Zahraa Maadi Investment & Development (ZMID) targets at the completion of 16 buildings in the 10th zone in Zahraa Maadi city by the end of this March within a total cost of L.E62.8 million.
Karim Ahmed, the investor relation Officer, said that ZMID is currently selling 18 buildings worth L.E300 million in the 7th zone of the city, noting that the company had already sold 6 out of the 18 building since the beginning of this year.
Recording a decline of 5% during 2011, ZMID has achieved net profits of L.E111.43 million, compared to L.E117.274 million posted during 2010.
ZMID’s issued & paid-up capital was set at L.E50 million distributed on 10 million shares; the value of each share is L.E5.
Zahraa Maadi Investment & Development (ZMID) – established on March 1st, 1980 – undertakes a full array of developments as well as housing, tourism and investment projects.
