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14 December 07:33 PM

Financial Results

Warba Capital posted losses of KWD 64,880
12 December 03:55 PM Warba Capital’s losses shrink 51% in Q1-19/20
Mubasher: Warba Capital Holding trimmed its losses by 50.9% in its first financial quarter ended 31 October 2019, compared with last year, the company said in a Boursa Kuwait filing. Warba Capital posted losses of KWD 64,880 ($214,150) in the …
Boubyan profit came in at KWD 1.122 million
12 December 03:35 PM Boubyan Petrochemical’s profit jumps by 47.3% in Q2-19/20
Mubasher: Boubyan Petrochemical Company’s net profit climbed by 47.3% year-on-year in its second quarter ended 31 October 2019, the company’s bourse disclosure showed on Thursday. Boubyan profit came in at KWD 1.122 million ($3.7 million) in the …
Financial Results
Net losses amounted to SAR 39.88 million
12 December 11:19 AM Al Yamamah widens losses by 85%
Riyadh – Mubasher: Al Yamamah Steel Industries Company reported an increase in losses by 85.2% during the fiscal year (FY) that ended on 30 September 2019. Net losses after Zakat and tax amounted to SAR 39.88 million, compared with SAR 21.53 …
Saudi Stock Exchange
11 December 02:07 PM Tadawul suspends trading of Thimar
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that trading the share of the National Agricultural Marketing Company (Thimar) will once again be suspended. This is due to the company not disclosing its financial statements for the …
Markets Regulations
NBE’s SME loan portfolio reached EGP 65 billion at the end of November
9 December 11:40 AM NBE expected to generate EGP 9bn profit in H2-19/20
By: Islam Fadl Cairo – Mubasher: The National Bank of Egypt (CBE) is projected to achieve profits of EGP 9 billion during the second half of fiscal year 2018/2019, NBE’s vice chairman Yehia Aboul Fotouh told Mubasher. During the first half of …
Financial Results
Net profits reached SAR 16.25 million in August-October
9 December 11:19 AM Ataa Educational profits down 5%
Riyadh – Mubasher: Ataa Educational Company reported a 5% year-on-year (YoY) decline in profits during the three-month period ending 31 October 2019. Net profits after Zakat and tax amounted to SAR 16.25 million between August and October 2019, …
Financial Results
The company suffered net losses of EGP 6.7 million
8 December 02:20 PM ASCOM’s consolidated losses shrink 78% in 9M
Cairo – Mubasher: Asec Company for Mining (ASCOM) reported a 78% year-on-year drop in its net losses during the first nine months of 2019 on the back of rising revenue, the company's consolidated financial statements showed.  The company suffered …
Financial Results
Sales retreated to EGP 253.4 million
8 December 11:52 AM Hadisolb’s losses widen 106% in Q1-19/20 unaudited financials
Cairo – Mubasher: The unaudited financial results of the Egyptian Iron and Steel  (Hadisolb) showed a 106% year-on-year increase in its net losses during the first quarter of fiscal year 2019/2020. Net losses widened to EGP 367.8 million during …
Financial Results
Net profits plunged to EGP 31.14 million
4 December 03:04 PM Rameda’s consolidated profit dips 59% in 9M
Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) reported a of 59% year-on-year decline in consolidated net profits during the first nine months of 2019. Net profits plunged to EGP 31.14 million in …
Financial Results
Net profit went up to EGP 49.45m in 3M
4 December 12:53 PM Mohandes Insurance registers 25% YoY hike in consolidated profit Q1-19/20
Cairo – Mubasher: The consolidated financial results of Mohandes Insurance showed a 24.97% year-on-year profit increase during the first quarter of the fiscal year 2019/2020. The insurer’s net profit went up to EGP 49.45 million from July to …
Financial Results
Net profit after Zakat and tax amounted to SAR 11.215 million
3 December 12:37 PM National Building profits up 47% in Q3
Riyadh – Mubasher: National Building and Marketing Company reported a 46.5% year-on-year (YoY) increase in profits for the third quarter (Q3) of the year, as shown by the company’s interim financial results for the nine-month period ending on 30 …
Financial Results
Net interest income increased by 33% to EGP 6 billion
3 December 11:08 AM Banque du Caire logs EGP 3bn profit in 9M
Cairo – Mubasher: Banque du Caire reported a 66% year-on-year profit surge during the first nine months of 2019. The lender’s net profits after taxes amounted to EGP 3 billion in the January-September period, compared to EGP 1.7 billion in the …
Financial Results
Aramco could be listed on the MSCI index as soon as 17 December
