QALA For Financial Investments (Qalaa Holding) News - Mubasher Info
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08 April 05:46 PM

QALA For Financial Investments (CCAPP)

Last update: 04:46 PM market time.
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News

Qalaa Holdings aims to further invest EGP 400 million in Dina Farms
17 July 2019 00:12 PM Qalaa Holdings' investments in Dina Farms hit EGP 500m
Cairo – Mubasher: Qalaa Holdings has invested EGP 500 million in Dina Farms to date, according to a statement to the Egyptian Exchange (EGX) on Wednesday Over the next three years, the investment firm aims to invest an additional amount of EGP 400 …
Companies Investments
The company aims to increase milk production to 140,000 tonnes
15 July 2019 03:55 PM Qalaa Holdings eyes EGP 950m revenue from Dina Farms in 2019
By: Ahmed Allam Cairo – Mubasher: Qalaa Holdings plans to increase revenue from Dina Farms to EGP 950 million in 2019 from EGP 650 million a year earlier, the company’s chairman Ahmed Heikal said. Over the next three years, the Egyptian investment …
Companies Investments
Qalaa Holdings acquired Dina Farms in 2007
15 July 2019 02:47 PM Qalaa Holdings plans to invest EGP 400m in Dina Farms
By: Ahmed Allam   Cairo – Mubasher: Qalaa Holdings is planning to inject investments worth EGP 400 million in Dina Farms, the company’s chief marketing officer Ghada Hammouda said. The leading investment company in the Middle East has invested …
Macroeconomics
IFC will receive the settlement amount by 2020
2 July 2019 04:30 PM Qalaa’s board greenlights $14m settlement deal with IFC
By: Islam Fadl Cairo – Mubasher: The board of directors of Qalaa Holdings has approved a settlement deal worth $14 million with the International Finance Corporation (IFC), investor relations officer at Qalaa Holdings, Tamer Darwish, told …
Corporate Actions
Net losses amounted to EGP 171.47 million
2 July 2019 11:36 AM Qalaa Holdings trims losses by 6.5% in Q1
Cairo – Mubasher: Qalaa Holdings reported a 6.5% year-on-year decline in its losses during the first quarter of 2019, according to the company’s consolidated financial results. Net losses amounted to EGP 171.47 million in the three-month period …
Financial Results
Revenues rose to EGP 13.16 billion
16 May 2019 04:29 PM Qalaa Holdings turns profitable in 2018
Cairo – Mubasher: Qalaa Holdings announced turning into profits during 2018, according to the company’s consolidated financial statements. Net profits amounted to EGP 929.06 million in the 12-month period ended 31 December 2018, against losses of …
Financial Results
Qalaa Holdings’ chairman Ahmed Heikal
6 May 2019 11:06 AM Qalaa Holdings to log EGP 90bn revenue in 2020 – Chairman
Cairo – Mubasher: Qalaa Holdings’ revenue is likely to exceed EGP 90 billion in 2020 once its Egyptian Refining Company (ERC) starts operation in the third quarter of this year, the company’s chairman told Reuters. The Egyptian investment firm, …
Company News
Trial operation of all the units is set for completion by the end of Q2-19
9 April 2019 00:08 PM Qalaa Holding completes trial operation of 2 units in ERC’s project
Cairo – Mubasher: Qalaa Holdings on Tuesday announced it has successfully completed the trial operation of its Egyptian Refining Company’s (ERC) continuous catalytic reforming (CCR) unit and visual display unit (VDU). The company has supplied 100 …
Corporate Actions
Qalaa Holdings holds an indirect stake of 16.76% in ERC.
27 March 2019 10:17 AM Qalaa Hodings to complete trial operation of ERC’s project in Q2
Cairo – Mubasher: Qalaa Holdings is set to complete the trial operation of its unit Egyptian Refining Company’s (ERC) project by the end of the second quarter of 2019. ERC has supplied around 36,870 tonnes of diesel, 5,800 tonnes of naphtha, and …
Companies Investments
The trial operation of all units of the project is expected to be completed by Q2-19
10 March 2019 01:32 PM Qalaa Holdings completes trial operation of ERC’s 98-octane gasoline unit
Cairo – Mubasher: Qalaa Holdings on Sunday announced the successful pilot operation of its catalytic reforming unit and production of 98-octane gasoline in its leading Egyptian Refining Company’s (ERC) project, according to a bourse filing. The …
Company News
The pilot operation of the project’s naphtha production unit has been successful
3 March 2019 11:34 AM Qalaa Holdings to complete ERC’s trial operation in Q2-end
Cairo – Mubasher: Qalaa Holdings on Sunday announced that the trial operation of all units at the Egyptian Refining Company’s (ERC) project is set for completion by the end of the second quarter of 2019. The pilot operation of the project’s …
Companies Investments
The trial operation of all units of the project is set for completion by the end of Q2-19
26 February 2019 00:08 PM Qalaa Holdings to begin ERC’s commercial operation in Q3
Cairo – Mubasher: Qalaa Holdings on Tuesday announced its diesel production unit at the Egyptian Refining Company’s (ERC) project will begin commercial operation in the third quarter of 2019. The trial operation of all units of the project is set …
Companies Investments
