Tatweer Misr considers 2027 listing

Egyptian developer Tatweer Misr is reportedly exploring a listing on the local bourse by next year.

An initial public offering, or the entry of a strategic investor by 2027, forms part of a five-year strategy that began this year, CEO Ahmed Shalaby told Asharq Business.

The company will invest EGP15 billion ($318 million) in 2026, up 50 percent from last year, primarily on construction work and land payments. It expects to deliver 2,200 residential units this year.

Tatweer Misr is targeting a 72 percent year-on-year increase in sales to EGP43 billion in 2026. Its sales fell 22 percent to EGP25 billion in 2024, the report said.

The company is considering acquiring land inside and outside of Egypt, with advanced negotiations underway for a plot in Oman, Shalaby said.  

No details on the Oman project were given.

The developer will also launch a multi-issue securitisation programme worth EGP20 billion over five years. It aims to execute two issuances this year, totalling between EGP2 billion and EGP3 billion, with the first issuance expected in the first six months.

Shalaby predicted real estate prices will increase by 15 percent in the coming period, driven by rising costs. 

Tatweer Misr owns a land portfolio of 7.4 million square metres, comprising 34,000 residential units across six projects in the North Coast, East and West Cairo and Ain Sokhna.

Further reading:

• Egypt’s rush for luxury Gulf real estate could be an own goal
• Egypt targets $500m from Cairo land sale
• Egypt targets $7bn from land sale to expatriates