Egyptian Real Estate Group is a publicly listed company on the Egyptian Stock Exchange since February 1998. It operates in the real estate sector with a focus on retail real estate investment. The headquarters of the Egyptian Real Estate Group is located in Giza, Egypt, and it was established in February 1986. The company’s founding date is February 1, 1986.
The financial statements of the Egyptian Real Estate Group revealed a marginal increase in its profits during 2023 on an annual basis.
In a statement sent to the Egyptian Stock Exchange today, the company explained that it recorded a net profit of EGP 12.235 million during 2023, compared to EGP 12.136 million in 2022.
The company’s revenues increased during the past year to EGP 33.704 million, compared to EGP 30.188 million in 2022.
It is worth mentioning that the Egyptian Real Estate Group reported a net profit of EGP 12.99 million from January to June 2023, compared to EGP 8.84 million during the first half of 2022.
The company’s revenues during the first six months of the current year rose to EGP 28.15 million, compared to EGP 22.12 million in the same period of the previous year.
The Egyptian Real Estate Group (ERG) is a prominent and well-established company operating in the real estate sector in Egypt. Since its listing on the Egyptian Stock Exchange in February 1998, ERG has positioned itself as a key player in the industry, specializing in retail real estate investment.
Headquartered in Giza, Egypt, ERG was founded in February 1986, boasting a rich history and extensive experience in the sector. Over the years, the company has demonstrated its commitment to excellence, professionalism, and innovation, earning a solid reputation in the market.
ERG’s core focus lies in the development, management, and investment of retail properties. Leveraging its expertise and market insights, the company identifies strategic locations and invests in projects that cater to the evolving needs and preferences of consumers. By creating attractive retail spaces, ERG contributes to the growth and vibrancy of commercial hubs, enhancing the overall urban landscape.
ERG’s success can be attributed to its strong leadership, dedicated team, and commitment to corporate governance. The company embraces a customer-centric approach, aiming to exceed expectations and foster long-term relationships with its stakeholders. Through continuous innovation and adaptation to market dynamics, ERG remains agile and responsive to emerging trends, ensuring its sustained growth and profitability.
