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11 January 04:07 PM

Sector News

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4 January 01:34 PM KABO sells over 1.9m shares in Spinalex for EGP 20m
Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) has reduced its stake in Alexandria Spinning and Weaving Company (Spinalex) to 26.55% from 27.09%. KABO executed the transaction through the sale of 1.94 million shares, at an average …
Trading Activities
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16 December 2025 01:04 PM GTEX logs $1.5m consolidated net profits in 9 months
Cairo - Mubasher: GTEX for Commercial and Industrial reported consolidated net profits after tax of $1.39 million in the nine-month period that ended on 31 October 2025, according to the financial results.  The earnings per share (EPS) reached …
Financial Results
Photo Archive
7 December 2025 04:31 PM Dice's board approves FV study for assets worth EGP 1.4bn in total valuation
Cairo - Mubasher: The board members of Dice for Ready-Made Garments (Dice Sport and Casual Wear) recently approved a fair value (FV) study report covering three land plots, which resulted in a total valuation of EGP 1.40 billion, according to a …
Corporate Actions
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7 December 2025 03:39 PM KABO unveils international agreements, expansion plan including export lines
Cairo - Mubasher: El-Nasr Clothing and Textiles Company (KABO) announced a development plan to boost the export production lines and carry out a comprehensive expansion of El-Amreya and El-Hadara factories. KABO intends to increase the daily …
Companies Investments
Photo Archive
3 December 2025 11:39 AM Concrete Fashion Group’s consolidated net profits exceed $6.5m in 9M-25
Cairo - Mubasher: Concrete Fashion Group for Commercial and Industrial Investments registered lower consolidated net profits after tax at $6.59 million in the first nine months (9M) of 2025, compared to $11.72 million during the February-September …
Financial Results
Photo Archive
2 December 2025 07:41 PM Dice’s consolidated net profits decline to EGP 302m in 9M-25
Cairo - Mubasher: Dice for Ready-Made Garments (Dice Sport and Casual Wear) generated year-on-year (YoY) lower consolidated net profits after tax at EGP 301.65 million in the first nine months (9M) of 2025, against EGP 804.69 million. The earnings …
Financial Results
Photo Archive
14 October 2025 01:10 PM Spinalex ends FY24/25 with over EGP 13.5m net losses
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) incurred net losses after tax valued at EGP 13.61 million in fiscal year (FY) 2024/25, against net profits of EGP 115.232 million in FY23/24. Revenues witnessed an annual growth …
Financial Results
Photo Archive
17 August 2025 03:10 PM Oriental Weavers generates EGP 12.5bn consolidated sales in H1-25
Cairo – Mubasher: Oriental Weavers logged consolidated net profits after tax worth EGP 1.11 billion in the first half (H1) of 2025, an annual plunge from EGP 1.47 billion, according to the financial results. The company reported net sales …
Financial Results
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5 August 2025 02:47 PM Oriental Weavers announces strategic agreement with global firm NedGraphics
Cairo – Mubasher: Oriental Weavers has reaffirmed its decades-long strategic partnership with NedGraphics, a premier developer of textile design and CAD/CAM software solutions, according to a press release. The two sides renewed an agreement …
Companies Investments
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2 July 2025 06:15 PM Oriental Weavers launches world’s 1st phygital carpet retail store in Egypt
Cairo - Mubasher: Oriental Weavers has unveiled the OW Haptech store in Mivida, New Cairo, marking the first-ever phygital carpet retail store globally. The store combines physical product exploration with interactive digital technologies, setting …
Companies Investments
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10 June 2025 11:48 AM Spinalex shifts to net losses in 9M-24/25
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. …
Financial Results
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19 May 2025 05:28 PM Spinalex increases paid-up capital by EGP 80m upon shareholders’ approval
Cairo – Mubasher: The shareholders of Alexandria Spinning and Weaving Company (Spinalex), during the extraordinary general meeting (EGM), agreed to raise the paid-up capital by EGP 80.16 million. Spinalex’s increase amount will be distributed over …
General Assembly
