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02 August 02:23 AM

Stocks News

The capital raise will be carried out through a 0.33-for-one bonus issue
1 August 04:51 PM EGX approves listing CIB's capital raise shares
Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved a request by the Commercial International Bank-Egypt (CIB) to list its capital raise shares.  The issued and paid-up capital will be raised by EGP 4.925 billion to EGP …
Banking and Finance
Zain will invest $10 million in the newly entity between Swvl and Queen's Gambit
1 August 04:19 PM Kuwait's Zain Ventures invests in Pipe, Swvl to support their regional, global growth
Mubasher: Kuwait's Mobile Telecommunications Company (Zain) has launched Zain Ventures to explore future investment opportunities in the venture capital, financial technology (fintech), and the technology world, with a focus on digital innovations …
Companies Investments
Pharos Securities acted as a broker in the transaction.
1 August 03:28 PM Al Ahly Capital trims stake in AMOC
Cairo - Mubasher: Al Ahly Capital Holding Co reduced its stake in Alexandria Mineral Oils Company (AMOC) to 20.64% from 21.34%.  The company sold 9.12 million shares for EGP 32.49 million, averaging EGP 3.56 per share, according to a statement to …
Insider Trading & Treasury Stocks
The revenues declined to EGP 500.89 million in the year ended 30 June
1 August 01:09 PM East Delta Flour Mills logs EGP 130m profit in FY20/21
Cairo - Mubasher: East Delta Flour Mills recorded net profits of EGP 129.73 million in fiscal year (FY) 2020/2021, up by 7% year-on-year (YoY) from EGP 121.26 million, the unaudited financial results showed.  The revenues declined to EGP 500.89 …
Financial Results
The transaction involved the trading of 70.32 million shares
1 August 12:26 PM Pioneers Holding sees EGP 352m block-trading deal
Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of a block-trading deal on the shares of Pioneers Holding Company for Financial Investment. The transaction involved the trading of 70.32 million shares for a total value of …
Insider Trading & Treasury Stocks
The capital will be raised by EGP 25.62 million to EGP 98.82 million
1 August 12:09 PM Nasr Company for Civil Works gets FRA's approval for capital raise
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Nasr Company for Civil Works to increase the issued and paid-up capital to EGP 98.82 million from EGP 73.2 million.  The …
Corporate Actions
Swvl will be the first $1.5 billion unicorn in the Middle East to list on Nasdaq
1 August 10:56 AM Kuwait's Zain to invest $10m in Swvl, Queen's Gambit merged entity
Mubasher: Kuwait's Mobile Telecommunications Company (Zain) will invest in the newly-formed business combination between the Dubai-based ridesharing app Swvl and Nasdaq-listed Queen's Gambit Growth Capital, the first special purpose acquisition …
Companies Investments
The capital raise is divided over 492.560 million bonus shares
29 July 05:54 PM CIB submits request to list EGP 4.9bn capital raise shares
Cairo - Mubasher: The Commercial International Bank-Egypt (CIB) has submitted a request to list its capital raise shares on the Egyptian Exchange (EGX). The request includes raising the issued and paid-up capital by EGP 4.925 billion to EGP …
Banking and Finance
Sales increased to EGP 396.1 million in H1-21
29 July 03:39 PM EFIC’s profits surge 248% in H1-21
Cairo – Mubasher: Egyptian Financial and Industrial Company (EFIC)  achieved a jump of 248% in its standalone net profits to EGP 37.39 million in the first half (H1) of 2021 from EGP 10.7 million in H1-20. Sales increased to EGP 396.1 million in …
Financial Results
The market cap of the shares owned by Arzan VC 2 has reached $11.226 million
29 July 03:24 PM Kuwait's Arzan VC 2 invests $1.076m in Swvl's shares
Mubasher: Arzan Capital Holding Limited announced that Arzan VC 2 has invested $1.076 million in the shares of the ridesharing app Swvl, which has entered into a definitive agreement for a business combination with Queen's Gambit Growth Capital.  …
Companies Investments
The revenues increased to EGP 537 million in the year ended 30 June
29 July 01:53 PM Arab Drug logs EGP 102m profit in FY20/21
Cairo - Mubasher: Arab Drug Company achieved net profits of EGP 102 million in fiscal year (FY) 2020/2021, up by 9.9% year-on-year (YoY) from EGP 92.8 million, the unaudited financial results showed.  The revenues increased to EGP 537 million in …
Financial Results
Kima exported 130,000 tones of agricultural urea fertilisers
29 July 01:22 PM Kima exports fertilisers worth $40 million in four months
Cairo - Mubasher: The Egyptian Chemical Industries (Kima) has entered new markets to export fertilisers amid the current global competition.  Kima exported 130,000 tones of agricultural urea fertilisers with a value of $40 million during the …
Financial Results
The company generated EGP 480.5 million in revenue
29 July 01:00 PM Misr Chemical Industries reports 108% higher profit in FY20/21
