Electro Cable Co SAE - Egypt News - Mubasher Info
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10 April 06:40 AM

Electro Cable Co SAE - Egypt (ELEC)

Last update: 9 April 02:29 PM market time.
2.06
0.00
0.00%
Open 2.06
Previous Close 2.06
High 2.08
Low 2.05
Stock Statistics
Volume 5,567,233
Turnover 11,493,240.00
All data are 15 minutes late during market session

News

The transactions are part of the horizontal spin-off process.
5 October 2021 00:43 PM Pioneers Holding's subsidiaries see block-trading deals on Tuesday
Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the execution of block-trading deals on the shares of several listed subsidiaries of Pioneers Holding Company for Financial Investment as part of the horizontal spin-off process. …
Company News
Shareholders will meet to take a decision on the horizontal demerger
27 June 2021 01:28 PM Pioneers Holding gets FRA's approval to proceed with restructuring plan
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Pioneers Holding Company to proceed with the restructuring procedures.  The disclosure form includes the board of …
Corporate Actions
Revenues surged to EGP 432.66 million in Q1-21
13 June 2021 05:31 PM Electro Cable achieves EGP 9m in Q1 net profits
Cairo – Mubasher: Electro Cable Egypt recorded a consolidated net profit of EGP 9 million during the first three months of 2021, about 71% higher than EGP 5.26 million in the same period last year. Revenues surged to EGP 432.66 million in the …
Financial Results
The decision will be referred to the shareholders on 30 March for approval
8 March 2021 00:15 PM Electro Cable Co's board approves land sale to Cairo Leasing Corporation
Cairo – Mubasher: Electro Cable Co’s board of directors approved the sale of the land plot no. 31 and the buildings located on it in the eighth industrial zone in Sadat City, El-Menofia Governorate, to Cairo Leasing Corporation. The decision will …
Corporate Actions
The new shares will be listed on the EGX as of 27 January.
24 January 2021 04:44 PM EGX approves listing stock-split shares of Electro Cable, Giza General Contracting
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee announced the listing of the new shares of Electro Cable Co and Giza General Contracting and Real Estate Investment Co. following a five-for-one stock split. Electro Cable Co’s …
Corporate Actions
A a total of 90.2 million shares were traded
9 December 2020 00:59 PM EGX announces EGP 207m block-trading deal on Electro Cable’s shares
Cairo – Mubasher: Electro Cable Co witnessed a block-trading deal worth EGP 207.46 million. Under the deal, a total of 90.2 million shares were traded, the Egyptian Exchange (EGX) said in a statement on Wednesday. During the first nine months of …
Insider Trading & Treasury Stocks
The company’s capital amounts to EGP 711.44 million
3 December 2020 05:59 PM Electro Cable's shareholders approve one-to-five stock split
Cairo – Mubasher: The extraordinary general meeting (EGM) of Electro Cable Co approved a one-to-five stock split, making the nominal value of the share stand at EGP 0.20 instead of EGP 1. The company’s capital now amounts to EGP 711.44 million, …
Corporate Actions
Sales declined to EGP 800.9 million in the January-June period
30 August 2020 03:09 PM Electro Cable’s profit edges down in H1-20
Cairo – Mubasher: The net profits of Electro Cable Co. fell by 4% year-on-year (YoY) to EGP 82.13 million in the first half (H1) of 2020 from EGP 85.9 million. The company’s sales slid to EGP 800.9 million in the January-June period, compared to …
Financial Results
Sales shrank to EGP 379.25 million in the January-March period
10 June 2020 03:09 PM Electro Cable’s profit plummets 92% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Electro Cable Co. reported net profits of EGP 5.26 million, down by 91.9% from EGP 65.16 million in the year-ago period. Sales shrank to EGP 379.25 million in the three-month period ended …
Financial Results
The company logged EGP 1.35 billion in net profits in 2019
10 May 2020 00:10 PM Pioneers Holding obtains FRA's approval to acquire 5 units
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the acquisition offer submitted by Pioneers Holding Company for Financial Investment to raise its shareholding in five of its subsidiaries to 90% …
Company News
Sales fell to EGP 1.64 billion in 2019
30 March 2020 00:52 PM Electro Cable’s profit rises 24% in 2019
Cairo – Mubasher: Electro Cable Co reported a 23.7% year-on-year (YoY) growth in its net profits in 2019, according to the company’s consolidated financial statements showed. The company’s net profits surged to EGP 166.77 million last year from …
Financial Results
Electro Cable reported net profits of EGP 116.18 million in nine months
15 March 2020 01:26 PM Electro Cable to sell 25K-sqm land plot
Cairo – Mubasher: The board of directors of Electro Cable Co decided to sell an unused land plot covering an area of 25,171 square metres (sqm) dedicated for industrial purposes. The board approved a proposal to sell the land plot at EGP 4,250 per …
