badry obtained a Bachelor of Law degree from Cairo University in 1976 and is also a member of the Lawyers Union.
Mr. Fawzy Tawfik
Company Assets Director
Mr. Fawzy Tawfik is the Company Assets Director at MNHD.Building on his 3 decades of experience gained in MNHD, Mr. Tawfik's background in urban planning intricately qualifies him for the management of the finances and assets of the company ensuring the sustainable growth of shareholder investments, whilst supporting the financial growth of the company.
Mr. Tawfik holds a Bachelor’s Degree in Urban Planning, which he received from the Azhar University in 1979.
Mr. Ashraf Abaza
Director of the Board Affairs
Mr. Ashraf Abaza is the Director of the Board of Affairs.Since joining MNHD almost 30 years ago, Mr. Abaza has played a crucial role in the preparation, issuing and follow-up of the Board of Directors meetings and its decisions. Mr. Abaza played a pivotal role in the development of the company’s organizational structure and subsequent restructuring in the mid-nineties.
Mr. Abaza holds a Bachelor’s Degree in Economics & Political Science, which he received from Cairo University in 1982.
Arch. Mohsen Yousef
Head of Design Management
Arch. Mohsen Yousef has 26 years of experience working in the field of consultancy services at the executive management level in Egypt and the Gulf region, specializing in Design Management and Real Estate Development. After a successful career as Design Management Director at Palm Hills Developments, he joined MNHD in 2016 to head the design team.His responsibilities include managing design services with outsourced consultants, Participating in Portfolio Enhancement for Projects to maximize projects’ outcome and Applying Value Engineering for Company projects.
Prior to that, he started his professional career at Al Mousa Eng. Consultant Office and Experts for Eng. Consultant MZECH in Saudi Arabia, and in 2008, Arch. Mohsen relocated to Egypt to join Palm Hills Developments as Design Senior Manager.
Arch. Mohsen holds a bachelor's degree in Architectural Engineering from Cairo University.
Eng. Mohamed Lasheen
Taj City Project Director
A 2002 graduate of Arch. Engineering from Cairo University, Eng. Lasheen leads one of the unique mega projects of MNHD – Taj City, Today.Following his graduation he joined Agha Khan Cultural Services, where he oversaw the treatment of several cultural projects, as an architect and later as a site manager.
Eng. Lasheen joined MNHD in 2012 as Development Manager for Taj City. Since then he held positions of increasing responsibility. The latest, being the Project Director for Taj City
Maged Tobgy
Acting Senior Sales Director
Holder of Bsc in Pharmacy, Maged has been in the real estate market since 2008. Maged started his career with Damac in 2008 later moved to Palm Hills where he grew his sales and career to reach Sales Team Leader in 2016.In mid 2016, Maged moved to Madinet Nasr for Housing and Development developing the Sales Strategy and teams. He handles the direct and indirect sales channels.