Al Dar Properties is reportedly considering a bid to acquire a majority stake in Egyptian developer Medinet Nasr Housing and Development (MNHD). The story was first picked up by Bloomberg, which cited statements by public enterprise minister Hisham Tawfik. State-owned entities hold the largest stake in MNHD.

While both companies refuse to confirm to the press that they are having ongoing discussions, SODIC had previously made a bid to acquire MNHD in 2018.