Company News
Pioneers Holding plans to raise its shareholding in five of its units to 90%
10 March 2020 00:37 PM EGX resumes trading on stocks of Pioneers Holding, 5 subsidiaries
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to resume trading on the stocks of Pioneers Holding Company for Financial Investment and five of its subsidiaries.  Upon a request from the Financial Regulatory Authority (FRA), trading was …
Trading Activities
Pioneers Holding reported net profits of EGP 1.231 billion in nine months
9 March 2020 03:58 PM Pioneers Holding to proceed with acquisition of 5 subsidiaries
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment decided to proceed with raising its shareholding in five of its subsidiaries to 90% through stock swap transactions. The board approved the following …
Corporate Actions
Pioneers Holding's net profits leapt to EGP 1.23 billion in nine months
3 March 2020 01:19 PM EGX halts trading on stocks of Pioneers Holding, 5 subsidiaries
Cairo – Mubasher: The Egyptian Exchange (EGX) decided to suspend trading on the shares of Pioneers Holding Company for Financial Investment and five of its subsidiaries until receiving a statement from the Egyptian Financial Regulatory Authority …
Trading Activities
Pioneers aims to increase its stakes in these companies to 90%
3 March 2020 00:40 PM Pioneers Holding's board approves FV studies of 5 units
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor FACT for five of its subsidiaries listed on the Egyptian Exchange (EGX). Pioneers …
Corporate Actions
Pioneers Holding seeks to raise its stake in five subsidiaries to 90%
14 January 2020 00:22 PM Pioneers Holding files draft MTO for 5 subsidiaries
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has submitted a draft mandatory tender offering (MTO) to the Egyptian Financial Regulatory Authority (FRA) to acquire 90% of five subsidiaries through stock swap transactions. The …
Corporate Actions
Pioneers aims to increase its stakes in these companies to 90%
13 January 2020 03:41 PM Pioneers Holding's board approves FV studies of 5 subsidiaries
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor Fincorp for five of its subsidiaries listed on the Egyptian Exchange (EGX). …
Corporate Actions
Sales grew to EGP 1.59 billion
18 November 2019 11:02 AM Electro Cable logs EGP 116m profit in 9M
Cairo – Mubasher: The consolidated financial statements of Electro Cable Co. showed a 32% year-on-year profit rise during the first nine months of 2019. Net profits increased to EGP 116.18 million in the nine-month period ended 30 September, …
Financial Results
The company’s capital stands at EGP 4.6 billion
22 October 2019 11:57 AM Pioneers Holding appoints Fincorp for fair value estimation
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has appointed Fincorp to conduct the fair value estimation of the company and the other subsidiaries offered for sale. The subsidiary companies include Giza General Contracting …
Insider Trading & Treasury Stocks
Net profits reached EGP 85.95 million
25 August 2019 04:53 PM Electro Cable’s profit up 114% in H1
Cairo – Mubasher: Electro Cable Co – Egypt recorded a 113.85% year-on-year profit surge during the first half of 2019. Net profits reached EGP 85.95 million in the six-month period ended 30 June, compared to EGP 40.19 million in the year-ago …
Financial Results
Net profits hiked to EGP 65.16 million in Q1
10 June 2019 04:31 PM Electro Cable to offer land for sale
Cairo – Mubasher: Electro Cable Co – Egypt announced that its board of directors has decided to offer an unused land plot for sale. The board decided to sell a land plot, spanning over about 43,000 square metres, to one or more buyers, the company …
Board of Directors
Net profits amounted to EGP 65.16 million
27 May 2019 01:10 PM Electro Cable posts 524% profit hike in Q1
Cairo – Mubasher: Electro Cable Co – Egypt reported a 524% year-on-year surge in its consolidated profits during the first quarter of 2019. Net profits amounted to EGP 65.16 million in the January-March period of 2019, compared to EGP 10.44 …
Financial Results
Pioneer Holding raised its stake in Electro Cable by 19.64%
22 April 2019 03:52 PM Pioneer Holding raise stake in Electro Cable to 68.14%
Cairo – Mubasher: Pioneer Holding Company for Financial Investment and its subsidiaries have raised their stake in Electro Cable Co SAE – Egypt by 19.64% to 68.14% from 48.5% after the implementation of a mandatory purchase offer on the offered …
Companies Investments
Three companies have purchased 139.43 million shares in Electro Cable Co
22 April 2019 09:11 AM Three firms acquire EGP 188m stake in Electro Cable
Cairo – Mubasher: Pioneer Holding announced that three companies have purchased 139.43 million shares in Electro Cable Co SAE – Egypt at a value of EGP 188.25 million. Wadi Consulting has raised its stake in Electro Cable to 15.41% from 7.61% …
Mergers and Acquisitions