UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …
Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …
Cairo – Mubasher: Six of October Development and Investment (SODIC) has signed an agreement with Marriott International to bring the latter's Tribute Portfolio brand to two upcoming hotels. The first property, with 170 rooms, will be located …
Cairo – Mubasher: The International Company for Trade, Marketing, and Commercial Agencies (ITAMCO), a subsidiary of GB Corp, has signed an agreement with Helwan Company for Machinery and Equipment (999 military factory) to assemble and manufacture …
Cairo – Mubasher: The standalone net profit of Arab Cotton Ginning Company rose by 142% year-on-year (YoY) to EGP 62.68 million in the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 25.90 million. Operating revenues increased …
Cairo – Mubasher: The standalone net profit of Orascom Investment Holding (OIH) surged by 784.56% year-on-year (YoY) to EGP 570.19 million in the first quarter (Q1) of 2024 from EGP 64.46 million. The basic and diluted earnings per share (EPS) …
Cairo – Mubasher: Aman Holding, the fintech subsidiary of Raya Holding For Financial Investments, has closed the fourth issue of its first securitisation bond programme, amounting to EGP 1.04 billion. This issue is backed by a consumer financing …
Cairo – Mubasher: The ordinary general meeting (OGM) of B Investments Holding approved the board’s proposal to distribute cash dividends amounting to EGP 1 per share for 2023. The company will disburse a dividend of EGP 218.36 million in addition …
Cairo – Mubasher: The consolidated net profit of Gadwa for Industrial Development jumped by 187% year-on-year (YoY) to EGP 616.59 million in the first quarter (Q1) of 2024 from EGP 214.72 million in Q1-23. Consolidated revenues soared to EGP 4.48 …
Cairo – Mubasher: The consolidated net profit of Pioneers Properties for Urban Development soared by around 1,051% year-on-year (YoY) to EGP 1.17 billion in the first quarter (Q1) of 2024 from EGP 102.12 million in Q1-23. Consolidated operational …
Cairo – Mubasher: Qalaa Holdings announced that the first phase of allowing shareholders to purchase its external debt has raised EGP 875.35 million Egyptian pounds ($17.49 million), between 2 and 5 June 2024, covering 81% of the targeted amount. …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, penned a deal with Cayesh, the first supply chain finance company in Egypt. The two entities will join forces to leverage innovative …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Alexandria Container and Cargo Handling Company approved increasing the authorised capital to EGP 2 billion from EGP 1 billion. The shareholders also agreed to raise the issued and …
Cairo - Mubasher: El Ebour Real Estate Investment agreed to conclude contracting agreements in Saudi Arabia and the UAE, according to a bourse disclosure. The EGX-listed firm plans to ink a subcontracting contract between the company’s branch in …
Cairo – Mubasher: Madinet Masr Housing and Development has announced Project Kayan in collaboration with Lemania Swiss International School (LSIS), managed by CIRA Education’s subsidiary Eduhive, and Klub Kayan, operated by Blue Ribbon in Taj …
Cairo – Mubasher: Electro Cable Egypt posted a consolidated net profit of EGP 535.32 million in the first quarter (Q1) of 2024, up from EGP 202.17 million in the equivalent period a year earlier. Consolidated sales jumped to EGP 3.07 billion in …
Cairo – Mubasher: Juhayna Food Industries has signed a credit facility worth EGP 450 million with HSBC, renewing a working capital financing agreement. Signed in November 2023, the credit facilities include a package of benefits by the bank linked …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) has achieved total sales of EGP 122 billion in the first five months (5M) of 2024, up from EGP 45 billion in the same period the year before. The surge in sales include EGP …
Cairo – Mubasher: Al Ahly FC has appointed UAE’s Palms Sports, a subsidiary of International Holding Company (IHC), as the official operator of the El-Qalaa El-Hamraa mega sports complex project. This partnership is set to enhance the value of …
Cairo – Mubasher: Misr Beni Suef Cement’s net profit declined to EGP 41.52 million in the first quarter (Q1) of 2024 from EGP 61.36 million in the equivalent period the year before. Net sales leapt to EGP 666.59 million in Q1-24 from EGP 276.32 …
Cairo – Mubasher: Orascom Financial Holding (OFH) turned to a consolidated net loss of EGP 22.81 million in the first quarter (Q1) of 2024, versus a net profit of EGP 19.81 million in the equivalent quarter the year before. Revenues soared to EGP …
Cairo – Mubasher: Elsewedy Electric Company has reported a 33.33% year-on-year (YoY) surge in consolidated net profit to EGP 4.23 billion in the first quarter (Q1) of 2024 from EGP 3.17 billion. Consolidated revenues soared 35.70% YoY to EGP 45.24 …
Mubasher: National Mobile Telecommunications Company (Ooredoo) appointed Sunita Bottse as the CEO for Mena Digital Hub, which became effective on 26 May 2024, according to a press release. Mena Digital Hub, Ooredoo’s carrier-neutral data centre …
Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged net profits after tax valued at EGP 2.18 million in the first quarter (Q1) of 2024, versus losses worth EGP 1.68 million in Q1-23. Earnings per share (EPS) hit EGP 0.04 as of …
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax worth EGP 103.23 million in the first nine months (9M) of fiscal year (FY) 2023/2024, an annual leap from EGP 69.86 million. The sales hiked to EGP …
