Cairo - Mubasher: El Ebour Real Estate Investment has launched a new branch in Abu Dhabi, in line with its growth strategy to explore opportunities outside the local market, especially in key regional markets.

The UAE-based branch will study implementing projects in the Gulf country’s construction sector, according to a bourse filing.

However, this expansion will not have a material impact on the EGX-listed firm’s consolidated financial statements.

El Ebour highlighted that any further material developments will be disclosed in due course.

In 2024, the company announced plans to ink contracting agreements in Saudi Arabia and the UAE, after the board members agreed to establish a new subsidiary in the UAE.