Cairo: Madinet Misr (EGX code MASR.CA) announced a treasury share buyback that was approved by the Board of Directors on June 28, 2026, which aims to purchase up to 2% of the company’s total shares.

The company will purchase 42.7 million shares, representing 2% of the company’s total shares, through trading on the open market, in compliance with the regulatory controls issued by the Financial Regulatory Authority and the Egyptian Stock Exchange .

This move reflects the company’s confidence in its financial performance and future growth prospects, which has been reflected positively in the stock’s performance recently.

This step is an extension of the company’s established policy of maximizing shareholder rights and maintaining a balance between operational growth and investment returns, reflecting its commitment to best practices in financial governance .

About the city of Egypt :

Madinet Misr, one of Egypt's leading real estate developers, was founded in 1959. Headquartered in Cairo, it was listed on the Egyptian Stock Exchange in 1996. Operating within a corporate structure based on governance principles, Madinet Misr is committed to delivering exceptional value to all stakeholders. Following its rebranding from Madinet Nasr to Madinet Misr in 2023, the company has become one of Egypt's most innovative real estate brands, building on its proven track record of delivering innovative, mixed-use projects aimed at driving growth in Egypt through the development of sustainable communities.

Madinet Misr has become one of Egypt's leading urban development and planning companies after developing Nasr City, the largest district in Greater Cairo with a population of over three million. Since then, the company has undertaken large-scale projects transforming vast tracts of land into modern, integrated communities. Today, Madinet Misr boasts a land portfolio of 12.6 million square meters and owns two flagship projects: Taj City and Sarai, both located in East Cairo. Taj City is a 3.6 million square meter mixed-use development that serves as a cultural hub. Sarai, spanning 5.5 million square meters, is a strategically located mixed-use development opposite the New Administrative Capital. In 2023, Madinet Misr launched Zoho, its first expansion project outside Cairo Governorate. Zoho is a 104-acre mixed-use development strategically located west of Assiut Governorate, adjacent to Assiut Airport and just 15 minutes from the city center. The project offers modern living in Upper Egypt.

Among the most important strategic partnerships signed in 2024 were the development of a project in New Heliopolis City, spanning 491 acres, and the development of an integrated residential urban project in the fourth phase of Mostakbal City, covering 238 acres (approximately one million square meters) . A contract was also signed for the development of 42 acres of land in New Heliopolis City, in partnership with Zahraa Maadi for Investment and Development.

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