Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) recorded an 11% year-on-year (YoY) decline in consolidated net profit to EGP 468 million in 2023 from EGP 527 million. Revenues increased by 14% YoY to EGP 4.12 billion last year from EGP …
Cairo – Mubasher: The ordinary general meeting (OGM) of the Export Development Bank of Egypt (EBank) approved the distribution of EGP 2.45 billion in cash dividends for 2023, according to a bourse filing. EBank’s consolidated net profits after tax …
Cairo – Mubasher: MM Group for Industry and International Trade logged a consolidated net profit of EGP 699.15 million in 2023, up from EGP 346.25 million a year earlier. The company’s net sales soared to EGP 10.35 billion last year from EGP 6.90 …
Cairo - Mubasher: The board members of e-finance for Digital and Financial Investments agreed, on 26 March 2024, to disburse a bonus share dividend to shareholders at a rate of 0.25 for each original share. This will be financed from the reserve …
Cairo – Mubasher: Telecom Egypt’s ordinary general meeting (OGM) has approved the distribution of EGP 2.56 billion in cash dividends for 2023. The ratified amount is equivalent to EGP 1.50 per share, according to a bourse filing. Telecom Egypt …
Abu Dhabi – Mubasher: E7 Group inked three security solutions contracts at a total value of AED 12.90 million to expand its network in the UAE and Middle East, according to a press release. The one-year agreements cover the manufacture and supply …
Cairo – Mubasher: The ordinary general meeting (OGM) of Commercial International Bank-Egypt (CIB) approved the distribution of EGP 0.55 per share in cash dividends for 2023. Eligible shares amount to more than 3.01 billion, according to a bourse …
Cairo – Mubasher: The ordinary general meeting of Talaat Moustafa Group Holding Company (TMG Holding) approved a cash dividend of EGP 0.22 per share for 2023. The dividends will be paid in two equal installments on 31 May and 31 July 2024, …
Cairo – Mubasher: Telecom Egypt has signed a memorandum of understanding (MoU) with the Information Technology Industry Development Agency (ITIDA), the National Telecommunication Institute (NTI), and India’s Tejas Networks to boost local …
Cairo – Mubasher: The shareholders of Abu Dhabi Islamic Bank–Egypt (ADIB Egypt) greenlighted the board’s proposal to raise the issued and paid-up capital by EGP 1 billion. The increase amount will be distributed over 100 million shares at a …
Cairo – Mubasher: Banque du Caire registered net profits after tax valued at EGP 6.66 billion in 2023, an annual leap of 112.77% from EGP 3.13 billion. Net interest income hiked to EGP 17.78 billion last year from EGP 12.79 billion in 2022, …
Cairo – Mubasher: The ordinary general meeting of Egyptian Media Production City Company (EMPC) agreed to disburse cash dividends valued at EGP 0.50 per share for 2023. The approved cash dividends represent 5% of the company’s paid-up capital, …
Cairo – Mubasher: The board members of Macro Group Pharmaceuticals - Macro Capital agreed to renew short-term financing from First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB. The board greenlighted the EGP 65 million …
Cairo – Mubasher: Crédit Agricole Egypt’s board of directors approved the distribution of EGP 1.14 per share in cash dividends for 2023. The approved dividends represent 27.92% of the distributable profits, according to a bourse filing. It is …
Cairo – Mubasher: Madinet Masr Housing and Development is in talks with a syndicate of banks for credit facilities to fund its commercial projects. Official contracts will be signed upon the finalisation of the negotiations, Madinet Masr stated, …
Cairo – Mubasher: Orascom Financial Holding (OFH) turned to profitability in 2023, recording a consolidated net profit after tax of EGP 20.45 million, compared to a net loss of EGP 133.39 million a year earlier. Operating revenues reached EGP …
Cairo – Mubasher: Elsewedy Electric Company’s board approved increasing a revolving facility agreement with the African Export-Import Bank (Afreximbank) to $300 million. The agreement was also signed with Elsewedy Electric for Transmission and …
Mubasher: EFG Hermes, an EFG Holding Company, concluded its advisory on the $428.70 million initial public offering (IPO) of Parkin on the Dubai Financial Market (DFM), according to a press reelase. EFG Hermes acted as a joint bookrunner on the …
Cairo – Mubasher: Misr Fertilizers Production Company (Mopco) unveiled payment dates for EGP 2 per share in cash dividends for the ordinary and senior shareholders for the financial year 2023. The payment date is 7 April 2024 for ordinary …
Cairo – Mubasher: EFG Holding recorded a consolidated net profit after tax and minority interests of EGP 2.49 billion in 2023, up 39% year-on-year (YoY) from EGP 1.80 billion. The company’s group net operating revenue surged 34% YoY to EGP 14.72 …
Cairo – Mubasher: Fintech company Valu, a subsidiary of EFG Holding Company, is considering an initial public offering (IPO) of 25% of its shares on the Egyptian Exchange within the next 12 months, revealed Walid Hassouna, CEO of Valu, in an …
Cairo – Mubasher: The shareholders of Egyptian Gulf Bank (EG Bank) agreed to disburse EGP 250.25 million bonus shares at a nominal value of EGP 0.02 per share. The ordinary general meeting (OGM) greenlighted the bonus shares, on 18 March 2024, in …
Riyadh – Mubasher: The global energy transition strategy has not succeeded in many aspects due to five hard realities that should be considered to adjust its path, stated Amin Nasser, President & CEO of Saudi Arabian Oil Company (Aramco). These …
By Abdullah Bedir Cairo – Mubasher: Madinet Masr Housing and Development is seeking to acquire massive land in Egypt’s North Coast at a minimum area of 400 feddans, stated Abdallah Sallam, the company’s president and CEO. Sallam revealed on the …
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …