Abu Dhabi – Mubasher: E7 Group penned multiple new contracts to provide security solutions and commercial printing services across the MEA region. The agreements align with the group’s strategy to boost global expansion and profitable growth, …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Cairo – Mubasher: The Ordinary General Meeting (OGM) of Madinet Masr Housing and Development has approved the distribution of EGP 0.20 in cash dividends for 2023. The dividends are set to be paid in two instalments, the first of which amounts to …
Cairo – Mubasher: Beltone Venture Capital, a subsidiary of Beltone Holding, penned a deal with CI Venture Capital, a wholly-owned unit of Abu Dhabi-based Citadel International Holdings, to manage a $30 million fund. The fund, which began deploying …
Cairo – Mubasher: ZeTa-Investment and Trading acquired a 3.50% stake in Mansoura Poultry at a value of EGP 16.75 million. ZeTa-Investment purchased 14.25 million shares in the EGX-listed firm at an average price of EGP 1.17 per share, according to …
Cairo – Mubasher: MM Group for Industry and International Trade received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures. The group plans to raise its authorised capital to EGP 936.58 million …
Cairo – Mubasher: Faisal Islamic Bank of Egypt reported a 179.80% year-on-year (YoY) surge in the standalone net profit to EGP 6 billion during the first quarter (Q1) of 2024 from EGP 2.14 billion in the similar quarter a year earlier. Total …
Cairo – Mubasher: Ezz Steel turned to a consolidated loss during 2023, recording a net loss after tax of EGP 716.53 million, compared to a net profit of EGP 6.64 billion a year earlier. Consolidated net sales surged to EGP 142.91 billion last year …
Cairo – Mubasher: The Urban Communities Authority (NUCA) has received technical and financial proposals from Hyde Park, Madinet Masr Housing and Development, and Mountain View to participate in the New Heliopolis City project. Heliopolis Company …
Cairo – Mubasher: Eastern Company’s board approved new prices for some cigarette products to take effect as of 14 April 2024. The company set the new prices of local cigarette brands at EGP 34.50 per pack, according to a bourse filing. Prices of …
Cairo – Mubasher: Qalaa Holdings has signed an agreement to settle debt with five banks to settle around EGP 13.45 billion in debt. The first agreement was signed with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank …
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) logged consolidated net profits after tax worth EGP 7.04 billion in the first quarter (Q1) of 2024. The recorded net profits were higher year-on-year (YoY) than EGP 4.71 billion, …
Cairo – Mubasher: El Mansour & El Maghraby Investment & Development reduced its shareholding in Palm Hills Developments Company to 39.85% from 41.19%, according to a bourse disclosure. El Mansour & El Maghraby sold 39.41 million shares in the …
Cairo – Mubasher: Oriental Weavers unveiled annual cash dividends valued at EGP 1.25 per share for 2023, according to a bourse disclosure. The EGX-listed company indicated that the payment date for the dividends will be 30 April 2024. Last year, …
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) announced a cash dividend distribution of EGP 2 per share, according to a bourse disclosure. The dividends will be disbursed in two equal installments on 30 April and 29 …
Cairo – Mubasher: Air Arabia Egypt, a subsidiary of Air Arabia, commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen International Airport in Istanbul. The newly added route will link both cities with a frequency …
Cairo – Mubasher: Egypt led the Middle East as the most represented country in the Forbes ranking list of the region’s top companies in the financial technology (fintech) sector. The 13 Egyptian companies represented in the list include Fawry for …
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) and Microsoft teamed up to develop new AI-based banking capabilities and bolster financial services, according to a press release. The two entities will partner to launch an AI Innovation Hub that …
Cairo – Mubasher: Fintech company Valu, a subsidiary of EFG Holding Company, has entered into a partnership with online payments gateway, noon Payments. Under the partnership, noon will offer Valu financial solutions to simplify transactions for …
Cairo – Mubasher: B Investments Holding posted a consolidated net profit of EGP 693.76 million in 2023, down from EGP 1.33 billion a year earlier. The basic and diluted earnings per share (EPS) reached EGP 3.17 each last year, down from EGP 5.25 …
Cairo – Mubasher: Heliopolis Company for Housing and Development posted a net profit of EGP 7.80 billion in 2023, a surge from EGP 603 million a year earlier. Operating revenues skyrocketed to EGP 15.62 billion last year from EGP 1.99 billion in …
Dubai – Mubasher: Emirates NBD Capital, the investment banking arm of Emirates NBD, has arranged a $500 million syndicated revolving credit facility (RCF) for Lenovo Group Limited. The facility marks Lenovo's first entry into the Middle East …
Cairo – Mubasher: Al Baraka Bank-Egypt’s ordinary general meeting (OGM) has approved not to distribute cash dividends for 2023. The decision followed an amended proposal from the bank’s board on 21 March 2024 not to distribute dividends, according …
Cairo – Mubasher: Sinai Cement reported a consolidated net loss after tax of EGP 121.42 million in 2023, down from EGP 330.41 million a year earlier, according to a bourse filing. Net sales surged to EGP 4.28 billion last year from EGP 2.34 …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Egyptian Chemical Industries (Kima) approved increasing the authorised, paid-up, and issued capital. The authorised capital will increase from EGP 8 billion to EGP 12 billion. Moreover, …
