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22 May 12:05 PM

Oriental Weavers (ORWE)

Last update: 21 May 01:29 PM market time.
21.67
0.08
0.37%
Open 21.62
Previous Close 21.62
High 22.00
Low 21.65
Stock Statistics
Volume 1,371,735
Turnover 29,911,472.00
All data are 15 minutes late during market session

News

The company’s board proposed a cash dividend distribution of EGP 1.5 per share
23 February 2020 00:43 PM Oriental Weavers Carpet’s profit jumps 55% in 2019; dividends proposed
Cairo – Mubasher: The consolidated financial statements of Oriental Weavers Carpet showed a 55.4% year-on-year profit surge during 2019. Net profits leapt to EGP 855 million last year from EGP 550.23 million in 2018, including minority …
Financial Results
The exports subsidies will be paid over equal payments for five years
11 February 2020 03:19 PM Oriental Weavers’ 2 units sign deal to settle export subsidy payments
Cairo – Mubasher: Oriental Weavers Carpet announced that its two subsidiaries Mac Carpet and New Mac signed an agreement with the Egyptian Ministry of Finance and Ministry of Trade and Industry to settle the backlog of export incentives valued at …
Companies Investments
The export subsidies will be disbursed over five years
2 December 2019 00:51 PM Egypt inks deals to settle export subsidy arrears with 9 companies
Cairo – Mubasher: The Egyptian finance minister Mohamed Maait and the minister of trade and industry Amr Nassar have signed settlement agreements with nine companies to settle overdue export subsidies. The export subsidies will be disbursed over …
Ministries
Oriental Weavers logged a net profit of EGP 597.36 million in nine months
2 December 2019 11:49 AM Oriental Weavers inks settlement deal on overdue export incentives
Cairo – Mubasher: Oriental Weavers Carpet and two of its subsidiaries signed an agreement with the Ministry of Finance and the Ministry of Trade and Industry to settle the backlog of export incentives valued at EGP 322 million, until last June. …
Companies Investments
The company reported a standalone net profit of EGP 499.7 million
11 November 2019 11:24 AM Oriental Weavers Carpet logs EGP 597m profit in 9M
Cairo – Mubasher: The consolidated financial statements of Oriental Weavers Carpet showed a 37% year-on-year profit surge during the first nine months of 2019. Net profits amounted to EGP 597.36 million in the January-September period, compared to …
Financial Results
The capital increase will be implemented through the issuance of 221.7 million shares
26 August 2019 00:07 PM Egypt’s FRA approves Oriental Weavers’ EGP 221.7m capital hike
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved Oriental Weavers Carpet’s proposal to raise its issued capital by EGP 221.7 million. Accordingly, the issued capital will be raised to EGP 666.1 million from EGP 443.4 …
Corporate Actions
Sales rose by 4.04% to EGP 5.236 billion
8 August 2019 01:13 PM Oriental Weavers reports EGP 462m profit in H1
Cairo – Mubasher: Oriental Weavers Carpet posted a 41.5% year-on-year profit hike during the first half of 2019. Net profits increased to EGP 461.83 million in the January-June period of 2019, compared to EGP 326.39 million in the prior-year …
Financial Results
Oriental Weavers achieved an increase of 3.81% in Q1 sales
13 May 2019 11:46 AM Oriental Weavers Q1 profits grow to EGP 220m
Cairo – Mubasher: The consolidated financial statements of Oriental Weavers Carpet reported an increase of 7.8% in profits during the first quarter of 2019 compared to the same period last year. Net profits surged to EGP 220.29 million in Q1-19 …
Financial Results
Oriental Weavers previously reported consolidated profits of EGP 550.23m in 2018
18 April 2019 01:30 PM Oriental Weavers approves bonus share distribution
Cairo – Mubasher: Oriental Weavers Carpet’s general assembly has approved distributing bonus shares to shareholders to increase the company’s capital. The general assembly agreed to raise capital via distributing bonus shares at 1-for-2 shares …
Companies Investments
The project’s cost will reach EGP 13 billion
10 April 2019 05:29 PM OUD plans to borrow EGP 6.5bn for industrial project
By: Abdullah Bedeir Cairo – Mubasher: Oriental Urban Development (OUD), a subsidiary of Oriental Weavers Group, has unveiled plans to secure EGP 6.5 billion ($370 million) loans from a group of banks to finance its project in Ain Sokhna industrial …
Banking and Finance
The OGM has also endorsed 2018 financial statements
3 April 2019 11:17 AM Oriental Weavers OGM nods to EGP1.5/shr dividends for FY18
Cairo – Mubasher: Oriental Weavers Carpet on Wednesday announced its ordinary general meeting (OGM) has approved a cash dividend of EGP 1.5 per share to shareholders for fiscal year 2018. The OGM has also endorsed 2018 financial statements, as …
Cash Dividends
Oriental Weavers plans to locally launch products for wholesalers in Q1-19.
5 March 2019 03:44 PM Research firm sets Oriental Weavers TP at EGP14.6/shr
