Cairo – October 5, 2025: Engineer Khaled Abbas, Chairman and Managing Director of the Administrative Capital for Urban Development (ACUD), announced strong financial results for the fiscal year 2024, underscoring the company’s robust growth trajectory and solid financial performance.
The company achieved profits of EGP 35 billion before taxes and EGP 26 billion after taxes, marking a 35% increase compared to the previous fiscal year. Total tax payments amounted to EGP 9.7 billion during the year.
The value of the company’s assets rose to EGP 335 billion, up from EGP 279 billion in 2023 — a 20% increase year-on-year. Over the past three years, ACUD has generated cumulative profits of EGP 86 billion.
Earnings per share for 2024 reached EGP 60, representing 60% of the share’s nominal value, while total earnings per share over the past three years amounted to EGP 159. Shareholders’ equity climbed to EGP 72 billion in 2024, compared to EGP 62 billion the year before — a 17% growth.
The General Assembly of ACUD, held on Sunday, October 5, 2025, at the company’s headquarters in the Government District of the New Administrative Capital, approved the financial statements for FY 2024. Total revenues reached EGP 48 billion, while net profit after tax amounted to EGP 26 billion.
Tax payments for the year included EGP 8.2 billion in corporate tax, EGP 13 million in VAT, and EGP 1.3 billion in dividend tax, bringing the total tax contribution to EGP 9.7 billion, compared to EGP 8.6 billion in 2023.
In parallel, ACUD is nearing completion of infrastructure works for Phase One of the New Administrative Capital, alongside domestic and international marketing campaigns that are expected to drive higher sales volumes in the coming period without significant additional costs.