Madin records 2.2B dirhams gain in H1
City Holdings achieved record financial results during the first half of 2026, recording revenues of AED 9.2 billion, representing a 40% increase compared to the same period last year. Net profits amounted to AED 2.2 billion, a modest increase of approximately 4%. These results were driven by the diversification of business sectors, advancements in real estate development projects, stable leasing income, as well as strong performance from its international and local projects such as "Al Hadeeriyat Golf Estates" and "Wadi Yom" in Egypt. Additionally, the group saw a rise in real estate sales to AED 26 billion, while the total value of its ongoing projects reached a record AED 65.4 billion, reflecting sustained demand for its developments and reinforcing its vision for sustainable growth and long-term value creation. City’s results are based on a diversified business model, supported by strong liquidity, with a net debt to adjusted profits ratio of 0.18 times, and expectations of further growth through its development projects and reliable delivery timelines.
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