Egypt - Under a protocol signed with the Ministry of Social Solidarity, Emaar Misr Developments (EMFD) announced a donation of EGP 40 million to Misr El Kheir Foundation, according to the statement released to the Egyptian exchange.

On April 7th, Emaar Misr's board of directors approved the donation to Misr El Kheir Foundation, in addition to supporting the Egyptian government with EGP 10 million.

Emaar Misr posted a net consolidated profit of EGP 1,739,273,874, a 49% YoY decline from EGP 3,418,901,347 achieved in 2018.

Nevertheless, the standalone net profit reached EGP 1,739,273,874, compared to EGP 3,418,901,347 posted a year ealier.

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