Cairo - Mubasher: The board of El Obour for Real Estate Investment has decided to establish a new subsidiary in the UAE.
The new real estate investment unit will be based in Dubai as a limited liability entity after completing all regulatory and necessary governmental approvals, according to a bourse filing.
In July 2025, El Obour Real Estate inaugurated a new branch in Abu Dhabi, in a step aligning with the company’s growth strategy to expand beyond the local market and capitalize on opportunities in major regional markets.
It is worth noting that during the first nine months (9M) of 2025, the real estate developer logged higher consolidated net profits after tax at EGP 38.81 million, compared to EGP 12.68 million in 9M-24.
