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Misr City Housing Buys 698,820 Shares
Madinat Misr for Housing and Development announced the purchase of 698,820 treasury shares during last Thursday's trading session, based on the decision of the Board of Directors issued on June 28, 2026. The company recorded a net profit of 1.02 billion Egyptian pounds in the first half of 2026, a decrease from 1.28 billion pounds in the same period of 2025, while its revenues increased to 5.13 billion pounds compared to 4.79 billion pounds. Meanwhile, the profits of the non-consolidated financial statements declined to 908.46 million pounds versus 1.22 billion pounds in the first half of 2025.
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