El Shams Housing & Urbanization (ELSH)

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News

28 January 09:15 PM Al Shams Housing’s stock tests key support amid selling pressure

Cairo – Mubasher: Technical analysis indicates that Al Shams Housing and Urbanization's stock experienced a sharp decline starting in November 2025, and the price is currently testing a significant support level around EGP 6.95. Mubasher noted …

Trading Activities

16 January 2022 05:03 PM FRA approves Al Shams Housing’s capital increase

Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Al Shams Housing and Urbanization to increase its capital. The listed company's disclosure includes an EGP 45.37 million rise in …

Companies Investments

9 January 2022 03:21 PM Al Shams Housing awards part of NAC project to Olive Tree

Cairo – Mubasher: The board of Al Shams Housing and Urbanization approved a recommendation of awarding a contract to Olive Tree Development for E4 land plot, which is part of the R7 residential community in its project in the New Administrative …

Real estate

21 September 2021 01:08 PM Al Shams Housing to sign deal with EALB to sell financial portfolio

Cairo – Mubasher: The board of directors of Al Shams Housing and Urbanization approved a decision to enter into an agreement with the Egyptian Arab Land Bank (EALB) to sell a financial portfolio.  The board also agreed on resolving a dispute with …

Banking and Finance

28 June 2021 00:26 PM Technolease ups stake in Al Shams Housing for EGP 14.6m

Cairo - Mubasher: Bayt El Khebra for Leasing (Technolease) raised its stake in Al Shams Housing and Urbanization to 1.59% from 0.055%. The transaction involved the purchase of 2.8 million shares for EGP 14.61 million, averaging EGP 5.22 per share, …

Insider Trading & Treasury Stocks

24 June 2021 01:34 PM Al Shams Housing offers land plots, buildings for sale in public auction

Cairo - Mubasher: Al Shams Housing and Urbanization's board of directors decided to offer several land plots and residential buildings at the company's project in Sixth of October City for sale in a public auction.  The board also awarded the …

Corporate Actions

10 June 2021 04:01 PM Al Shams Housing's profit inches down in Q1-21

Cairo – Mubasher: Al Shams Housing and Urbanization reported net profits of EGP 49.26 million during the first quarter (Q1) of 2021, slightly down from EGP 49.4 million in the year-ago period. The sales grew to EGP 117.87 million in the …

Financial Results

10 March 2021 03:30 PM Al Shams Housing's profit up 10% in 2020 initial results

Cairo – Mubasher: Al Shams Housing and Urbanization achieved net profits of EGP 149.67 million in 2020, up by 10.4% year-on-year (YoY) from EGP 135.58 million, the unaudited financial results showed. Revenues increased to EGP 326.9 million last …

Financial Results

18 February 2021 01:38 PM Al Shams Housing names new chairman

Cairo – Mubasher: The board of directors of Al Shams Housing and Urbanization approved the appointment of Mohamed Ahmed Elwan El-Dib as the company’s chairman and managing director. The board also decided to appoint Ayman Abu Bakr Mohamed, Tamer …

Board of Directors

15 July 2020 00:19 PM Al Shams Housing's board approves capital raise to EGP 500m

Cairo – Mubasher: The board of directors of Al Shams Housing and Urbanization approved a proposal to increase its authorised capital to EGP 500 million. The proposal is still subject to shareholder approval, the company said in a bourse disclosure …

Corporate Actions

15 March 2020 04:44 PM Al Shams Housing proposes EGP 0.10/shr dividend for 2019

Cairo – Mubasher: The board of directors of Al Shams Housing and Urbanization recommended a cash dividend distribution of EGP 0.10 per share for 2019. The proposal will be referred to the company’s shareholders for approval, the company said in …

Cash Dividends

19 February 2020 04:11 PM Al Shams Housing’s profits plummet in 2019

Cairo – Mubasher: Al Shams Housing and Urbanization has reported a 34.6% year-on-year profit decline during the fiscal year 2019. The company’s net profit dropped to EGP 135.58 million in 2019, compared to EGP 207.4 million a year earlier. Revenue …

Real estate

13 January 2020 01:48 PM Al Shams Housing targets EGP 187m profit in 2020

Cairo – Mubasher: The board of Al Shams Housing and Urbanization has approved the company’s budget plan for 2020. The company seeks to achieve profits of EGP 187.45 million in 2020, up from a target of about EGP 150.36 million for the fiscal …

