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Sector News

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9 February 01:33 PM CIB backs Elsewedy Electric’s 1st major investment in Europe with EUR 58m financing
Cairo - Mubasher: The Commercial International Bank - Egypt (CIB) signed a financing and partnership agreement to support Elsewedy Electric Company's power systems projects (PSP) in developing a combined-cycle power plant in Hungary. CIB will …
Banking and Finance
GB Corp stock continues to achieve unprecedented historical levels
26 January 02:32 PM GB Corp stock continues to achieve unprecedented historical levels
Cairo - Mubasher: The stock of GB Corp indicates a major upward trend, with the stock reaching a new all-time high near EGP 31.75 in today's session. Mubasher Research indicated that the price is approaching a key resistance level around EGP …
Stock Evaluations
Elsewedy Electric stock sees sideways movement above key support levels amid potential accumulation – Analysis
15 January 03:19 PM Elsewedy Electric stock sees sideways movement above key support levels amid potential accumulation – Analysis
Cairo – Mubasher: The stock of Elsewedy Electric Company has continued moving in a sideways trajectory, but the price lately showed an upward structure on smaller time frames and is currently testing an important demand zone at around EGP 77 – EGP …
Stock Evaluations
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13 January 04:34 PM Madinet Masr, Elsewedy Electric ink EGP 400m agreement for Elan project
Cairo - Mubasher: Madinet Masr for Housing and Development and Elsewedy Electric Company have signed a memorandum of understanding (MoU) with the latter's subsidiary, Elsewedy Electric Infrastructure, at a total value of EGP 400 million for a …
Companies Investments
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12 January 06:21 PM GB Lease & Factoring closes EGP 4.1bn securitization offering
Cairo - Mubasher: GB Lease & Factoring, a unit of GB Capital, the financial services arm of GB Corp, has closed a securitization transaction of part of its EGP 4.16 billion leasing portfolio. This offering is the largest securitization transaction …
Companies Investments
Photo Archive
8 January 11:58 AM Elsewedy Electric unveils nearly KWD 19m Kuwait contract award
Cairo - Mubasher: Egytech Cables Company, a subsidiary of Elsewedy Electric Company, has signed a contract worth KWD 18.70 million (EGP 2.90 billion) with Kuwait’s Public Authority for Housing Welfare (PAHW). Egytech will supply and install …
Companies Investments
Photo Archive
31 December 2025 04:00 PM GB Corp’s unit concludes 6th issuance at EGP 2.4bn
Cairo - Mubasher: Drive Finance, a subsidiary of GB Corp, has closed its sixth securitized bond issuance at EGP 2.40 billion, according to a bourse filing. The offering, rated by the Middle East Rating & Investors Service (MERIS), marks the first …
Banking and Finance
Photo Archive
16 December 2025 02:18 PM Elsewedy Electric fuels regional expansion via new investments in Saudi Arabia, Qatar
Cairo - Mubasher: Elsewedy Electric Company announced expansion plans in Saudi Arabia and Qatar in line with its growth strategy, according to a bourse disclosure.  The EGX-listed firm has opened new factories in Saudi Arabia, spanning the …
Companies Investments
Photo Archive
1 December 2025 02:51 PM MB Engineering records nearly EGP 25.5m in 9M-25 consolidated net profits
Cairo - Mubasher: MB Engineering Group logged an annual fall of 25.41% in consolidated net profits after tax to EGP 25.43 million during the first nine months (9M) of 2025, compared with EGP 34.11 million. Meanwhile, the consolidated revenues …
Financial Results
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30 November 2025 11:49 AM Gadwa posts lower consolidated net profits at EGP 648m in 9M-25
Cairo - Mubasher: Gadwa for Industrial Development Company generated consolidated net profits after tax totaling EGP 648.37 million in the first nine months (9M) of 2025, signaling a year-on-year (YoY) plunge from EGP 1.54 billion. The earnings …
Financial Results
Elsewedy Electric KSA
26 November 2025 05:17 PM Elsewedy Electric unveils $40m facility in Riyadh as 1st local factory accredited by SEC
Cairo - Mubasher: Elsewedy Electric KSA, a subsidiary of Elsewedy Electric Company, has inaugurated a $40 million factory in Riyadh’s Elsewedy Industrial Complex, according to a press release. The strategic investment exceeding SAR 75 million …
Companies Investments
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24 November 2025 00:07 PM GB Corp’s unit secures EGP 5bn syndicated credit facility to fuel expansion
Cairo – Mubasher: Drive Finance, a subsidiary of GB Corp, signed a syndicated credit facility valued at EGP 5 billion, according to a press release. The facility is part of the company's strategy to diversify its funding sources and support its …