ERC is reportedly seeking a multi-million mega loan from CIB
19 February 2019 06:49 PM Egyptian Refining Co. eyes $80m loan from CIB
Cairo – Mubasher: Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, is reportedly seeking a multi-million mega loan from the Commercial International Bank (CIB), three banking sources told Reuters. CIB will arrange an $80-million …
Banking and Finance
Revenues of the project are expected to reach around $10.8 million a year
13 February 2019 04:14 PM Qalaa to begin selling electricity from Benban’s project in February
Cairo – Mubasher: Qalaa Holdings on Wednesday said it may start selling electricity from Benban’s project in the Upper Egypt of Aswan to state-run Egyptian Electricity Transmission Co (EETC) this month. The company has completed the construction …
Companies Investments
The plant is now connected to the Egyptian Electricity Transmission’s (EETC) substation
4 February 2019 00:23 PM Hassan Allam-Taqa’s EGP 1.35bn solar plant begins operation in Aswan
Cairo – Mubasher: Hassan Allam Holding has completed the construction of a 50-megawatt solar power plant in Benban Solar Park in the Upper Egypt governorate of Aswan in partnership with Taqa Arabia, a subsidiary of Qalaa Holdings, at a cost of EGP …
Macroeconomics
Qalaa Holdings aims to divest two to three subsidiary companies in 2019 and 2020
22 January 2019 06:23 PM Qalaa Holdings to exit up to 3 firms in 2yrs
Cairo - Mubasher: Qalaa Holdings aims to divest two to three subsidiaries in 2019 and 2020, the firm's founding partner and managing director said. The Cairo-based investment company’s recent divestments can be attributed to its strategy to focus …
Companies Investments
Egypt is planning to increase the usage of solar energy to 16%
19 January 2019 01:44 PM Egypt’s planning ministry inks energy protocol with Qalaa, NU
Cairo – Mubasher: Egypt’s planning ministry has signed a protocol with Qalaa Holdings and the Nile University (NU) to develop the Egyptian energy sector in line with Vision 2030. The North African country is planning to increase the usage of solar …
General News
Qalaa Holdings signed a memorandum of understanding (MoU) with state-run Qatar Petroleum (QP) to purchase an additional stake in the Egyptian Refining Company (ERC).
16 January 2019 03:33 PM Qalaa Holdings buys Qatar Petroleum’s stake in Egyptian Refining
Cairo - Mubasher: Qalaa Holdings signed a memorandum of understanding (MoU) with state-run Qatar Petroleum (QP) to purchase an additional stake in the Egyptian Refining Company (ERC). The Cairo-based investment company is expected to obtain the …
Companies Investments
23 December 2018 02:51 PM Pharos Research maintains ‘Equalweight’ on Qalaa Holdings
Pharos expects Qalaa Holdings to remain profitable, bolstered by buoyed by one-off gains
Global Economy
The company’s revenue soared 40% year-on-year in Q3
22 December 2018 04:38 PM Qalaa Holdings’ net profit records EGP 126.4m in Q3
Cairo – Mubasher: Qalaa Holdings has posted EGP 126.4 million in net profit during the third quarter of 2018. The company’s revenue soared 40% year-on-year to EGP 3.28 billion in Q3/2018, according to a company statement. Also, earnings before …
Financial Results
11 December 2018 00:57 PM Qalaa Holdings EGM nods to apply reward, motivation system
The EGM endorsed a sample of the contract to be signed with those who will benefit from the system
Global Economy
The transaction is expected to take place prior to mid-2019
7 November 2018 01:28 PM Qalaa’s unit inks MoU to exit from Algerian Zahana Cement
Cairo - Mubasher: Qalaa Holdings on Wednesday said that its subsidiary, Asec Cement, has signed a memorandum of understanding (MoF) with Groupe industriel des ciments d'Algérie (GICA) to exit from the Algeria-based Zahana Cement Factory. Upon the …
Companies Investments
The board has agreed on the EGM’s proposal to look into applying the system
21 October 2018 01:21 PM Qalaa Holdings OKs 8-yr motivation, reward system
Cairo – Mubasher: Qalaa Holdings’ board of directors has endorsed the details of an eight-year motivation and reward system for the company’s employees  starting from the date of getting the Financial Regulatory Authority’s (FRA) approval. The …
Corporate Actions
Qalaa Holdings likely to generate between $1.5 billion and $1.6 billion in EBITDA
8 October 2018 00:18 PM Qalaa Holdings eyes unit IPOs in 2019
Cairo – Mubasher: Qalaa Holdings is expected to offer stakes in Taqa Arabia and the Egyptian Refining Company (ERC) for sale on the Egyptian Exchange (EGX) in the fourth quarter of 2019, chairman said. The ERC project located in Mostorod will …
Financial Results
Oriental Weavers’ stock is expected to exit the index as its modified market value amounts to $118 million based on free-float shares
3 October 2018 03:03 PM Qalaa Holdings to replace Oriental Weavers on MSCI - Beltone
Cairo – Mubasher: Beltone Research on Wednesday projected that the Morgan Stanley Emerging Markets Index’s (MSCI) review for the Egyptian market will remain unchanged. The MSCI’s anticipated review, scheduled to for disclosure on 13 November, …
Stock Evaluations