Real estate

24 November 2019 01:40 PM Al Shams Housing gets regulatory nod to raise capital to EGP 181.5m

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved increasing the issued capital of Al Shams Housing and Urbanization to EGP 181.5 million from EGP 121 million. The company’s capital will be raised by EGP 60.5 million, …

Real estate

6 November 2019 00:30 PM Al Shams Housing’s board approves EGP 60.5m capital hike

Cairo – Mubasher: The board of Al Shams Housing and Urbanization has approved the increase of the company’s issued capital to EGP 121 million from EGP 181.5 million through the issuance of bonus shares. The company’s capital will be increased by …

Real estate

4 November 2019 03:14 PM Al Shams Housing’s 9M unaudited financials post 43% profit drop

Cairo – Mubasher: Al Shams Housing and Urbanization reported a 43.2% year-on-year decline in its net profits during the first nine months of 2019, the company’s unaudited financial results showed. Net profits shrank to EGP 96.96 million in the …

Financial Results

9 October 2019 04:11 PM Egypt’s FRA approves Al Shams Housing’s capital raise procedures

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) has approved publishing the disclosure form of Al Shams Housing and Urbanization to proceed in its capital hike procedures, according to a bourse disclosure on Wednesday.  In …

Corporate Actions

5 September 2019 00:11 PM Al Shams Housing’s board approves raising capital to EGP 181.5m

Cairo – Mubasher: Al Shams Housing and Urbanization’s board of directors approved increasing the company’s issued capital to EGP 181.5 million from EGP 121 million. In addition, the board also approved signing a contract with Perfect Consultancy …

Board of Directors

21 August 2019 04:40 PM Al Shams Housing’s profit falls to EGP 74m in H1

Cairo – Mubasher: Al Shams Housing and Urbanization reported a 45.56% year-on-year profit decline during the first half of 2019. Net profits plunged to EGP 73.90 million in the six-month period ended 30 June, compared to EGP 135.75 million in the …

Financial Results

30 July 2019 09:55 PM Al Shams Housing invests EGP 3.4bn in SOLANA New Capital

Cairo – Mubasher: Al Shams Housing and Urbanization on Tuesday announced that the cost of its SOLANA New Capital project amounted to EGP 3.41 billion ($205.96 million). The project includes residential buildings, infrastructure, a mosque, …

Real estate

15 May 2019 02:28 PM Al Shams Housing's Q1 profit drops 51% on lower sales

Cairo – Mubasher: Al Shams Housing and Urbanization reported a 51.2% year-on-year profit decline during the first quarter of 2019. The company’s net profits amounted to EGP 36.18 million in Q1-19, compared to EGP 74.19 million in the year-ago …

Real estate

24 April 2019 00:38 PM Al Shams Housing to distribute EGP0.50/shr dividends for FY18

Cairo – Mubasher: Al Shams Housing and Urbanization’s ordinary general meeting (OGM) has approved the board’s proposal of distributing cash dividends worth EGP 0.50 per share to shareholders for fiscal year 2018. The OGM has endorsed using EGP …

Corporate Actions

15 February 2018 04:18 AM MubasherTrade recommends buy on El-Shams

Cairo - Mubasher: MubasherTrade Research has initiated coverage on the stock of El-Shams Housing and Urbanization with a Buy/Moderate Risk rating, according to a note issued on Wednesday. The research firm also set the stock's price target (PT) at …

Ratings

5 February 2018 01:41 PM Al Shams Housing eyes EGP 215m profits in 2018

 Cairo – Mubasher: Al Shams Housing and Urbanization on Monday revealed that it targets a 256.7% year-on-year increase in profits as part of its estimated budget of 2018. The Egypt-based firm is seeking to generate profits worth about EGP 215.26 …

Companies Investments

19 June 2017 11:25 AM Al Shams Housing mulls EGP 1bn residential project with NUCA

Cairo – Mubasher: Al Shams Housing and Urbanization said Monday that the EGP 1 billion partnership project with the New Urban Communities Authority (NUCA) is still under study, according to a bourse filing. A local newspaper reported that Al Shams …

Companies Investments