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Companies Investments

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1 hour ago Cleopatra Hospitals Group’s board approves capital cut via treasury share cancellation
Cairo – Mubasher: The board of directors of Cleopatra Hospitals Group (CHG) approved the disclosure report to cut the company’s issued capital to EGP 722.71 million shares (1.44 billion shares), from EGP 800 million (1.60 billion shares). The EGP …
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2 hours ago Sinai Cement sees over EGP 139m block trading deal
Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block trading deal worth EGP 139.55 million on the shares of Sinai Cement. The transaction was executed on 21.50 million of the company's shares, according to a stock exchange filing on …
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3 hours ago Shareholder ups stake in Speed Medical for EGP 3.5m
Cairo – Mubasher: Shareholder Sadek Ahmed Sadek ElSewedy has increased his stake in Speed Medical Company (SPMD) to 5.20% from 4.49% for a total value of EGP 3.50 million. The shareholder purchased 7.85 million shares at an average share price of …
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3 hours ago Shareholder buys over 265K shares in Arab for Development
Cairo – Mubasher: Shareholder Omar Abdel Aziz Attia Baraka has increased his ownership in Arab for Development and Real Estate Investment (ADRI) to 10.09% from 9.64% for a value totalling EGP 408,437. The shareholder bought 265,188 shares in Arab …
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3 hours ago Urbnlanes plans to raise investments in Egypt to EGP 24bn
Cairo – Mubasher: Urbnlanes Development, a subsidiary of Emeel Abdalla Investments, plans to increase its investments in Egypt to EGP 24 billion during 2023. So far, Urbnlanes’ investments in Egypt amount to EGP 11 billion distributed on 3 …
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5 hours ago Morni invests $10m in Egypt to acquire mobility startups
Cairo – Mubasher: Saudi Arabia-based mobility solutions platform Morni is planning to invest $10 million to target new acquisitions in Egypt in the mobility space through Exists.me, an acquisition and mergers (M&A) advisory firm.  The new buy-side …
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6 December 05:33 PM Fintactics launches new ventures, enters partnerships during Saudi Arabia’s World Fintech Show
Riyadh – Mubasher: The World Fintech Show has witnessed the launch of new ventures Holoul and Leza'am by Fintactics, which also signed partnership agreements with Aion Digital and Bitfy Holdings. The event, which kicked off on 5 December in …
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6 December 04:36 PM Seedstars to develop VC managers in emerging markets
Mubasher: Switzerland-based Seedstars has launched its investment arm Seedstars Capital for emerging venture capital (VC) fund managers across the Middle East and other emerging markets with the support of xMultiplied, a Swiss-based investment …
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6 December 04:16 PM Saudi TDF inks financing deal for development project in Asir
Riyadh - Mubasher: Saudi Tourism Development Fund (TDF) has inked a financing agreement with Nama Alamal to develop a five-star hotel managed by IHG Group. To be established under the Intercontinental brand, the scheme includes 163 hotel units …
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6 December 03:29 PM OneOrder raises $3m seed round; total investment tops $10m
Cairo – Mubasher: Egypt-based B2B marketplace connecting restaurants to suppliers, OneOrder, announced closing a $3 million seed round led by Nclude as well as returning investor A15. This brings the company’s total investment to $10.50 million. …
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6 December 03:10 PM Al Ahly Capital plans to exit 3 EGX-listed firms
Cairo – Mubasher: Karim Saada, CEO and Managing Director of Al Ahly Capital Holding Company, stated that the firm intends to sell its entire shares in three companies listed on the Egyptian Exchange (EGX). Saada noted that Al Ahly Capital, the …
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6 December 02:45 PM ESIIC receives int'l offers to build ethanol factory with EGP 1.5bn investments
Cairo – Mubasher: Chairman of the Egyptian Sugar and Integrated Industries Company (ESIIC), Essam El-Bedeiwy, said his company received three international offers to establish an ethanol or absolute alcohol (99.99%) extraction factory from …
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6 December 02:03 PM ESIIC to build 3 factories with EGP 480m investments
