Madinet Nasr for Housing & Development (MNHD)
Rank: 38
Country: Egypt
CEO: Abdallah Sallam
Date of establishment: 1959
MNHD was initially established to develop 40 million square meters of land in Nasr City, which is home to three million people. In October 2021, MNHD announced that it had acquired MINKA Developments from the Sallam family. The Sallam family will own 5% of MNHD when the transaction is finalized, becoming its third largest shareholder after BPE Partners’ Managed Funds (29%), and the National Company for Construction and Development (15%).