Cairo – Mubasher: Pharos Research has set Oriental Weavers Carpets’ target price (TP) at EGP 14.6 per share, recommending ‘Overweigh’. The household durables company is expected to report higher margins for the first quarter of 2019 as …
Stock Evaluations
Oriental Weavers aims to add three carpet looms to the company in the first quarter of 2019
4 March 2019 00:22 PM Oriental Weavers eyes EUR 10m expansion in 2019
Cairo – Mubasher: Oriental Weavers Carpet is looking to expand its business with around EGP 199 million (EUR 10 million) in investments. The household durables firm aims to add three carpet looms to the company in the first quarter of 2019, in …
Companies Investments
Sales rose slightly to EGP 10.4 billion last year from EGP 10.23 billion in 2017
3 March 2019 02:47 PM Oriental Weavers profits slip 26% in 2018
Cairo – Mubasher: Oriental Weavers Carpet  on Sunday reported a 25.8% year-on-year decline in consolidated profits for fiscal year 2018. The company has achieved profits of EGP 550.23 million in the 12-month period ended 31 December 2018, versus …
Financial Results
The Egyptian Exchange (EGX) building in Cairo
16 January 2019 06:19 PM EGX may remove 8 stocks from benchmark – Beltone Research
Cairo – Mubasher: A group of eight companies are expected to be removed from the Egyptian Exchange's (EGX) benchmark EGX30 index for not meeting the trading value and cash outflows requirements, according to a report released on Wednesday by …
Market News
Net profit fell to EGP 436.4 million in the nine-month period ended September
1 November 2018 00:00 PM Oriental Weavers profit falls 27% in 9M
Cairo – Mubasher: Oriental Weavers Carpet on Thursday reported a 27% year-on-year drop in consolidated profits for the first nine months of 2018. Net profit fell to EGP 436.4 million in the nine-month period ended September, from EGP 598.7 million …
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
Net profit retreated to EGP 326.38 million in the six-month period ended June
15 August 2018 11:00 AM Oriental Weavers profit slips 31% in 6M
Cairo – Mubasher: Oriental Weavers Carpet on Wednesday reported a 31.3% year-on-year drop in consolidated profits for the first half of 2018. Net profit retreated to EGP 326.38 million in the six-month period ended June, from EGP 475.03 million in …
Financial Results
Oriental Weavers proposes capital hike via bonus shares
14 May 2018 04:30 PM Oriental Weavers proposes capital hike via bonus shares
Cairo – Mubasher: The board of Oriental Weavers Carpet has approved to increase issued capital to EGP 675 million from EGP 450 million by distributing a 1-for-2 basis bonus shares of reserves. The board also agreed on adjusting the Articles 6 and …
Corporate Actions
Sales slid to EGP 2.5 billion in the three-month period ended last March
14 May 2018 01:24 PM Oriental Weavers Q1 profit falls 21%
Cairo – Mubasher: Oriental Weavers Carpet on Monday reported a 21% year-on-year drop in consolidated profits for the first quarter of 2018, recording EGP 204.4 million from EGP 257.5 million. Sales slid to EGP 2.5 billion in the three-month period …
Financial Results
Oriental Weavers’ issued capital amounts to EGP 450 million
6 May 2018 11:26 AM Oriental Weavers EGM nods to capital increase
Cairo – Mubasher: The extraordinary general meeting (EGM) of Oriental Weavers Carpet has approved capital increase to EGP 1 billion from EGP 500 billion. The EGM has also agreed to adjust Article 6 of the company’s main system,  the household …
General Assembly
Oriental Weavers’ exports to Japan are projected to grow by 20%
5 April 2018 01:52 PM Oriental Weavers eyes EGP 10.8bn sales in FY18
Cairo – Mubasher: Oriental Weavers Carpet is targeting a 6% to 7% growth in total sales to EGP 10.8 billion in 2018, the company has said. The Egyptian household durables firm is looking to increase its exports by around 8% this year by offering …
Companies Investments
The OGM has also approved to distribute cash dividends of EGP 665.1m for 2017
29 March 2018 00:41 PM Oriental Weavers' OGM raises proposed dividends for 2017
Cairo –Mubasher: Oriental Weavers Carpet’s ordinary general meeting (OGM) has increased the proposed dividends to EGP 1.5 per share, instead of EGP 1.4. The OGM has also approved to distribute cash dividends of EGP 665.1 million for 2017 to …
Cash Dividends
Oriental Weavers seeks to acquire assets worth EGP 147.55 million
14 March 2018 02:50 PM Oriental Weavers to invest EGP 326m in 2018
Cairo – Mubasher: Oriental Weavers Carpet is expected to invest up to EUR 15 million (EGP 326.21 million) this year. The world's biggest machine-woven carpet producer also seeks to acquire assets worth EGP 147.55 million, Oriental Weavers added in …
Companies Investments
Pharos Research maintains FV for Oriental Weavers at EGP19.80/shr
5 March 2018 02:31 PM Pharos Research maintains FV for Oriental Weavers at EGP19.80/shr
Cairo - Mubasher: Pharos Research has maintained its fair value (FV) for Oriental Weavers Carpet at EGP 19.80 per share, with an Equalweight recommendation, according to a recent report. Oriental Weavers’ board of directors has proposed a dividend …
Stock Evaluations