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9 April 2025 04:58 PM Oriental Weavers’ shareholders approve EGP 1bn dividends for 2024
Cairo – Mubasher: The shareholders of Oriental Weavers greenlighted cash dividends of EGP 1.06 billion for 2024, according to a recent bourse filing. The company’s ordinary general meeting (OGM) approved, on 7 April, the distribution of EGP 1.60 …
Cash Dividends
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27 February 2025 09:05 PM Oriental Weavers posts EGP 2.5bn consolidated profits in 2024
Cairo – Mubasher: Oriental Weavers achieved consolidated net profits after tax valued at EGP 2.54 billion in 2024, compared to EGP 1.89 billion a year earlier, according to the financial results. Net sales hiked to EGP 24.28 billion in the …
Financial Results
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6 January 2025 04:36 PM Oriental Weavers unveils new expansion of EGP 24m industrial plant
Cairo – Mubasher: Oriental Weavers Carpet has inaugurated the new expansion of the industrial wastewater treatment plant at the group's spinning factory, which features four consecutive treatment stages and has a capacity of 1,250 cubic metres per …
Companies Investments
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28 November 2024 02:50 PM Spinalex records nearly EGP 27m profits in Q1-24/25
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) posted net profits after tax valued at EGP 26.82 million in the first quarter (Q1) of fiscal year (FY) 2024/2025. The recorded net profits were higher by 5% than EGP 25.59 …
Financial Results
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29 September 2024 09:40 AM Spinalex unveils 128% higher profits in FY23/24, bonus shares
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) recorded 128% year-on-year (YoY) higher net profits after tax at EGP 115.23 million in fiscal year (FY) 2023/2024. The generated net profits were compared with EGP 89.86 million, …
Board of Directors
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12 September 2024 00:50 PM Oriental Weavers, IRSC forge partnership to install $1.5m solar power plant
Cairo – Mubasher: Oriental Weavers and Integrated Renewable and Sustainable Communities (IRSC) partnered for an energy project at a total investment of $1.50 million, according to a press release. IRSC will install a 2.5 MWp solar power plant at …
Companies Investments
Photo Archive
19 August 2024 03:20 PM Oriental Weavers registers EGP 1.4bn consolidated profits in H1-24
Cairo – Mubasher: Oriental Weavers generated higher consolidated net profits after at EGP 1.47 billion in the first half (H1) of 2024, compared to EGP 733.39 million in H1-23. The sales amounted to EGP 10.77 billion as of 30 June 2024, marking a …
Financial Results
Photo Archive
11 June 2024 00:36 PM Arab Cotton Ginning’s standalone profit grows 142% YoY in 9M-23/24
Cairo – Mubasher: The standalone net profit of Arab Cotton Ginning Company rose by 142% year-on-year (YoY) to EGP 62.68 million in the first nine months (9M) of the fiscal year (FY) of 2023/2024 from EGP 25.90 million. Operating revenues increased …
Financial Results
Photo Archive
5 June 2024 00:41 PM Spinalex’s profits jump to EGP 103m in 9M-23/24
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) logged net profits after tax worth EGP 103.23 million in the first nine months (9M) of fiscal year (FY) 2023/2024, an annual leap from EGP 69.86 million. The sales hiked to EGP …
Financial Results
Photo Archive
29 May 2024 04:56 PM Oriental Weavers’ consolidated profit surpasses EGP 557m in Q1-24
Cairo – Mubasher: Oriental Weavers has posted a consolidated net profit after tax of EGP 557.58 million during the first quarter (Q1) of 2024, up from EGP 403.52 million in the equivalent period of last year. Net sales surged to EGP 5.03 billion …
Financial Results
Photo Archive
24 April 2024 09:59 AM Arab Cotton Ginning’s consolidated profit leaps 371% YoY in H1-23/24
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 …
Financial Results
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8 April 2024 11:34 AM Oriental Weavers unveils payment date for 2023 dividends
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, …
Cash Dividends
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28 February 2024 02:51 PM Oriental Weavers records EGP 1.9bn consolidated profits in 2023; dividends proposed
Cairo – Mubasher: Oriental Weavers posted a net consolidated profit after income tax of EGP 1.89 billion in 2023, a surge from EGP 944.17 million a year earlier. Net sales soared to EGP 17.65 billion last year from EGP 13.25 billion in 2022, …
Cash Dividends