Abu Dhabi’s Aldar Mulls Buying Stake in Egypt’s Medinet Nasr
- Aldar said to seek majority stake in the Egyptian developer
- A deal would boost firm’s footprint in linchpin Arab state
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Aldar Properties PJSC is considering the acquisition of a majority stake in Egyptian developer Medinet Nasr Housing, according to people familiar with the matter, a deal that would strengthen the Abu Dhabi firm’s presence in the Arab world’s most populous country. The Egyptian company’s shares climbed.