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14 January 04:45 PM

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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
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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
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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
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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
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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 …
Corporate Actions
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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 …
Banking and Finance
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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 …
Trading Activities
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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
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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
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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
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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
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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 …
Global Economy
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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
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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
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25 March 2025 10:25 AM Electro Cable Egypt sees higher profits in 2024; consolidated revenues cross EGP 13.7bn
Cairo – Mubasher: The consolidated net profit of Electro Cable Egypt hit EGP 1.32 billion in 2024, up year-on-year (YoY) from EGP 1.24 billion. Revenues increased to EGP 13.77 billion last year from EGP 8.67 billion in 2023, according to the …
Financial Results
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3 March 2025 09:19 AM GB Corp records EGP 3bn consolidated profit in 2024
Cairo – Mubasher: GB Corp posted consolidated net profits after income tax worth EGP 3.05 billion in 2024, higher by 68.90% year-on-year (YoY) than EGP 1.81 billion, including minority interest. Total revenues hit EGP 53.96 billion as of 31 …
Financial Results
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26 November 2024 10:43 AM Electro Cable Egypt’s sales exceed EGP 10.6bn in 9M-24; net profits leap
Cairo – Mubasher: Electro Cable Egypt posted net profits valued at EGP 1.30 billion in the first nine months (9M) of 2024, compared to EGP 955.41 million in 9M-23. Total consolidated sales hit EGP 10.68 billion as of 30 September 2024, up …
Financial Results
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18 November 2024 10:47 AM GB Corp sees 41% higher net profits in 9M-24; sales reach EGP 35.4bn
Cairo – Mubasher: The consolidated net profits of GB Corp hiked by 41.20% to EGP 1.79 billion in the first nine months (9M) of 2024 from EGP 1.27 billion in 9M-23. Total sales revenues hit EGP 35.40 billion as of 30 September 2024, up 81.40% …
Financial Results