QALA For Financial Investments (Qalaa Holding) News - Mubasher Info
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09 April 09:07 AM

QALA For Financial Investments (CCAP)

Last update: 8 April 02:29 PM market time.
3.92
-0.18
-4.39%
Open 4.10
Previous Close 4.10
High 4.04
Low 3.89
Stock Statistics
Volume 171,510,963
Turnover 676,028,160.00
All data are 15 minutes late during market session

News

Revenues grew to EGP 6.2 billion in the six-month period ended June
30 September 2018 00:21 PM Qalaa Holdings turns profitable in H1
Cairo – Mubasher: Qalaa Holdings on Sunday posted it has turned profitable during the first half of 2018 with a consolidated profit of EGP 233.28 million, compared to EGP 3.67 billion in losses in the same period a year earlier. Revenues grew to …
Financial Results
Qalaa Holdings to inject up to EGP 32 billion in energy projects
17 September 2018 06:51 PM Qalaa Holdings to inject up to EGP 32bn in energy projects - Chairman
By: Ahmed Allam Cairo - Mubasher: Qalaa Holding is planning to inject investments ranging between EGP 30 billion and EGP 32 billion over the next three years, chairman Ahmed Heikal has said. Speaking on the sidelines of a press conference by the …
Utilities
Alaa and Gamal Mubarak have denied any wrongdoing
16 September 2018 00:19 PM Mubarak’s sons arrested over EGX manipulation
Cairo – Mubasher: The Cairo Criminal Court has ordered the arrest of ousted Egyptian President Hosni Mubarak’s two sons for violating the rules of the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE) to make unlawful profits through …
Law
Qalaa Holdings holds an indirect stake of 16.76% in ERC.
5 September 2018 00:49 PM Qalaa Holdings to begin trial operation at ERC in November
Cairo – Mubasher: Qalaa Holdings on Wednesday announced the completion of nearly 98% of its subsidiary Egyptian Refining Co’s (ERC), the Egyptian investment firm’s $3.7 billion greenfield refinery in the Greater Cairo area of Mostorod. The …
Companies Investments
Asec holds around a 35% stake in the Algerian facility
4 September 2018 00:43 PM Qalaa Holdings trims investments in Algeria
Cairo – Mubasher: Qalaa Holdings on Tuesday announced that its subsidiary, Asec Cement, is looking to exit from Algeria-based Zahana Cement Factory. Asec holds around a 35% stake in the Algerian facility, Qalaa said in a statement to the Egyptian …
Companies Investments
Qalaa Holdings aims at establishing, operating, and managing a 50-megawatt solar power plant in Benban Solar Park
27 August 2018 02:05 PM Qalaa Holdings invests in Taqa Arabia’s EGP 1.35bn solar power project
Cairo – Mubasher: Qalaa Holdings, the main shareholder in Taqa Arabia, on Monday announced its first investment in generating solar power through photovoltaic (PV) cells at a cost of EGP 1.35 billion. The Cairo-based firm aims at establishing, …
Companies Investments
Qalaa Holdings to float 30% stake in Arabia Refining by 2019
3 July 2018 03:03 PM Qalaa Holdings to float 30% stake of Arabia Refining on EGX by 2019
Cairo – Mubasher: Chairman of Qalaa Holdings has unveiled a plan to offer shares of the company’s units on the Egyptian Exchange (EGX) within the framework of its five-year strategy. The Egyptian investment firm plans to begin with floating a …
Companies Investments
Qalaa has raised EGP 162 million, excluding liabilities, from the sale transaction
3 July 2018 00:24 PM Qalaa Holdings gets EGP 162m from stake sale in Bonyan
Cairo – Mubasher: Qalaa Holdings on Tuesday announced that its subsidiary MENA Home Furnishings Malls Ltd. (BVI) has indirectly sold its entire 60 % stake in Bonyan For Development & Trade. Accordingly, Qalaa has raised EGP 162 million, excluding …
Insider Trading & Treasury Stocks
Revenues grew to EGP 3.08 billion in the three-month period ended last March
2 July 2018 11:01 AM Qalaa Holdings Q1 losses fall 69%
Cairo – Mubasher: Qalaa Holdings on Monday reported a 69% year-on-year decline in consolidated losses for the first quarter of 2018, recording a net loss of EGP 183.9 million from EGP 596.08 million. Revenues grew to EGP 3.08 billion in the …
Financial Results
The JV will be set up under the name of Castrol Egypt Oils S.A.E. with a capital of EGP 20 million
4 June 2018 09:17 AM Qalaa Holdings’ unit, Castrol set up EGP 20m JV
Cairo – Mubasher: Qalaa Holdings announced that its subsidiary Taqa Arabia will establish a new joint venture (JV) with the UK-based Castrol, a subsidiary of British Petroleum (BP) Plc. The JV will be set up under the name of Castrol Egypt Oils …
Companies Investments
In April 2018, the FRA has asked Qalaa Holdings to appoint an independent financial advisor
15 May 2018 02:00 PM Qalaa Holdings appoints financial advisor to set FV
Cairo – Mubasher: Qalaa Holdings has hired RSM Egypt - Financial Advisory as its independent financial advisor to conduct the fair value (FV) of its stock, according to a bourse filing. In April 2018, the Financial Regulatory Authority (FRA) has …
Corporate Actions
Net loss totalled EGP 5.9 billion last year
15 May 2018 01:35 PM Qalaa Holdings incurs EGP 5.9bn loss in FY17
Cairo – Mubasher: Qalaa Holdings on Tuesday reported a slight rise in its consolidated losses during the full-year ended December 2017. Net loss totalled EGP 5.9 billion last year, versus EGP 5.6 billion in 2016, the company said in a filing to …
