Alexandria For Investment and Urban Development
EEGX:ALXD5.00
EGP
0.00
(0.00%)
Alexandria For Investment and Urban Development
EGX:ALXD
(Egyptian Exchange)
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5.00
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- Alexandria For Investment and Urban Development (operating commercially as ALX Developments and listed on the Egyptian Exchange under ticker ALXD) is an Egypt-based joint-stock real estate investment and development company engaged in the acquisition, planning, construction, management, and marketing of integrated urban, residential, commercial, and tourism properties. Founded in 2010 and headquartered in Cairo, Egypt, the company operates as a key real estate development arm of the state-owned Holding Company for Construction and Development within the Ministry of Public Business Sector, established in partnership with prominent public entities including El Nasr Housing and Development, Maadi Development and Construction, the Holding Company for Metallurgical Industries, the Holding Company for Tourism and Cinema, and Maamoura Construction and Tourism Development. The company provides a comprehensive portfolio of real estate and infrastructure solutions organized across specialized segments: residential and mixed-use urban community development, comprising multi-phase gated residential communities, luxury residential towers, and mid-to-high-income housing units such as the multi-phase Grand View Smouha complex, Raqia in El-Ibrahimeya, Nozha Towers in Alexandria, and Tijan in Aswan; coastal and resort real estate development, offering waterfront chalets, private villas, and vacation properties under the Ariba brand, notably Ariba North Coast on the Alexandria-Matrouh coastal road and Ariba Sokhna on the Gulf of Suez; commercial, administrative, and retail property leasing and asset management, consisting of integrated shopping arcades, business offices, and retail spaces situated within master-planned projects; specialized civil contracting and general construction works, including structural engineering, project management, building execution, and land reclamation services; and commercial agency, import, and export operations related to construction materials and technical equipment. In recent corporate developments, the company advanced its public capital market strategy through the listing of its shares on the Egyptian Exchange Main Market under ticker ALXD, reflecting an issued capital base of approximately EGP 1.465 billion comprising 293,076,920 shares at a par value of EGP 5 per share. Concurrently, the company has undertaken an operational expansion under the unified ALX Developments commercial identity, broadening its geographic reach beyond its historical Alexandria hub into strategic vacation corridors via accelerated construction and marketing of the Ariba coastal developments, alongside continuous phase handovers and commercial facility integrations within its flagship Grand View Smouha urban development.