– Madinet Masr (EGX: MASR.CA) announced that Eng. Abdallah Sallam, President and CEO, has been named to among CNBC Arabia’s Top 100 Business Leaders List for 2026. The prestigious list recognizes an elite group of chairpersons, chief executive officers, and founders leading some of the Middle East’s largest and most influential companies.
The recognition reflects Eng. Abdallah Sallam’s distinguished leadership, and his pivotal role in driving Madinet Masr’s growth, strengthening its position within Egypt’s real estate development sector, and advancing the company’s long-term growth strategy and regional expansion. This sustained performance is reflected in Madinet Masr’s share price, which surged by 97% from the beginning of 2026 through July 16. During the same period, the company distributed approximately 9% in combined cash and stock dividends, bringing its year-to-date total shareholder return to approximately 106%. This performance demonstrates strong investor confidence and further reinforces Madinet Masr’s position as one of Egypt’s leading publicly listed real estate developers.
CNBC Arabia’s Top 100 Business Leaders list is one of the region’s leading initiatives, recognizing the most influential figures shaping the Middle East’s economic landscape. Honorees are selected based on five key criteria: financial performance, market impact, innovation, governance, and resilience. This year’s edition features 19 Egyptian business leaders who have played a significant role in supporting economic growth and enhancing the regional and global competitiveness of their organizations.
Madinet Masr is one of Egypt’s leading real estate developers, with a decades-long track record of delivering integrated urban communities. The company remains committed to developing sustainable residential, commercial, and administrative destinations while continuing to execute its expansion strategy. Through a strong focus on innovation, enhancing project quality, and maximizing customer value, Madinet Masr continues to reinforce its leadership position in the Egyptian real estate market.