Cairo - Mubasher: Misr Chemical Industries reported a 108% year-on-year (YoY) leap in its net profits to EGP 132.5 million in fiscal year (FY) 2020/2021, compared to EGP 63.7 million, the unaudited financial results showed.  The company generated …
Financial Results
The transaction involved the purchase of 20.83 million shares
29 July 12:31 PM Equinox Pharma ups stake in Rameda for EGP 58.5m
Cairo - Mubasher: Equinox Pharma Holding Limited raised its stake in Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) to 15.39% from 12.68%. The transaction involved the purchase of 20.83 million shares for …
Insider Trading & Treasury Stocks
The revenues declined to $28.77 million during the February-April period
29 July 12:12 PM Arafa's loss widens 6,775% in three months
Cairo - Mubasher: Arafa for Investment and Consultancies reported a 6,775% year-on-year (YoY) surge in its consolidated net losses to $9.9 million in the February-April period, compared to $144,009.  The revenues declined to $28.77 million during …
Financial Results
The sales amounted to EGP 7.83 million in June
29 July 11:07 AM Iron and Steel for Mines and Quarries records EGP 23m sales in three months
Cairo - Mubasher: Iron and Steel for Mines and Quarries achieved EGP 23.33 million in sales during the April-June period. The sales amounted to EGP 7.83 million in June, EGP 5.42 million in May, and EGP 10 million in April, the company said in a …
Financial Results
The revenues declined to EGP 1.136 billion in the six-month period
28 July 05:54 PM Delta Sugar's profit jumps 559% in H1-21
Cairo - Mubasher: Delta Sugar recorded a 559% year-on-year (YoY) surge in its net profits to EGP 343.89 million in the first half (H1) of 2021, compared to EGP 52.13 million, the unaudited financial results showed.  The company ascribed the profit …
Financial Results
The company will spin off its consumer healthcare business
28 July 05:40 PM GSK Egypt hires Grant Thornton to assess consumer healthcare assets
Cairo - Mubasher: The board of directors of GlaxoSmithKline (GSK Egypt) decided to hire Grant Thornton Egypt as an independent financial advisor to assess the fair value (FV) of its intangible and movable consumer healthcare assets, excluding …
Corporate Actions
The transaction involved the trading of 5.21 million shares
28 July 05:24 PM RIMCO ups stake in EFG Hermes for EGP 60m
Cairo - Mubasher: RIMCO EGT Investment LLC has raised its stake in the Egyptian Financial Group Hermes Holding (EFG Hermes) to 10.54% from 9.97%. The transaction involved the trading of 5.21 million shares for EGP 60.13 million, averaging EGP …
Insider Trading & Treasury Stocks
The deal involved the trading of 10.221 million shares
28 July 01:52 PM Raya Holding sees EGP 30m deal on Wednesday
Cairo - Mubasher: Raya Holding for Financial Investments witnessed a new transaction worth EGP 30.255 million on its shares on the Egyptian Exchange (EGX). The deal involved the trading of 10.221 million shares under the employee stock ownership …
Insider Trading & Treasury Stocks
The revenues declined to EGP 141.97 million in the year ended 30 June
28 July 11:17 AM South Cairo Mills reports 58% higher loss in FY20/21
Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries reported net losses of EGP 54.21 million in fiscal year (FY) 2020/2021, up by 57.77% year-on-year (YoY) from EGP 34.36 million.  The revenues declined to EGP 141.97 million in the …
Financial Results
The revenues slid to EGP 2.37 billion in the year ended 30 June
28 July 10:57 AM Alexandria Container's profit down 6% in FY20/21
Cairo - Mubasher: Alexandria Container and Cargo Handling Co recorded a 6% year-on-year (YoY) decline in its net profits to EGP 1.40 billion in fiscal year (FY) 2020/2021, compared to EGP 1.49 billion, the unaudited financial results showed.  The …
Financial Results
A new company focused on consumer health products will be established
27 July 01:08 PM GSK Egypt to spin off consumer healthcare business
Cairo - Mubasher: GlaxoSmithKline (GSK Egypt) announced that GlaxoSmithKline plc, listed on the London Stock Exchange LSE), will separate its pharmaceuticals and vaccines business from its consumer healthcare business globally and establish two …
Corporate Actions
Empain Tourism Investments Company's FV has been estimated at EGP 76 a share
27 July 12:26 PM Remco approves FV study for Empain's stock
Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction approved the fair value (FV) study prepared by Alpha Capital Financial Advisory for Financial Securities for the stock of Empain Tourism Investments Company. Remco …
Mergers and Acquisitions
The issuance includes two tranches with tenors of 13 and 36 months
27 July 12:01 PM SODIC closes first securitisation bond issuance worth EGP 343m
Cairo - Mubasher: Six of October Development and Investment (SODIC) announced that its wholly-owned subsidiary SODIC for Securitization closed its first securitisation bond issuance of EGP 343 million backed by a receivables portfolio worth EGP …
Bonds