A strong boom in sales to record 3.8 billion pounds...and an increase in profits by 485%

As a culmination of the management strategy...

Cairo: Arab Developers Holding Company (registered with the code ARAB on the Egyptian Stock Exchange) announced the results of the third quarter of 2023, which showed the company’s success in achieving the highest sales in its history amounting to 1.355 billion pounds during the period (July-September) of 2023 by Growth of 272% - the highest growth rate among real estate companies listed on the stock exchange - and the company achieved a surge in net profit during the same financial period with a growth rate of 984%, reaching 36 million pounds.

This comes as a continuation of the success of the management of Arab Developers Holding Company, led by Dr. Ayman bin Khalifa, CEO and Managing Director, in adopting innovative plans to maximize the benefit of the company’s diverse assets (residential, commercial, and hotel), and implementing projects that fulfill the aspirations and needs of customers, which reflects the achievement of High and sustainable financial returns in the long term.

The Arab Developers Holding Company was able to sell 532 residential units during the third quarter of 2023, achieving sales amounting to 1.355 billion pounds, with a total area of about 54.7 thousand square meters, compared to 361 units for an amount of 498 million pounds, with a total area of about 19.5 thousand square meters during the same period of the year. The past, thanks to the unlimited flexibility in the mix of units available to customers, as well as overcoming various current challenges related to real estate activity.

Arab Developers Holding was able to deliver 72 units with a total area of about 7.7 thousand square meters during the third quarter of 2023, compared to 220 units with a total area of about 15.6 thousand square meters last year, bringing the total number of units delivered to 451 units during the first quarter. 9 months of the current year, and as a result of the increase in the qualitative volume of revenues, the company succeeded in achieving a surge in net revenues to reach 185 million pounds during the third quarter of 2023, with a growth rate of 84%, and the total profit reached 105 million pounds, with a growth rate of 161%, and the share of shares increased. profits to 0.03 pounds during the same period.

Regarding the performance of Arab Developers Holding during the first nine months of 2023, the company achieved growth in sales to reach 3.818 billion pounds - the highest sales value achieved by the company in this period since its founding - with a growth rate of 274%, and net revenues reached 872 million pounds. During the period from (January 1 to September 30) in 2023, compared to 690 million pounds during the similar period last year, with a growth rate of 126%, and the total profit amounted to 309 million pounds, compared to 220 million pounds, with a growth rate of 141%, and net profit reached 90 million pounds, compared to 19 million pounds during the comparison period, with a growth rate of 485%.

In this regard, Dr. Ayman bin Khalifa, CEO and Managing Director of Arab Developers Holding Company, said that the boom achieved in the company’s business results during the first nine months of 2023 came as a result of implementing an integrated plan based on two axes: The first is to develop the company’s existing projects by increasing the volume of spending on construction work, which rose to 790 million pounds during the first 9 months of this year, compared to 539 million pounds during the same period last year, which reflects the management’s keenness to quickly deliver units to customers on the dates agreed upon with the company. Improving the quality of the product, and the second axis is exploiting the high demand for real estate by offering various units that meet the needs of a wide segment of customers while providing competitive and diverse payment systems.

He added that the management plan of the Arab Developers Company resulted in the company achieving the highest sales in its history during the nine-month period, amounting to 3.8 billion pounds, a growth rate of 274%, and increasing net profit during the same period by 485%, which is reflected in achieving high returns for shareholders, and supporting the state’s plans to increase The volume of investments to provide more job opportunities and increase the growth rate of the gross domestic product, stressing that the company is on its way to record the largest sales and profits in its history this year, and we will work to achieve increasing positive growth in the coming years.

The strong business results of Arab Developers Holding Company were reflected positively in the performance of the company’s shares listed on the Egyptian Stock Exchange, which rose by 122% from January 1 until the end of the trading session on November 13, reaching the level of 1.09 pounds, in addition to the distribution of one free share for every 10 original shares. To shareholders on August 9th.

The stock of Arab Developers Holding Company succeeded in achieving the second highest rate of rise among real estate companies listed on the stock exchange, which indicates the confidence of investors from local and foreign financial institutions and funds in the strength of the company’s financial performance, and its distinction from other listed real estate companies due to the diversity in the size of the land portfolio that the company owns. Inside and outside the country, strong management with expertise in the real estate and financial sectors is capable of achieving high growth rates during the coming period.

Arab Developers Holding Company seeks to move forward in increasing sales levels in conjunction with providing a flexible package of various payment methods, as well as keeping pace with various challenges related to the prices of inputs for activity components, allowing for an increase in the growth rates achieved by the company and achieving better results by the end of the current year. The company expects to launch... External projects during the year 2024, by moving forward with finalizing the procedures for the Porto Agadir project, and completing the stages of the Porto Dead Sea project.

It is noteworthy that the issued and paid-up capital of the Arab Developers Holding Company amounted to about 772.4 million pounds on November 14, 2023, distributed among 1.3 billion shares with a nominal value of 0.6 pounds, and the total ownership rights on September 30, 2023 amounted to about 1.3 billion pounds, with a book value per share of 0.99 pounds.

#Corporate data
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About Arab Developers Holding:

Arab Developers Holding Company owns a comprehensive and rapidly growing portfolio of integrated real estate destinations, and has succeeded in becoming one of the leading real estate development companies in the region in record time. The company also contributed to reshaping the real estate map in the Egyptian market in innovative ways and methods over the course of 16 years of creativity and hard work, by developing a group of luxury real estate projects that meet the needs of customers and investors, and which include a package of innovative features that enhance the modern lifestyle and luxury and reach... To unparalleled levels.

The company offers a diverse range of distinguished real estate projects that celebrate innovative lifestyle and include a series of the finest services through unparalleled real estate options in emerging markets around the world. The company's portfolio of projects includes luxury palaces and villas, upscale shopping centers, international golf courses, hotels and hotel apartments for an incomparable modern life.

© Press Release 2023