General Assembly

Cairo – Mubasher: The extraordinary general meeting (EGM) of Edita Food Industries has approved a capital cut to EGP 140 million from EGP 144.61 million. The EGX-listed firm will cancel 23.04 million treasure shares at a par value of EGP 0.20, …

Cairo – Mubasher: The shareholders of Alexandria Spinning and Weaving Company (Spinalex) approved cash dividends amounting to EGP 16.03 million for fiscal year (FY) 2022/2023. Spinalex will disburse a dividend of EGP 0.05 per share on 14 December …

Riyadh – Mubasher: Obeikan Glass Company announced the shareholders’ approval to increase its capital by SAR 80 million to SAR 320 million from SAR 240 million. The new capital will be distributed over 32 million shares, instead of 24 million …

Cairo – Mubasher: The ordinary general meeting (OGM) of Acrow Misr for Scaffolding and Formwork approved cash dividends standing at EGP 199.84 million. The dividends amount will be distributed from the company’s 2022 income statements, according …

Riyadh – Mubasher: Saudi Arabian Mining Company (Ma’aden) recently appointed Yasir bin Othman Al Rumayyan as its new Chairman for a three-year term effective 25 October 2023. Ma’aden also announced Khalid bin Saleh Al Mudaifer as the Vice Chairman …

Riyadh – Mubasher: The equityholders of Sure Global Company gave the green light to increase the capital by 50% to reach SAR 76.94 million through bonus shares. The company held its extraordinary general meeting (EGM) on 13 November 2023, during …

Cairo – Mubasher: Edita Food Industries posted consolidated net profits after tax valued at EGP 1.26 billion in the first nine months (9M) of 2023, up year-on-year (YoY) from EGP 673.77 million. Revenues enlarged to EGP 8.75 billion in 9M-23 from …