Al Maadi for Development & Construction

Description

Maadi Company for Development and Reconstruction is a distinguished Egyptian joint-stock company established in 1904.As a subsidiary of the Holding Company for Construction and Development under the Ministry of Public Business Sector, it has played a pivotal role in Egypt’s urban development over the past century.

Historical Background:

Originally, Maadi Company developed the Maadi neighborhood in Cairo, a significant area known for its residential and commercial developments. Over the years, the company has expanded its portfolio to include various projects across Egypt, contributing to the nation’s urbanization and infrastructure development.

Vision and Objectives:

Maadi Company aspires to:

• Become one of the five most successful real estate development companies in Egypt and the Middle East.
• Expand its real estate investment sector and other targeted sectors to achieve higher volumes of work and profits.
• Position the company in a manner proportional to its historical significance.

Key Projects:

The company has been involved in several significant projects, including:

• Maadi View El Shorouk: A residential development project located in El Shorouk City.
• New Fustat City – Phase II: An extension of the New Fustat City project, focusing on urban development and infrastructure.
• Maadi Valley Project: A residential and commercial development aimed at enhancing the Maadi area.
• Degla Maadi Project – Fifth District: A project targeting the development of the fifth district in Maadi.
• Zahraa El-Maadi Project: A large-scale development project in the Zahraa El-Maadi area.
• New Maadi Project: An initiative to develop new residential and commercial spaces in the Maadi region.
• Maadi El-Sarayat/Degla Hadayek El-Maadi: A project focusing on the development of the El-Sarayat and Degla Hadayek areas in Maadi.

Financial Performance:

The company’s financial indicators for the fiscal year 2022/2023 are as follows:

• Net Operating Revenue: 1,441,512,000 EGP
• Net Income: 441,036,000 EGP
• Total Investment: 1,472,650,000 EGP
• Working Capital: 1,867,303,000 EGP

Leadership:

The company’s leadership team includes:

• Eng. Mohamed Mostafa Saad: Non-Executive Chairman
• Eng. Sadek Soliman Sadek: Managing Director & CEO
• Eng. Marwan Ahmed Awadalla: Managing Director for Technical Affairs
• Acc. Yehia Abou El Fettouh Ibrahim: Part-Time Board Member
• Counselor. Tamer El Batanony: Part-Time Board Member
• Mrs. Magda Abdel Razik Mostafa: Elected Board Member