QALA For Financial Investments (CCAP)

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News

10 December 2015 03:02 PM Pharos closes the sale of 100% of Qalaa's unit

Cairo - Mubasher: Pharos Holding for Financial Investments said its Investment Banking division concluded the sale of 100% of the shares of Misr October for Food Industries (El Misrieen) to Kamal Hagag — an Egypt-based investor in the F&B sector — …

Companies Investments

8 December 2015 07:54 AM Qalaa posts EGP 6.1bn profits in 9m

Cairo - Mubasher: The board of directors of Qalaa Holdings approved the company's consolidated and standalone financial statements for the financial period ended September 2015. The consolidated statements reflected revenues of EGP 6.1 billion, up …

Companies Investments

1 December 2015 09:53 AM Qalaa's unit sells Sudan assets for $4.25m

Cairo - Mubasher: Qalaa Holdings said that Gozour, a subsidiary, sold assets worth $4.25 million (EGP 33.27 million) in Sudan, according to a bourse filing. Qalaa said the divestiture will slash Gozour’s debts by around EGP 20 million. Gozour also …

Financial Results

30 November 2015 02:20 PM TAQA Arabia signs EGP 40m partnership deal

Cairo - Mubasher: TAQA Arabia Co., a subsidiary of Qalaa Holdings, signed a partnership agreement with both Egypt’s energy production and distribution company and New and Renewable Energy Authority (NREA) worth EGP 40 million. Through the …

Macroeconomics

29 November 2015 11:13 AM Qalaa Holdings unit may go into liquidation

Cairo - Mubasher: Mashreq Company, subsidiary of Qalaa Holdings, may go into liquidation after it finishes off the cancellation of a franchisee agreement with the General Authority for Economic Zone of the Suez Canal, said source close to the …

Corporate Actions

24 November 2015 10:00 AM Misr Cement approves finance contracts of ASEC Cement' deal

Cairo - Mubasher: Misr Cement - Qena said it gave go ahead to the finance contracts related to its recent deal with ASEC Cement. Earlier, ASEC Cement, subsidiary of Qalaa Holdings, has signed a sale and purchase agreement for the sale of its …

Companies Investments

23 November 2015 09:48 AM Qalaa unit negotiates to cancel franchisee agreement

Cairo - Mubasher: Qalaa Holdings announced that its subsidiary, Mashreq Company, runs negotiations with the General Authority for Economic Zone of the Suez Canal to cancel franchisee agreement. Through this agreement, Mashreq was supposed to …

Companies Investments

22 November 2015 09:54 AM Misr Cement Qena finishes buying Qalaa' subsidiaries

Cairo - Mubasher: Qalaa Holdings announced that its business unit ASEC Cement has signed a sale and purchase agreement for the sale of its holdings in subsidiaries ASEC Minya Cement and ASEC Ready Mix Co. — representing 46.5% and 55%, respectively …

Companies Investments

17 November 2015 11:10 AM Qalaa finishes 60% of ERC project - Official

Cairo - Mubasher: Qalaa Holdings finished nearly 60% of the Egyptian Refining Company’s (ERC) project, said Co-Founder and Managing Director Hisham El-Khazindar. The investments in ERC project amounts to EGP 30 billion, and it is expected to slash …

Companies Investments

12 November 2015 05:10 PM Investor ups stake in Qalaa Holdings

Cairo - Mubasher: Qalaa Holdings announced that the Caravel Fund International LTD has bought 4,878,458 shares of the company for EGP 9.2 million. Following this transaction, Caravel Fund’s stake in Qalaa increased from 6.02% to 6.36%. Qalaa …

Corporate Actions

1 November 2015 01:25 PM Misr Cement Qena acquires stakes in Qalaa's units

Cairo - Mubasher:Misr Cement – Qena announced that it has finished off acquiring 46.5% stake and 55% stake in ASEC Minya and ASEC Ready Mix Concrete respectively. The deal total value stands at EGP 2 billion, said a bourse statement. Qalaa owns …

Companies Investments

20 October 2015 04:01 PM EGX approves Qalaa Holdings capital top-up

Cairo - Mubasher: The listing committee at the Egyptian Exchange (EGX) approved listing the post-capital increase shares of Qalaa Holdings on 26 October. Earlier, Qalaa Holdings filed with EGX to raise its authorized capital from EGP 9 billion to …