2 December 03:27 PM Tadawul awaits new inflows after Aramco IPO
By: Bedour Alraee Riyadh – Mubasher: A number of market experts are expecting relatively low liquidity in the Saudi Stock Exchange (Tadawul) until the conclusion of the Saudi Aramco initial public offering (IPO). We see traded values maintaining …
Financial Results
Sales plunged to EGP 4.91 billion
2 December 11:25 AM Suez Cement incurs EGP 495m consolidated losses in 9M
Cairo – Mubasher: The consolidated financial statements of Suez Cement showed a turn to losses during the first nine months of 2019. The cement producer suffered net losses of EGP 495.51 million in the January-September period, against net profits …
Financial Results
Profits recorded SAR 2.46 million during the third quarter of 2019
2 December 10:41 AM Development Works Food Q3 profits up 6.7%
Riyadh – Mubasher: The financial statements of Development Works Food (DWF) Company showed a 6.67% increase in profits during the third quarter (Q3) of the year to SAR 2.46 million, compared with SAR 2.3 million in Q3-18. The company attributed …
Financial Results
Gross profits from real estate operations amounted to EGP 414.85 million
1 December 01:14 PM Remco turns profitable in 9M consolidated financials
Cairo – Mubasher: Remco for Tourism Villages Construction announced turning profitable during the first nine months of 2019, the company’s consolidated financial statements showed. The company logged a net profit of EGP 7.27 million in the …
Financial Results
The company suffered net losses of EGP 92.4 million
1 December 12:15 PM Orascom Investment swings to losses in 9M
Cairo – Mubasher: Orascom Investment Holding (OIH) announced turning to losses during the first nine months of 2019, according to the company’s consolidated financial statements. The company suffered net losses of EGP 92.4 million in the …
Financial Results
Alujain holds 57.4% of the shares of NATPET
1 December 12:00 PM Alujain turns to losses in Q3
Riyadh – Mubasher: Alujain Corporation has turned to losses in the third quarter (Q3) of the year, registering a net loss after Zakat and tax of SAR 108.46 million, versus net profits of SAR 27.59 million in the same quarter of 2018. This was …
Financial Results
Net profits skyrocketed to EGP 173.76 million
1 December 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 …
Financial Results
Sales rose to EGP 1.139 billion
1 December 11:11 AM Dice’s consolidated profit grows to EGP 125m in 9M
Cairo – Mubasher: The consolidated financial statements of Dice Sport and Casual Wear reported an 11.8% year-on-year profit growth during the first nine months of 2019. Net profits increased to EGP 125.29 million during the January-September …
Financial Results
Sales for the period shrank by 12.24%
28 November 05:44 PM GO losses deepen to SAR 53m in FY18/19 amid lower sales
Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) suffered a year-on-year (YoY) increase of 32.364% in losses during the fiscal year ended on 31 March 2019. Losses of GO deepened to SAR 53.29 million in FY ended in March this year …
Accumulated losses amounted to SAR 77.84 million
28 November 05:26 PM Alhokair Tourism to offset SAR 71.7m accumulated losses
Riyadh – Mubasher: The board of Abdulmohsen Alhokair Group for Tourism and Development company has approved utilizing the company’s SAR 71.7 million statutory reserves to offset accumulated losses. The company’s accumulated losses amounted to SAR …
Sales dropped to EGP 115.1m in 9M
28 November 02:55 PM Development and Engineering Consultants reports EGP 14.3m consolidated profit
Cairo – Mubasher: Development and Engineering Consultants Co’s (DAPH) net profit dropped by 79% year-on-year during the first nine months of 2019, the company’s consolidated financial statements showed. The company’s net profit plunged to EGP 14.3 …
Financial Results
Revenue rose to EGP 214.6m in 9M
28 November 01:09 PM Egytrans’ consolidate profit levels down 15% YoY in 9M/19
Cairo – Mubasher: Egyptian Transport and Commercial Services Company’s (Egytrans) profit declined by 15% year-on-year during the first nine months of 2019, the company’s consolidated financial statements showed. Profit went down to EGP 29.8 …
Financial Results
Net profit fell to EGP 73.9 million
28 November 12:42 PM Minapharm’s consolidated profit drops 37% in 9M
Cairo – Mubasher: Minapharm Pharmaceuticals saw its profit dropping by 37% year-on-year in the first nine months of 2019, the drugmaker’s consolidated financial results showed on Thursday. Net profit fell to EGP 73.9 million ($4.59 million) in the …
Financial Results