Cairo – Mubasher: The Egyptian Sugar and Integrated Industries Company (ESIIC) plans to establish 3 fertiliser production factories with up to EGP 480 million investments, the Middle East News Agency (MENA) reported on Tuesday. The statement was …
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6 December 12:22 PM EG Bank’s board approves FY23 estimated budget
Cairo – Mubasher: The board of directors of Egyptian Gulf Bank (EG Bank) has approved the bank's estimated budget for fiscal year (FY) 2023 during a meeting on Monday, 5 December. The bank’s profits are expected to grow by more than 15% on an …
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6 December 11:59 AM Shareholder exits from Speed Medical for over EGP 28m
Cairo – Mubasher: Shareholder Sherif Alaa Ahmed El-Zayat has sold his entire 6.01% stake in Speed Medical Company (SPMD) for a total value of EGP 28.86 million. El-Zayat sold 66.65 million shares at an average price of EGP 0.43 per share, …
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6 December 10:44 AM The Land Developers targets EGP 500m investment in Red Sea project
By: Abdullah Bedair Cairo - Mubasher: The Land Developers (TLD) plans to invest EGP 500 million in a residential project in Red Sea Governorate’s Sahl Hasheesh. The project spans 10.70 feddans (45,000 square metres) and includes 85 villas and 60 …
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6 December 10:11 AM Banque Misr, CIB provide EGP 6.35bn financing to Benya
Cairo – Mubasher: Banque Misr and Commercial International Bank (CIB) have arranged and granted joint financing worth EGP 6.35 billion to Benya Group. The funding will be used in financing projects awarded to Benya covering the technological …
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5 December 04:32 PM Alinma Investment reduces stake in El-Ebour for Real Estate
Cairo - Mubasher: Alinma Investment Co has cut its stake in El-Ebour Co. for Real Estate Investment to 9.30% from 10.27% for a total value of EGP 1.59 million. Alinma has sold 169,599 shares in El-Ebour Real Estate at a share price averaging EGP …
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5 December 03:54 PM Schneider Electric to distribute products online via DATCO’s digital platform
Cairo - Mubasher: Global leader in the digitalisation of industrial automation and energy management, Schneider Electric, has signed a partnership contract with the Industrial Services Center (DATCO) to distribute its products. The new partnership …
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5 December 03:03 PM Chefaa partners with MoEngage to enhance retention metrics
Cairo – Mubasher: Cairo-based GPS-enabled pharmacy benefits platform Chefaa has partnered with MoEngage to drive engagement and enhance retention metrics. The leading healthcare and pharmaceutical service brand helps chronic patients order, …
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5 December 02:23 PM Alsaif Gallery unveils final price for IPO on Tadawul
Riyadh – Mubasher: Al Saif Stores for Development and Investment Company (Alsaif Gallery) set the final price for its initial public offering (IPO) at SAR 115 per share to trade on the Main Market of the Saudi Exchange (Tadawul). Saudi Fransi …
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5 December 02:03 PM ADVA, One Finance team up to offer consumer financing services
Cairo - Mubasher: Integrated consumer financing platform, One Finance, and first online service installment platform, ADVA, signed a partnership agreement to facilitate installment of a wide portfolio of services provided by ADVA. The services …
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5 December 01:25 PM Shareholder ups stake in Lecico Egypt
Cairo – Mubasher: Shareholder Ali Mahmoud Abdel-latif Mahgoub increased his ownership in Lecico Egypt to 5.01% from 3.85% at a total value of EGP 8.81 million. The shareholder purchased 922,700 shares at an average share price of EGP 9.55, …
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5 December 11:31 AM FRA approves capital increase for Integrated Engineering Group
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has agreed to publish the disclosure on the decisions of the Integrated Engineering Group’s board of directors regarding the capital increase, according to a stock exchange statement …
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4 December 05:46 PM solutions pens SAR 373m deals with stc
Riyadh – Mubasher: Arabian Internet and Telecommunication Services Company (solutions) and Saudi Telecom Company (stc) inked contracts at a combined value of SAR 372.92 million on 1 December 2022. Under the 36-month agreements, solutions will …