MNHD

Madinet Nasr for Housing & Development (MNHD), founded in 1959 and listed on the Egyptian Exchange in 1996 (MNHD.CA), is one of the leading real estate development companies in Egypt with strong brand recognition. In 2007, BPE-managed investment vehicles acquired 32% of MNHD. Since the acquisition the company has undergone a full transformation in all aspects of its operation. As of 2017, MNHD had developed approximately 40 million sqm of land in Cairo’s suburbs, which are now home to 3 million people. The company controls a sizeable land bank of approximately 9 million sqm currently under development across 6 different projects. 3.5 million sqm of the land bank are located in a prime location near Cairo International Airport and 5.5 million sqm are strategically located on the Suez Road in East Cairo, in close proximity to the new administrative capital.

Through MNHD, B Investments looked to invest in a market leader in the growing middle-income segment with a highly liquid balance sheet free of any outstanding disputes or liabilities. The investment falls under B Investments’ strategy of capturing high quality growth capital opportunities, with MNHD’s top-tier management, brand equity, and effective corporate structure set to fully leverage this market opportunity.