Corporate Actions

5 October 2015 10:12 AM Misr Cement Qena seeks stakes in Qalaa's subsidiaries

Cairo - Mubasher: Qalaa Holdings, formerly known as Citadel Capital, announced that it received a preliminary acquisition offer from Misr Cement – Qena to buy stakes in both its subsidiaries ASEC Minya and ASEC Ready Mix Concrete.     According to …

Corporate Actions

20 September 2015 10:08 AM Qalaa Holdings H1 consolidated losses shrink 48.7%

Cairo-Mubasher: Qalaa Holdings brought down its losses by 48.7% in the first six months of 2015, according to the company’s filing to the bourse on Sunday. The investment firm reported half-year losses of EGP 301.3 million ($38.6 million), …

Financial Results

19 September 2015 04:29 PM Qalaa Holdings H1 losses shrink to EGP197m

Cairo – Mubasher: Qalaa Holdings, a leading investment firm, posted Saturday its financial results for the period ended 30 June 0215, showing that net loss for the first half of 2015 narrowed by 53% to EGP 196.9 million, compared with EGP 420.2 …

Financial Results

15 September 2015 09:38 AM Egypt’s Qalaa says continuing with non-core assets divestiture

Cairo-Mubasher: Qalaa Holdings, an African leader in infrastructure and industry, stated that the process of divesting non-core assets is on track according to determined schedule. The company said it is currently studying a number of buy offers …

Companies Investments

13 September 2015 10:28 AM Egypt’s Qalaa says rights issue 65% covered in 2nd phase

Cairo-Mubasher: Egypt's Qalaa Holdings (formerly Citadel Capital) said the second phase of its rights issue was covered by nearly 64.7%. The receiving banks saw subscription to 220 million shares (1.7 million preferred stocks and 218.26 million …

Initial Public Offerings

9 September 2015 01:05 PM Qalaa Holdings invests $287m in Rift Valley railways

Cairo-Mubahser:Qalaa Holdings, an African leader in infrastructure and industry, said its investments in Rift Valley railways(RVR) reached $126 million since 2012 and until now. Qalaa Holdings will allocate investments totaling $287 to the …

Management Decisions

7 July 2015 10:03 AM Egypt's Qalaa sees no subscriptions to rights issue

Cairo – Mubasher: Qalaa Holdings said, in a bourse filing Tuesday it received no subscriptions to shares of increasing issued capital to EGP 9.7 billion from EGP 8 billion. The company’s rights issue opened 2 June and ran for a month till 2 July. …

Corporate Actions

2 July 2015 09:58 AM Qalaa sees glass firm deal finalised in Q3

Cairo – Mubasher: Qalaa Holdings and some shareholders in Misr Glass Manufacturing Co. (MGM) have entered into an agreement, under which Middle East Glass Manufacturing Co. will acquire the shares of MGM. The parties forecast the final sale and …

Company News

24 June 2015 09:22 AM Qalaa to divest non-core businesses in 2015

Cairo – Mubasher: Qalaa Holdings, a leading investment company, said it signed new deals with Financial Holdings International (FHI) to sell its stakes in non-core businesses, while buying additional stakes from FHI in subsidiaries in key sectors …

Company News

14 June 2015 09:38 AM Egypt’s Qalaa seeks to turn profitable in 2015

Cairo – Mubasher: Qalaa Holdings (formerly Citadel Capital) said consolidated financial results for the first quarter of 2015 showed that net loss after tax and minority interest shrank by 51.6% to EGP 112.2 million, compared with EGP 231.9 …

Financial Results

1 June 2015 02:50 PM Emirates International cuts Qalaa stake to below 10%

Cairo – Mubasher: Qalaa Holdings, a leading investment firm, said Monday Emirates International Investments LLC sold 11.7 million shares in the company at a total value of EGP 23.6 million.Accordingly, Emirates International’s stake was lowered to …

Corporate Actions

28 May 2015 08:46 AM Major events on EGX for Thursday

Cairo-Mubasher: Investors are anticipating the following major events on the Egyptian bourse on Thursday: Record date for Qalaa secondary offering to increase authorised capital from EGP 9 billion to EGP 10 billion and paid-up capital from EGP 8 …

Company News

27 May 2015 09:58 AM Qalaa Holdings shareholders endorse financial results

Cairo – Mubasher: Qalaa Holdings, a leading investment company in Africa and the Middle East, said shareholders endorsed financial results as well as the board and auditors’ reports for the fiscal year 2014.The company previously posted EGP 1.4 …

Corporate Actions