Madinet Nasr for Housing & Development (MNHD)
Madinet Nasr for Housing & Development (MNHD) is a leading real estate development company in Egypt. MNHD was founded in 1959 as a public company before being offered on the Egyptian Exchange through an IPO in 1995.
Since its inception, MNHD has been developing mega projects to serve the needs of thousands of middle-income Egyptians along with the installation of infrastructure and utilities.
Initially, MNHD was entrusted with the principal mission of developing 4.5 million sqm of Nasr City land as well as other nearby areas on the outskirts of Cairo.
- In December 2006, Beltone Private Equity acquired 30.88% of MNHD through a successful tender offer. The acquisition triggered a reformation wave in the company and the Board of Directors was restructured in January 2007. Accordingly, a new team, combining international experience with the local know-how, was appointed to focus on unlocking the potential of the company’s extensive land bank and leading MNHD into a new era.