Financial Results
Qalaa Holdings holds around 60% stake in Bonyan indirectly.
2 May 2018 11:52 AM Qalaa Holding to net EGP 162m from selling stake in Bonyan
Cairo – Mubasher: The Egyptian leading investment company Qalaa Holdings on Wednesday said it will receive EGP 162 million from the sale of its stake in Bonyan for Trade and Development. The company’s unit MENA Home Furnishings Malls Ltd has …
Companies Investments
Qalaa Holding's stock surged 123% since the start of 2018, forecast to rise further
23 April 2018 07:32 PM Qalaa Holding’s stock surges 122% in 4M; lower subsidies main driver
By: Heba El Kordy Cairo – Mubasher: Qalaa Holding’s stock on the Egyptian Exchange (EGX) has seen a notable rising trend recently, and overall gains since the start of the year, as strong catalysts have bolstered the stock, analysts have said. …
Companies Investments
The cement and mining segments make up 14% of Pharos’ valuation
2 April 2018 02:45 PM Pharos Research re-initiates coverage on Qalaa Holdings at FV of EGP3/shr
Cairo – Mubasher: Pharos Research re-initiated coverage on Qalaa Holdings’ stock with an “Overweight” recommendation at a fair value (FV) of EGP 3 per share. The research company is concerned over Qalaa Holdings’ debt exposure that soared 110% in …
Stock Evaluations
Under the agreement, the first tranche of the loan will mature in June 2019
5 March 2018 07:59 PM Egyptian Refining Co inks deal to delay $270m repayment
By: Ahmed Allam Cairo – Mubasher: The Egyptian Refining Company (ERC) has signed an agreement to delay the repayment of $270 million in loans. Under the agreement, the first tranche of the loan will mature in June 2019 rather than the end of 2017, …
Company News
ERC will complete mechanical works by the end of June 2018
5 March 2018 07:36 PM Egyptian Refining Company to begin trial operations by Q3
By: Ahmed Allam Cairo – Mubasher: Egyptian Refining Company (ERC), a subsidiary of Citadel Capital, is looking to complete the mechanical works at its oil-refining project in Mostorod by the end of June 2018. Speaking on the sidelines of opening …
Companies Investments
Enppi’s IPO has been delayed due to legal obstacles regarding global offerings.
30 January 2018 03:57 PM Enppi's 24% IPO sale on EGX underway - CI Capital
Cairo – Mubasher: Engineering for the Petroleum and Process Industries (Enppi) will float a 24% stake on the Egyptian Exchange (EGX) and foreign investors would be allowed to invest in, CI Capital’s chairman and CEO Mahmoud Atallah told state news …
Corporate Actions
Reefy is the first licensed company in Egypt’s microfinance sector
2 January 2018 02:17 PM CI Capital acquires 80% stake in Reefy
Cairo – Mubasher: CI Capital Holding Company on Tuesday announced that it has acquired an 80% stake in Reefy Micro Finance Enterprise Services Company. The Egyptian financial services pioneer firm aims at reinforcing its strategy through this …
Mergers and Acquisitions
CI Capital to launch IPO on EGX in 2018
22 November 2017 00:12 PM CI Capital to launch IPO on EGX in 2018
Cairo – Mubasher: CI Capital plans to sell its shares on the Egyptian Exchange (EGX) in an initial public offering (IPO) in the second half of 2018, CEO Mahmoud Atallah told Alborsa News. Atallah forecast the IPO to be launched on the EGX in …
Mergers and Acquisitions
Revenues grew in Q1-17 to EGP 2.1 billion from EGP 1.7 billion
9 July 2017 00:18 PM Citadel Q1 losses increase 55%
Cairo – Mubasher: Citadel Capital’s consolidated losses for the first quarter of fiscal year 2017 rose 55% to EGP 546.64 million, versus EGP 352.07 million for Q1-16. However, revenues grew in Q1-17 to EGP 2.1 billion from EGP 1.7 billion for …
Financial Results
The Egyptian Exchange
18 June 2017 11:23 AM Citadel Capital OGM adopts FY16 financials
Cairo – Mubasher: Citadel Capital’s ordinary general meeting (OGM) has approved the financial statements for fiscal year 2016. Furthermore, the OGM has adopted the board's and auditor’s reports on the year ended 31 December 2016, a bourse filing …
General Assembly
The Egyptian Exchange (Photo credit: Mubasher)
22 May 2017 00:55 PM Citadel Capital stock down to 6M low
Cairo – Mubasher: Citadel Capital’s stock declined on Monday to its lowest level since six months (13 November 2016), pressured by a rise in the company’s annual losses. By 11:05 am Cairo time, the stock fell 8.5% to EGP 0.86, with a turnover  of …
Trading Activities
The Egyptian Exchange (Photo credit: Mubasher)
22 May 2017 11:33 AM Citadel Capital losses rise 355% in FY16
Cairo – Mubasher: Citadel Capital posted on Monday an increase of 355% in its consolidated net loss for fiscal year 2016 to EGP 5.58 billion, compared to EGP 1.22 billion for FY15. Expenses decreased in FY16 to EGP 797 million from EGP 1.76 …
Financial Results
Photo Credit: Press Release
20 May 2017 02:57 PM Egyptian new refinery to begin production in 2018
Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources said that the Egyptian Refining Company’s (ERC) project is expected to be begin operating by the end of 2017. The minister added on the sidelines of his visit to the Cairo …
Companies Investments Global Indices