Cairo – Mubasher: Egyptian Gulf Bank (EG Bank) reported a consolidated net profit after tax from continued operations of EGP 596.54 million during the first quarter (Q1) of 2024, up 91% year-on-year (YoY) from EGP 312.77 million. The bank’s …
Cairo – Mubasher: Arab Cotton Ginning Company posted a 371% year-on-year (YoY) surge in the consolidated net profit after tax during the first half (H1) of the fiscal year (FY) 2023/2024, soaring to EGP 304.28 million, from EGP 64.60 million a …
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a consolidated net profit of EGP 344.36 million in 2023, up from EGP 113.11 million a year earlier. Revenues surged to EGP 2.55 billion last year from EGP 1.57 billion in 2022, …
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) reported a net consolidated profit after tax of EGP 423.59 million in 2023, up from EGP 145.41 million the year before. Revenues surged to EGP 3.62 billion …
Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In …
Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved for Zahraa Maadi Investment and Development to raise its authorisied capital by EGP 4 billion from EGP 1 billion. The listed company aims to increase the authorised capital to EGP …
Cairo – Mubasher: The ordinary general meeting (OGM) of CI Capital Holding for Financial Investments resolved the distribution of EGP 216.90 million worth of cash dividends for 2023, unlike the board’s previous recommendation not to pay out cash …
Cairo – Mubasher: The ordinary general meeting (OGM) of Elsewedy Electric Company agreed to disburse EGP 0.50 per share as a cash dividend for 2023. The company will pay out a total amount of EGP 1.06 billion to the eligible equityholders of …
Cairo – Mubasher: The ordinary general meeting (OGM) of Fitness Prime Health Clubs agreed to raise the issued and paid-up capital to EGP 82.15 million from EGP 66.25 million. The EGP 15.90 million increase will be granted from the company’s net …
Cairo – Mubasher: Misr Beni Suef Cement has agreed to pay EGP 260 million to settle a contractual dispute with Arab Swiss Engineering Company (ASEC), a subsidiary of Qalaa Holdings. Under the settlement deal, Misr Beni Suef Cement will receive an …
Cairo – Mubasher: The shareholders of Cleopatra Hospitals Group greenlighted cash dividends distribution valued at EGP 55.95 million for 2023, according to a bourse filing. The board passed the annual dividends last March, while the shareholders …
Riyadh – Mubasher: The Public Investment Fund (PIF) inked a sale and purchase agreement (SPA) with Saudi Telecom Company (stc), on 21 April 2024, for a stake acquisition in TAWAL. The Saudi fund unveiled plans to own 51% shareholding in TAWAL, …
Cairo – Mubasher: Suez Canal Company for Technology Settling achieved consolidated net profits after tax amounting to EGP 716.75 million in the first half (H1) of fiscal year (FY) 2023/2024. The recorded net profits were higher year-on-year (YoY) …
Cairo – Mubasher: Palm Hills Developments Company has confirmed a media report that it is in talks with a syndicate of three banks for a loan totalling EGP 1.72 billion. The company said that it is in the final stages of these talks, according to …
Cairo – Mubasher: Obour Land for Food Industries has announced the distribution of EGP 0.95 per share in cash dividends for the year 2023. Dividends will be paid on 9 May 2024 to whoever holds the share until 2 May, according to a bourse filing. …
Cairo – Mubasher: B Investments Holding has acquired a 90% stake in Orascom Financial Holding (OFH), according to a bourse disclosure. The transaction was concluded on 17 April 2024, while the Financial Regulatory Authority (FRA) granted its …
Cairo – Mubasher: Raya Customer Experience (RAYA CX) has appointed Alaa El-Khishen as its new CEO, according to a recent press statement. El Khishen has more than 30 years of experience in the telecommunications, outsourcing, and technology …
Riyadh – Mubasher: ACWA Power Company teamed up with the International Renewable Energy Agency (IRENA) to back the global transition to renewable energy sources, according to a press release. The agreement with IRENA aligns with ACWA Power's …
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 …
