GMC Group for Industrial Commercial and Financial Investments (GMCI)

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News

15 May 2017 06:47 PM GMC profits up 31% in Q1

Cairo - Mubasher: GMC Group for Industrial, Commercial and Financial Investments Company reported a growth in profits by 31% year-on-year in the first quarter of 2017, according to a bourse filing. The company said in a statement to the Egyptian …

Financial Results

26 April 2017 10:50 AM GMC Group EGM to mull stake purchase offer in unit 15 May

Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments said Wednesday that its extraordinary general meeting (EGM) will discuss on 15 May an acquisition offer for a partial or the entire stake in GMC Engineering and …

General Assembly

23 April 2017 11:49 AM GMC Group EGM delayed for lack of quorum

Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments said Sunday that it has postponed its extraordinary general meeting (EGM) due to a lack of quorum. The company will set an alternative date for the meeting, according …

Mergers and Acquisitions

29 March 2017 01:44 PM GMC Group EGM to mull stake purchase offer in unit 22 April

Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments said Wednesday that it will hold an extraordinary general meeting (EGM) on 22 April to discuss an acquisition offer for a partial or the entire stake in GMC …

Event

22 January 2017 02:22 PM GMC unit injects EGP500m in expansions

Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments said its unit - GMC Engineering and Feeding Industries had pumped EGP 500 million in new expansions. GMC turned to losses in the second quarter of 2016 as it posted …

Companies Investments

9 August 2016 00:38 PM GMC turns a loss in Q2

Cairo – Mubasher: GMC Group for Industrial, Commercial and Financial Investments turned into losses during the second quarter of 2016, according to a bourse filing. The company logged EGP 6,350 losses in Q2 against EGP 427,890 profits for the …

Financial Results

21 December 2015 00:24 PM GMC deputy chairman steps down

Cairo-Mubasher: GMC Group for Industrial, Commercial and Financial Investments said Deputy Chairman Ahmed Kamal El-Oleimi submitted his resignation. The resignation is pending the approval of the upcoming general meeting. The Egyptian bourse …

Management Decisions

15 November 2015 04:58 PM GMC posts 354% profit surge in 9M

Cairo – Mubasher: GMC for Industrial Commercial & Financial Investments said Sunday it generated EGP 1.12 million ($143,400) net profit for the first nine months of 2015, a surge of 354% year-on-year from EGP 246,100 ($31,500). The company’s …

Financial Results

1 February 2015 10:14 AM Major events on EGX for Sunday

Cairo-Mubasher: Investors are anticipating the following events related to some companies listed on the Egyptian bourse on Sunday, February 1: Listing the secondary offering shares of GMC Group for Industrial, Commercial and Financial Investments …

Market News

5 January 2015 00:19 PM GMC plans EGP40m investments in first quarter

By Ahmed Allam:Cairo-Mubasher: GMC for Industrial Commercial & Financial Investments is intending to launch EGP 40 million worth of investments during the first quarter in 2015, said CEO Mohamed El Gendy in a phone interview with …

Company News

5 November 2014 02:09 PM GMC says rights issue covered 57.5%

GMC for Industrial Commercial & Financial Investments announced that its rights issue was covered by 57.49%.Subscription rights were traded during the period Wednesday, September 24 till Sunday, October 26.The Egyptian Financial …

Company News

26 October 2014 04:00 PM GMC to buy shopping mall in Six of October City

The board of GMC for Industrial Commercial & Financial Investments approved signing an agreement to purchase a shopping mall owned by Al Forsan Real Estate & Investment in its project in Six of October City.The board also endorsed …

Corporate Actions

24 September 2014 11:55 AM GMC subscription rights start trading September 24

The Egyptian Exchange (EGX) announced that subscription rights of GMC for Industrial Commercial & Financial Investments will start today during the period September 24- October 26.The Egyptian Financial Supervisory Authority (EFSA) had …

Corporate Actions

23 September 2014 10:29 AM GMC adds EGP 0.05/shr cost to issue price

The GMC Group for Industrial, Commercial and Financial Investments announced adding an issue cost of EGP 0.05 to its issue price. The company aims to increase the issued capital from EGP 34.999 million to EGP 104.999 million.The …

Corporate Actions

21 September 2014 10:21 AM Record date for GMC rights issue September 21

The Egyptian Financial Supervisory Authority (EFSA) has initially approved a request from GMC for Industrial Commercial & Financial Investments to invite shareholders to subscribe to shares of increasing issued capital from EGP 34.999 …

Company News

18 September 2014 03:00 PM GMC denies undisclosed material events

GMC for Industrial Commercial & Financial Investments said, in a statement to the stock market, that it has no undisclosed material events.According to the company, P/E ratio for 2011 amounted to 330x, 2012 (232x), 2013 (255.45x) and …

Company News

18 September 2014 01:59 PM GMC mulls launching hypermarket chain with European investors

GMC for Industrial Commercial & Financial Investments said it is currently in talks with European investors over the establishment of hypermarket chain that will include international brands.Chairman Mohamed El Gendi told Al Mal that the …

Company News

4 September 2014 00:58 PM Record date for GMC rights issue September 21

The Egyptian Financial Supervisory Authority (EFSA) has initially approved a request from GMC for Industrial Commercial & Financial Investments to invite shareholders to subscribe to shares of increasing issued capital from EGP 34.999 …

Event