Creast mark For Contracting and Real Estate Development (CRST)

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News

24 November 2022 09:39 AM Shareholder cuts stake in Lift Slab Misr

Cairo – Mubasher: Shareholder Ayman Ibrahim Abdel Moneim El-Nahhas has reduced his stake in the Egyptian Company for Construction Development (Lift Slab Misr) to 6.05% from 7.12% for a total value of EGP 2.04 million. El-Nahhas sold 6 million …

Companies Investments

21 September 2022 04:10 PM Shareholder buys 4m shares in Lift Slab Misr

Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) announced that Ayman Ibrahim Abdel Moneim El-Nahhas increased his stake in the company's capital to 3.38% from 2.67%. Hence, El-Nahhas purchased 4 million shares at a …

Mergers and Acquisitions

20 September 2022 09:44 AM Lift Slab Misr uses EGP 71m of capital hike proceeds

Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) has spent EGP 71.53 million of the capital increase subscription proceeds amounting to EGP 86.22 million as of the end of October 2020. The total value of the …

Companies Investments

26 September 2021 04:01 PM Lift Slab Misr spends EGP 71m of capital raise proceeds

Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) has used EGP 70.78 million of the capital raise subscription proceeds totalling EGP 86.22 million as of the end of June.  The total value of the proceeds amounts to …

Companies Investments

11 October 2020 05:55 PM Lift Slab Misr hires Grant Thornton for FV assessment

Cairo – Mubasher: The Egyptian Company for Construction Development (Lift Slab Misr) announced the appointment of Grant Thornton Financial Consulting to conduct a fair value (FV) study of the company’s shares.  The FV assessment is needed by the …

Corporate Actions

25 August 2020 01:47 PM Lift Slab Misr’s board approves EGP 84m capital raise

Cairo – Mubasher: The board of directors of the Egyptian Company for Construction Development (Lift Slab Misr) decided to increase the issued capital as subscription to its capital raise was covered by 100%. The company’s capital will be raised by …

Corporate Actions

12 August 2020 00:04 PM Lift Slab Misr reports 16-fold profit leap in H1-20

Cairo – Mubasher: The net profits of the Egyptian Company for Construction Development (Lift Slab Misr) surged by 1,558% year-on-year (YoY) to EGP 3.79 million during the first half (H1) of 2020 from EGP 228,668. The company’s operating income …

Financial Results

7 July 2020 00:25 PM Lift Slab Misr set to complete acquisition of El-Wafaa for Tourism Investment

Cairo – Mubasher: The Egyptian Company for Construction Development (Lift Slab Misr) is set to complete a deal to acquire 85% of El-Wafaa for Tourism Investment Co. for EGP 94.6 million from Al Forsan Real Estate Development & Investments. Through …

Mergers and Acquisitions

6 February 2020 02:37 PM Lift Slab proposes 150% capital raise

Cairo – Mubasher: The board of directors of the Egyptian for Developing Building Materials (Lift Slab) recommended an increase in the company’s issued capital to EGP 140.3 million from EGP 56.125 million. The capital is proposed to be increased by …

Corporate Actions

29 January 2020 04:54 PM Lift Slab granted contract for EGP 100m project in Damietta

Cairo – Mubasher: Egyptian for Developing Building Materials (Lift Slab) has been awarded a commercial, administrative, and residential joint project by MOT Investments and Projects, an affiliate to the Egyptian transport ministry. Situated on …

Companies Investments

27 October 2019 11:19 AM Lift Slab’s shareholders approve stock split

Cairo – Mubasher: The extraordinary general meeting (EGM) of the Egyptian for Developing Building Materials (Lift Slab) approved a five-for-one stock split. The company’s shareholders approved a recommendation to split the share’s nominal value to …

General Assembly

11 June 2019 00:55 PM Lift Slab’s new capital project nears completion

Cairo – Mubasher: Egyptian for Developing Building Materials (Lift Slab) announced that the delivery of its minarets project in the New Administrative Capital is near completion. The company has sealed EGP 22 million contracts since the beginning …

Corporate Actions

26 March 2019 03:53 PM Lift Slab proposes EGP 31.02m capital hike

Cairo – Mubasher: Egyptian for Developing Building Materials’ (Lift Slab) board of directors has recommended raising the company’s issued capital to EGP 65.1 million from EGP 34.07 million. The extraordinary general meeting (EGM) is set to review …

