Middle East Glass Manufacturing Co SAE News - Mubasher Info
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Middle East Glass Manufacturing Co SAE (MEGM)

Last update: 28 April 2022 11:50 AM market time.
17.69
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Open 17.69
Previous Close 17.69
High 17.69
Low 17.69
Stock Statistics
Volume 1,404,559
Turnover 24,849,202.00
All data are 15 minutes late during market session

News

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25 October 2022 01:51 PM Middle East Glass Manufacturing’s board approves EGP 12m capital hike
Cairo – Mubasher: Middle East Glass Manufacturing Co’s board approved raising the company’s issued capital to EGP 62.62 million from EGP 50.32 million. The EGP 12.30 million capital hike will be distributed on 12.30 million shares, according to a …
The company will be sold at a price of EGP 230.16 per share
2 November 2021 00:21 PM Middle East Glass Manufacturing inks deal to sell Medco Plast
Cairo – Mubasher: Middle East Glass Manufacturing Co has reached a final agreement to sell its subsidiary Medco Plast for Packing and Packaging Systems.  Under the deal, the company will be sold at a price of EGP 230.16 per share, according to a …
The sales increased to EGP 1.37 billion in the January-September period
1 November 2021 01:30 PM Middle East Glass Manufacturing's 9M profit hikes 1,172%
Cairo – Mubasher: Middle East Glass Manufacturing Co logged consolidated net profits of EGP 164.21 million in the first nine months of 2021, a leap of 1,172% year-on-year (YoY) from EGP 12.9 million, including minority shareholders' rights.  The …
The sales increased to EGP 912.92 million in the six-month period
11 August 2021 03:28 PM Middle East Glass Manufacturing's H1 profit leaps 498%
Cairo – Mubasher: Middle East Glass Manufacturing Co reported a 498% year-on-year (YoY) surge in its consolidated net profits to EGP 114.14 million in the first half (H1) of 2021, compared to EGP 19.08 million, including minority shareholders' …
The company plans to sell 772,200 shares, representing 15.6% of Medco Plast's capital
13 July 2021 11:03 AM Middle East Glass Manufacturing to sell entire stake in Medco Plast
Cairo - Mubasher: The board of directors of Middle East Glass Manufacturing Co approved a decision to sell its entire stake in Medco Plast for Packing and Packaging Systems.  The company plans to sell 772,200 shares, representing 15.6% of Medco …
The revenues reached EGP 474.08 million in three months
25 May 2021 01:03 PM Middle East Glass Manufacturing's profit hikes 122.5% in Q1-21
Cairo – Mubasher: Middle East Glass Manufacturing Co reported consolidated net profits of EGP 69.15 million in the first quarter (Q1) of 2021, up by 122.5% year-on-year (YoY) from EGP 31.07 million, including minority shareholders’ rights. The …
The sales fell to EGP 1.6 billion last year
7 April 2021 03:50 PM Middle East Glass reports 41% lower profit in 2020
Cairo – Mubasher: Middle East Glass Manufacturing Co recorded consolidated net profits of EGP 93.07 million in 2020, down by 40.9% year-on-year (YoY) from EGP 157.55 million, including minority shareholders’ rights.   The sales fell to EGP 1.6 …
The company generated EGP 1.18 billion in sales
22 November 2020 11:49 AM Middle East Glass sees profit decline 92.5% in 9M
Cairo – Mubasher: The consolidated net profits of Middle East Glass Manufacturing Co plunged by 92.5% year-on-year (YoY) to EGP 12.9 million in the first nine months of 2020 from EGP 173.76 million, including minority shareholders’ rights. The …
Sales declined to EGP 719.2 million in the January-June period
18 August 2020 03:56 PM Middle East Glass reports 85% profit plunge in H1-20
Cairo – Mubasher: Middle East Glass Manufacturing Co reported an 85% year-on-year (YoY) decrease in its net profits, logging EGP 19.08 million during the first half (H1) of 2020, compared to EGP 127.9 million, including minority shareholders’ …
The company’s sales retreated to EGP 422.4 million
18 June 2020 11:57 AM Middle East Glass posts 68% profit drop in Q1-20
Cairo – Mubasher: The consolidated financial statements of Middle East Glass Manufacturing Co showed net profits of EGP 31.07 million in the first quarter of 2020, down by 68.4% year-on-year (YoY) from EGP 98.53 million, including minority …
The decision was ascribed to the economic disruption caused by coronavirus
31 May 2020 01:33 PM Middle East Glass' shareholders cancel plan for capital raise
Cairo – Mubasher: The extraordinary general meeting (EGM) of Middle East Glass Manufacturing Co. decided to retract its decision to raise its issued capital to EGP 83.12 million. The decision was ascribed to the economic disruption caused by …
The company generated EGP 1.71 billion in sales
3 May 2020 01:44 PM Middle East Glass reports EGP 157.5m profit in 2019
Cairo – Mubasher: The consolidated financial statements of Middle East Glass Manufacturing Co. showed a 37% year-on-year (YoY) profit decrease during 2019. The company’s net profits plunged to EGP 157.55 million last year from EGP 250.17 million …