Global Economy
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17 November 2025 04:48 PM GB Corp logs EGP 2.4bn net profits in 9M-25
Cairo – Mubasher: The consolidated net profits of GB Corp jumped by 35.10% to EGP 2.42 billion in the first nine months (9M) of 2025 from EGP 1.79 billion in 9M-24. Total sales revenues amounted to EGP 57.52 billion at the end of September 2025, …
Financial Results
Stock Performance of Elsewedy Electric Company
6 November 2025 01:22 PM Elsewedy Electric stock catches up with blue chips in rising after accumulation phase
Cairo – Mubasher: Technical movements signaled by Mubasher Trade indicate that Elsewedy Electric Company stock has recently witnessed an attempt to break through the downward trend line extending for several months, which represents a positive …
Trading Activities
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21 October 2025 09:06 AM FRA rejects Sagasse’s MTO to acquire Elsewedy Electric
Mubasher: The Financial Regulatory Authority (FRA) has rejected the mandatory tender offer (MTO) submitted by Sagasse Investment Company to fully acquire Elsewedy Electric Company. Sagasse intended to offer EGP 65 per share in cash or via share …
Corporate Actions
GB Corp
19 October 2025 02:17 PM GB Corp rebounds from uptrend line as stock tests key resistance at EGP 23.8
Cairo - Mubasher: GB Corp’s stock is currently trading within an uptrend extending back to 2024, maintaining its movement above the main trend line, according to Mubasher Research. This reflects the strength of the upward trend that has dominated …
Stock Evaluations
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9 September 2025 07:16 AM Elsewedy Electric to pump $2.5bn investments in Algeria
Cairo – Mubasher: Elsewedy Electric Company signed a framework agreement with the Algerian Investment Promotion Agency (AAPI) to expand its business in the industrial and energy sectors. The EGX-listed company plans to invest $2.50 billion in key …
Companies Investments
Photo Archive
1 September 2025 10:25 AM GB Corp to invest $6m for new Hyundai model in Egypt
Cairo - Mubasher: GB Corp plans to invest $6 million to assemble a new Hyundai model in Egypt, according to a bourse disclosure. The investment aims to strengthen the company’s presence in the Egyptian market. Meanwhile, the new model is expected …
Companies Investments
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28 August 2025 05:59 PM Electro Cable’s consolidated net profits fall to EGP 486.5m in H1-25
Cairo - Egypt: Electro Cable Egypt logged lower consolidated net profits at EGP 486.42 million in the first half (H1) of 2025, compared with EGP 1 billion in H1-25. Earnings per share (EPS) halved to EGP 0.15 in H1-25 from EGP 0.30 in H1-24, …
Financial Results
Photo Archive
28 August 2025 00:23 PM Gadwa posts 47% plunge in H1-25 consolidated net profits
Riyadh - Mubasher: The consolidated net profits of Gadwa for Industrial Development hit EGP 641 million in the first half (H1) of 2025, marking a 46.91% year-on-year (YoY) drop from EGP 1.20 billion. Total revenues dropped to EGP 9.09 billion as …
Financial Results
Photo Archive
17 August 2025 09:52 AM GB Corp’s net sales leap 87% in H1-25; profits exceed EGP 1.6bn
Cairo – Mubasher: GB Corp logged consolidated net profits after tax and minority interest valued at EGP 1.67 billion in the first half (H1) of 2025, an annual surge of 59.60% from EGP 1.04 billion. Total sales revenues hit EGP 35.84 billion as of …
Financial Results
Photo Archive
5 August 2025 06:01 PM Elsewedy Electric sees higher consolidated profits in H1-25; revenues hit EGP 123.8bn
Cairo – Mubasher: Elsewedy Electric Company logged consolidated net profits attributable to the owners amounting to EGP 8.69 billion in the first half (H1) of 2025, versus EGP 8.43 billion in H1-24. The group generated revenues valued at EGP …
Financial Results
Elsewedy Machinery and Johnson Controls–Hitachi
17 July 2025 05:22 PM Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
Cairo – Mubasher: Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the …
Companies Investments
Photo Archive
27 May 2025 06:15 AM Elsewedy Electric logs EGP 4.1bn consolidated profits in Q1-25
Cairo – Mubasher: Elsewedy Electric Company recorded a 4.20% rise in consolidated net profits after tax and minority interest to EGP 4.14 billion during the first quarter (Q1) of 2025. The generated earnings were compared to EGP 3.97 billion in …
Financial Results
Photo Archive
6 April 2025 11:09 AM Gadwa’s consolidated profits exceed EGP 1.6bn in 2024
Cairo – Mubasher: Gadwa for Industrial Development reported an annual hike in consolidated net profit to EGP 1.62 billion as of 31 December 2024, compared to EGP 1.45 billion. Earnings per share (EPS) attributable to the holding company amounted …
Financial Results