Corporate Actions

15 August 2017 04:14 PM Lift Slab Misr H1 profits jump 258.5% on higher operating revenues

Cairo – Mubasher: Egyptian for Developing Building Materials (Lift Slab Misr) on Tuesday announced a 258.5% year-on-year rise in profits for the first half of 2017. Profits soared to EGP 336,000 in H1-17, from EGP 93,700 a year ago, according to …

Financial Results

12 April 2017 11:38 AM Lift Slab Misr turns profitable in FY16

Cairo – Mubasher: Egyptian for Developing Building Materials (Lift Slab Misr) posted on Wednesday a net profit of EGP 39,400 for fiscal year 2016, compared to a net loss of EGP 1.4 million for FY15. The company will hold an ordinary general …

Financial Results

31 January 2017 11:25 AM Lift Slab Misr, Arab Contractors to establish joint projects

Cairo – Mubasher: The Egyptian Co. For Construction Development (Lift Slab Misr) said it signed an MoU with Arab Contractors Co. to implement joint projects inside and outside Egypt. Lift Slab Misr was awarded earlier works worth EGP 22 million in …

Companies Investments

16 January 2017 02:18 PM Lift Slab to execute EGP 22m projects in New Capital

Cairo – Mubasher: The Egyptian Company for Construction Development (Lift Slab) on Monday announced being awarded EGP 22 million ($1.17 million) worth of construction works in Egypt’s New Capital. The awards are part of the first stage of a …

Companies Investments

8 January 2017 11:36 AM Lift Slab Misr approves stock spit

Cairo – Mubasher: The Egyptian Co. For Construction Development (Lift Slab Misr) said its board of directors gave a nod to split the company’s stock at 1:2. Following the stock split, the company’s par value will be reduced from EGP 10 per share …

Corporate Actions

2 January 2017 00:10 PM LIFT SLAB board approves stock split, capital hike

Cairo – Mubasher: Cairo – Mubasher: The Egyptian Company for Developing Building Materials’ (LIFT SLAB) said its board of directors approved both stock split and capital increase. The company noted that it resorted to these decisions as …

Corporate Actions

3 November 2016 05:57 PM LIFT SLAB turn profitable in Q3

Cairo – Mubasher: The Egyptian Company for Developing Building Materials’ (LIFT SLAB) reported net profits of EGP 722,910 for the third quarter of 2016. The company reported net losses of EGP 118,200 for the same period of the previous year. As …

Financial Results

17 October 2016 05:48 PM LIFT SLAB eyes EGP 115m in sales from Marsa Matrouh project

Cairo – Mubasher: The Egyptian Company for Developing Building Materials’ (LIFT SLAB) said it expects sales value amounts to EGP 115 million from its project in Marsa Matrouh. The company will collect EGP 57.5 million, representing 50% of the …

Companies Investments

16 October 2016 00:28 PM LIFT SLAB to inject EGP 345m investments

Cairo – Mubasher: The Egyptian Company for Developing Building Materials’ (LIFT SLAB) board approved to inject EGP 345 million investments LIFT SLAB is studying the expansion in Saudi Arabia in Makkah with a total investments of EGP 25 million, …

Companies Investments

7 September 2016 05:45 PM EGX approves 3 capital increases

Cairo - Mubasher: The Egyptian Stock Exchange approved on Wednesday the request of three companies to increase their capital. EGX announced listing the increased capital of the Egyptian Company for Developing Building Materials (LIFT SLAB) …

Corporate Actions

15 August 2016 05:11 PM LIFT SLAB turns profitable in H1

Cairo – Mubasher: The Egyptian Company for Developing Building Materials (LIFT SLAB) on Monday reported turning a profit in the first six months of 2016. The company achieved a net profit of EGP 93,700 ($10,550) in H1-16 against a loss of EGP 2.3 …

Financial Results

1 August 2016 00:01 PM LIFT SLAB targets contracts worth EGP 250m in 2016

Cairo - Mubasher: The Egyptian Company for Developing Building Materials (LIFT SLAB) said it works on reaching contracts with total value amounts to EGP 250 million by the end of 2016, through seizing two projects The firm said the value of the …

Companies Investments