The company's plan was to raise capital by EGP 32.8 million
27 April 2020 00:29 PM Middle East Glass’ board cancels capital raise plan on coronavirus
Cairo – Mubasher: The board of directors of Middle East Glass Manufacturing Co. decided to cancel its plan to raise its issued capital to EGP 83.12 million due to the repercussions of the coronavirus (COVID-19) outbreak. The decision will be …
Net profits skyrocketed to EGP 173.76 million
1 December 2019 11:29 AM Middle East Glass reports 585% consolidated profit hike in 9M
Cairo – Mubasher: Middle East Glass Manufacturing Co. posted a 585.4% year-on-year leap in its net profits during the first nine months of 2019, the company’s consolidated financial statements showed.  Net profits skyrocketed to EGP 173.76 million …
Sales increased to EGP 543.18 million
17 November 2019 05:56 PM Middle East Glass’ 9M standalone profit posts 17-fold jump
Cairo – Mubasher: The standalone financial statement of the Middle East Glass Manufacturing Co. showed a 1,724.7% year-on-year surge in its net profits during the first nine months of 2019. Net profits hiked to EGP 39.78 million in the …
A total of 32.8 million shares will be issued
11 November 2019 01:55 PM Middle East Glass’ shareholders approve EGP 32.8m capital raise
Cairo – Mubasher: The extraordinary general meeting of the Middle East Glass Manufacturing Co. approved increasing the company’s issued capital by EGP 32.8 million to EGP 83.12 million from EGP 50.32 million.   A total of 32.8 million shares will …
The firm's issued capital will be raised by EGP 32.8 million
22 September 2019 05:09 PM Egypt’s FRA nods to Middle East Glass’ capital hike procedures
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved to publish the disclosure form of the Middle East Glass Manufacturing Co to proceed in increasing its issued capital to EGP 83.12 million from EGP 50.32 million.   The …
An amount of $67 million will be used for the refinancing of loans
28 August 2019 11:46 AM Middle East Glass asks for $100m loan from IFC
Cairo – Mubasher: Middle East Glass Manufacturing Co. is in talks with the International Finance Corporation (IFC) to obtain a loan worth $100 million. Such loan will be used to finance the glass manufacturer’s loans and capital expenditures …
Net profits skyrocketed to EGP 98.53 million
31 July 2019 01:30 PM Middle East Glass posts 475.5% profit hike in Q1
Cairo – Mubasher: Middle East Glass Manufacturing Company registered a 475.5% year-on-year profit surge during the first quarter of 2019, the company’s consolidated financial statements showed. Net profits skyrocketed to EGP 98.53 million in the …
Trading will be halted until the companies disclose their financial results
7 July 2019 02:22 PM EGX continues trading suspension on three stocks
Cairo – Mubahser: The Egyptian Exchange (EGX) announced that it will continue to halt trading on the stocks of Golden Pyramids Plaza, Middle East Glass Manufacturing Company (MEG), and Glaxo SmithKline (GSK Egypt) as the three companies have not …
Profits amounted to EGP 250.171 million
18 June 2019 03:40 PM Middle East Glass posts 294% profit hike in 2018
Cairo – Mubasher: Middle East Glass Manufacturing Company (MEG) reported a 294.3% year-on-year increase in its consolidated profits in 2018. The glass manufacturer’s profits amounted to EGP 250.171 million last year, compared to EGP 63.447 million …
This deal aims at funding MEG’s capital, providing new jobs, and improving the industrial sector in Egypt
2 April 2019 11:35 AM Egypt’s glass maker MEG to obtain $100m financing from IFC
Cairo – Mubasher: International Finance Corporation (IFC), a member of the World Bank Group, has signed a $100 million coordination protocol with Egypt-based Middle East Glass Manufacturing Co (MEG). This deal aims at funding MEG’s capital, …
Net profits amounted to EGP 17.1 million in Q1-18
6 June 2018 00:39 PM Middle East Glass Q1 profit hikes 97%
Cairo – Mubasher: Middle East Glass Manufacturing Company’s (MEGM) consolidated financial results showed a hike of 96.7% year-on-year in profits for the first quarter of 2018. Net profits amounted to EGP 17.1 million in Q1-18, compared to GEP 8.7 …
The company suffered losses worth EGP 645.8 million in fiscal year 2016
4 June 2017 00:36 PM Middle East Glass EGM OKs business continuity
Cairo – Mubasher: Middle East Glass Manufacturing Company said Sunday that its extraordinary general meeting (EGM) has approved the continuation of the company’s activities. On another note, the ordinary general meeting (OGM) has adopted the …
Photo Credit: Arabianeye-Reuters
16 May 2017 00:47 PM Middle East Glass turns to losses in 2016
Cairo - Mubasher: Middle East Glass Manufacturing Company (MEGM) reported losses of EGP 645.8 million in 2016 against profits of EGP 25.4 million in the year before, as shown by the company’s consolidated financial results. Independent financial …