Egypt real estate brief
Emaar Misr More Than Doubles Nine-Month Profit to EGP 9.8 Billion
An RE brief based on a story published by Al Borsa on 12 November 2026.
Read the full story at the sourceThe story in brief
Emaar Misr for Development reported net profit of EGP 9.83 billion in the first 9 months of the year, up 129% from the same period in 2025, while revenue reached EGP 18.96 billion. Last month, the company appointed BDO Keys Financial Consulting to determine the fair value of its shares and Sky Tower’s shares ahead of a proposed acquisition of the remaining stake through a share swap.
Key numbers
- 129%
- Profit growth in the first 9 months
- EGP 9.83 billion
- Profit in the first 9 months
- EGP 18.96 billion
- Revenue in the first 9 months
- 75%
- Remaining stake targeted in Sky Tower
- 100%
- Target ownership in Sky Tower
- EGP 4.2 billion
- Foreign-exchange losses in Q2
Why it matters for brokers
Emaar Misr is seeking 100% ownership of Sky Tower through a share swap, issuing new shares to the seller’s shareholders without cash outflows. The company says the acquisition is intended to expand its land and ready-property assets portfolio and integrate construction operations.
RE's reading of the story. It is not part of the original report and not investment advice.