Stocks News

Cairo - Mubasher: The ordinary general meeting (OGM) of Misr Chemical Industries greenlighted cash dividends of EGP 4 per share for the fiscal year (FY) 2023/2024. The shareholders approved the board’s dividends proposal on 28 September 2024, …

Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) recorded 128% year-on-year (YoY) higher net profits after tax at EGP 115.23 million in fiscal year (FY) 2023/2024. The generated net profits were compared with EGP 89.86 million, …

Cairo – Mubasher: Elsewedy Electric Company has implemented a power generation station with a total capacity of around 1,200 megawatts (MW) using a combined cycle system in the Saudi city of Rabigh. The project includes the participation of Saudi …

Mubasher: National Mobile Telecommunications Company (Ooredoo) secured a QAR 2 billion financing deal to accelerate the growth of its data centre and AI business in the MENA region. The 10-year financing agreement was signed with QNB, Doha Bank, …

Cairo – Mubasher: Sidi Kerir Petrochemicals Company (Sidpec) increased its issued and paid-up capital to EGP 1.81 billion from EGP 1.51 billion. The EGP 302.40 million raise amount will be disbursed as 151.20 million free shares at a nominal value …

Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has inked a leasing and factoring deal with Madkour Group at a value of EGP 400 million. The agreement includes a sales and leaseback arrangement for Madkour Group's …

Cairo – Mubasher: Madinet Masr Housing and Development unveiled a number of real estate projects during the past nine months with a combined value of EGP 103 billion, according to a bourse disclosure. These projects include the Butterfly project …

Cairo – Mubasher: Raya Customer Experience (RAYA CX) announced the board’s approval to establish a company in the UK on 22 September 2024. The new entity will be fully owned by RAYA CX,  according to a bourse disclosure. Medhat Mohamed Ibrahim …

Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …

Cairo – Mubasher: Yasseen Ibrahim Lutfi Mansour increased its 9.96% equity ownership in Taaleem Management Services to 18.30% at a value of EGP 505.60 million. Mansour purchased 60.91 million shares in the EGX-listed firm at an average price of …

Cairo – Mubasher: Qalaa Holdings posted revenues valued at EGP 37.60 billion in the first quarter (Q1) of 2024, marking a 45% year-on-year (YoY) surge. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at EGP 7.70 …

Cairo - Mubasher: The Saudi Public Investment Fund (PIF) is expected to invest $5 billion in Egypt as part of the first phase of investments in the Arab Republic, according to an official statement. Egypt’s Prime Minister, Mostafa Madbouly, …

Mubasher: Cross-listed GFH Financial Group has renewed its groundbreaking strategic partnership with FII Institute, a global non-profit foundation in Saudi Arabia, for three years to foster global innovation and sustainable development. Extending …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has unveiled a new brand identity for its group of companies, according to a press release. This move aligns with TAQA’s strategy and transformation objectives to expand through …

Cairo – Mubasher: Quantum Investment B.V. raised its 44.07% stake in Edita Food Industries to 45.01% at a value of EGP 184.14 million. Quantum Investment purchased 6.63 million shares in the EGX-listed firm at an average price of EGP 27.75 per …

Mubasher: Shaista Asif, Co-Founder and Group CEO of UAE-based PureHealth Holding, led Forbes Middle East’s Top 100 healthcare leaders for the second consecutive year. The ADX-listed group logged revenues of $3.40 billion (AED 12.50 billion) in the …

Cairo – Mubasher: Oriental Weavers and Integrated Renewable and Sustainable Communities (IRSC) partnered for an energy project at a total investment of $1.50 million, according to a press release. IRSC will install a 2.5 MWp solar power plant at …

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments entered into a new agreement with Svreico Real Estate Investment Company to acquire an 80% stake in the Svreico administrative building in the Smart Village. The EGX-listed …

Cairo – Mubasher: Palm Hills Developments Company plans to invest about EGP 22 billion in construction next year, compared to EGP 8.50 billion targeted by the end of 2024. The development company is set to launch a new project on the North Coast …

Cairo - Mubasher: The board members of e-finance for Digital and Financial Investments approved, on 9 September 2024, dividends distribution of EGP 0.19 per share for the first half (H1) of 2024. The dividends proposal is still subject to the …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) announced new initiatives to drive and reinforce advanced digital solutions across its operations, according to a press release. The initiatives were unveiled during the Global AI Summit …

Cairo – Mubasher: Six of October Development and Investment (SODIC) has announced a long-term syndicated facility with the amount of EGP 4.14 billion with Banque Misr and the Commercial International Bank-Egypt (CIB). SODIC will use the loan to …