Madinet Masr Executes 42.7 Millon Shares as Part of its Treasury Stock Buyback Program
Madinet Masr (EGX code: MASR.CA), one of Egypt’s leading real estate developers, has announced the execution of part of its treasury stock buyback program, which was approved by the Board of Directors during its meeting held on March 6, 2025. The program aims to purchase up to 4% of the company’s total share capital, equivalent to approximately 85.4 million shares.
To date, Madinet Masr has successfully purchased 42.7 million shares, representing 2% of its capital, through open market transactions, in full compliance with the regulatory guidelines issued by the Financial Regulatory Authority and the Egyptian Exchange.
This move reflects the company’s confidence in its financial performance and future growth prospects, which has been positively reflected in the stock’s recent performance
The initiative aligns with the company’s longstanding commitment to maximizing shareholder value while maintaining a balance between operational growth and investment returns, in line with best practices in financial governance.
