United Housing & Development

Operates in the housing and real estate industry. The Company is primarily engaged in real estate investment activities in Alexandria governorate, as well as in other governorates. It purchases, reclaims and sells land and property, develops housing and construction projects, and is also engaged in financial leasing. During 2010, the Company has completed Hurmain Commercial and Residential Project, which is a mix of commercial and housing development. The Company.s other projects include Al Seyouf Lands, which are properties owned by the Company to be developed, Sixth of October City Project, Loran Building Project, and Al Masifa Building Projects (Mersa Matrouh).
Financial Performance:
The company.s authorized capital stands at EGP400mn, with a paid in capital of EGP108.75mn distributed over 87mn shares with a par value of EGP1.25/share. Market Cap (in 2010) EGP 189.1M. 2010 revenue EGP48M vs. EGP33M in 2009.