37. Abdallah Sallam

Designation: President and CEO
Company: Madinet Masr
Country: Egypt
Establishment Date: 1959

Abdallah Sallam has more than 20 years of experience in the industry and has been at the helm of Madinet Masr since 2021. Madinet Masr was founded in 1959 as a government institution. In March 2023, the company rebranded from Madinet Nasr for Housing & Development to Madinet Masr. It had completed 6,852 units at a total value of $497 million, with 5,195 under construction at a total value of $711.9 million. In the first nine months of 2023, the company recorded total assets of $509.9 million and net revenues of $149.7 million and delivered 792 units, while its market cap amounted to $256.7 million as of November 15, 2023. Sallam also founded Minka Real Estate Investment, which was acquired by Madinet Masr in 2021.