Real Estate Egyptian Consortium (AREH)

Cairo – Mubasher: Shareholder Mahmoud Hasan Gabaallah Hassan has purchased 4.63 million shares in Real Estate Egyptian Consortium for EGP 10.48 million, equivalent to an average share price of EGP 2.25 per share. The shareholder’s ownership in the …

Cairo – Mubasher: Target for Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development has sold 4.26 million of its shares in Real Estate Egyptian Consortium for an average price of EGP 1.33 per share. Hence, Target …

Cairo – Mubasher: Real Estate Egyptian Consortium has reduced its stake in Lecico Egypt to 0.77% from 2.01% for a total value of EGP 9.15 million. Accordingly, Real Estate Egyptian Consortium sold 994,717 of its shares in Lecico at an average …

Cairo – Mubasher: Real Estate Egyptian Consortium intends to increase the authorised capital to EGP 400 million from EGP 100 million. The real estate developer will carry out the procedures required for the capital hike process after it obtains …

Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development has increased its stake in Real Estate Egyptian Consortium to 7.39% from 2.26%.  Target purchased 20.54 million shares for EGP …

Cairo – Mubasher: The shareholder Mohamed Abdel Nasser Hamed Mahmoud has reduced his stake in Real Estate Egyptian Consortium to 5.1% from 10.07%. The transaction included the sale of 19.86 million shares for EGP 116.77 million, averaging EGP 5.87 …

Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development has lowered its stake in Real Estate Egyptian Consortium to 1.75% from 5.93%.  The transaction involved the sale of 9.69 million …

Cairo – Mubasher: Real Estate Egyptian Consortium is considering the establishment of several investment projects in new urban communities such as the New Administrative Capital, New Cairo, Sixth of October City, New Alamein, and Marsa Matrouh.  …

Cairo – Mubasher: The Egyptian Saudi Insurance House sold its entire stake of 17.07% in Real Estate Egyptian Consortium for EGP 64.88 million. The transaction involved the sale of 6.83 million shares at a value of EGP 9.5 apiece, according to a …

Cairo – Mubasher: Real Estate Egyptian Consortium said that its board of directors approved the appointment of Adel Mamoun as the company’s chairman for a three-year term starting from 4 June. The board decided to delay the selection of the CEO …

Cairo – Mubasher: The unaudited consolidated financial results of the Real Estate Egyptian Consortium showed a 257.13% year-on-year profit surge during 2019. Net profits increased to EGP 39.371 million last year, compared to EGP 11.024 million in …

Cairo – Mubasher: The unaudited financial indicators of the Real Estate Egyptian Consortium recorded a 302.42% year-on-year profit hike during the first nine months of 2019. Net profits amounted to EGP 30.17 million during the January-September …

Cairo – Mubasher: The extraordinary general meeting (EGM) of the Real Estate Egyptian Consortium approved a five-for-one stock split. Accordingly, the company’s issued capital of EGP 80 million will be distributed on 40 million shares at a nominal …

Cairo- Mubasher: The consolidated financial statements of the Real Estate Egyptian Consortium showed a 358.6% year-on-year profit hike during the first half of 2019. Year-on-year, the net profits surged to EGP 24.63 million during the six months …

Cairo – Mubasher: Real Estate Egyptian Consortium reported a 358.6% year-on-year profit rise during the first half of 2019 on the back of higher revenues, the company’s standalone financial statements showed.   Net profits skyrocketed to EGP 24.63 …

Cairo – Mubasher: Real Estate Egyptian Consortium has reported a 188.84% year-on-year hike in net profits for the first quarter of 2019. The property developer has logged an EGP 6.73 million in profits during the three-month period, versus EGP …

Cairo – Mubasher: Real Estate Egyptian Consortium (AREH) on Thursday announced that it has sold two administrative assets in an a tower located in El-Batal Ahmed Abd El Aziz, Mohandeseen to Banque Misr at a combined value of EGP 45 million.  The …

Cairo – Mubasher: Real Estate Egyptian Consortium on Sunday reported a 71.1% year-on-year decline in profits for the first nine months of 2018. Net profits retreated to EGP 7.4 million in the nine-month period ended September, from EGP 25.97 …

Cairo – Mubasher: The unaudited standalone financial statements of the Real Estate Egyptian Consortium reported a decline of 27.52% in profits during the first nine months of 2017 compared to the same period a year ago. Earnings decreased to EGP …

Cairo - Mubasher: The ordinary general meeting (OGM) of Real Estate Egyptian Consortium has approved the distribution of bonus shares to shareholders for fiscal year 2016. The bonus shares will be distributed at 12.5% with a total value of EGP 10 …

Cairo – Mubasher: Real Estate Egyptian Consortium’s profits for the first quarter of fiscal year 2017 rose 380.7% to EGP 19.9 million, compared to EGP 4.14 million for Q1-16. Revenues increased to EGP 8.5 million in Q1-17 from EGP 4.9 million in …

Cairo – Mubasher: Real Estate Egyptian Consortium said Tuesday that it will hold an ordinary general meeting (OGM) on 27 April to discuss a proposal to distribute 1-for-8 bonus shares, totalling 1 million bonus shares. Furthermore, the OGM will …

Cairo – Mubasher: Real Estate Egyptian Consortium Company said Tuesday that its board of directors has approved to raise the issued and paid-up capital by EGP 10 million through distributing 1-for-8 bonus shares. Thus, the capital will be …

Cairo – Mubasher: Real Estate Egyptian Consortium said its unconsolidated profits for the fourth quarter of 2016 increased by 18.8%. The company reported net profits of EGP 2.27 million in Q4 – 2016, up from EGP 1.91 million for the same period of …

Cairo – Mubasher: Real Estate Egyptian Consortium reported net profits of EGP 3.47 million for the third quarter of 2016, up by 10.01% y-o-y. The company posted net profits of EGP 3.16 million for the same period a year earlier. As for the first …