Stocks News

Cairo – Mubasher: Oriental Weavers sold its 0.70% equity in the National Bank of Kuwait - Egypt (NBK Egypt), according to a bourse discourse. The EGX-listed firm indicated that this step aligns with its plans to focus on activities related to the …

Cairo – Mubasher: The shareholders of Abu Qir Fertilizers greenlighted a cash dividend of EGP 7 per share for fiscal year (FY) 2022/2023. The approved cash dividends will be distributed over three installments, according to a bourse filing. Abu …

Cairo – Mubasher: The board members of Misr Beni Suef Cement agreed to cut the issued capital by EGP 67.92 million to EGP 611.38 million from EGP 679.28 million, according to a bourse disclosure. The EGX-listed firm will proceed with capital …

Cairo – Mubasher: Edita Food Industries inked a finance agreement with the International Finance Corporation (IFC) to obtain a long-term loan at a total amount of $45 million. The facility deal holds a tenor of eight years, according to a bourse …

Cairo – Mubasher: The board of MM Group for Industry and International Trade, listed on the Egyptian Exchange (EGX), approved on 25 September to set up a company in Saudi Arabia. MM Group noted that establishing a firm in the Kingdom aims at …

Abu Dhabi – Mubasher: The UAE-based fuel and convenience retailer Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) has inaugurated three ADNOC service stations in Egypt that are fully equipped to operate around the clock and …

Dubai – Mubasher: The third edition of the International Investor Roadshow will kick off for the first time in Singapore on 27-28 September, organised by Dubai Financial Market (DFM) which brings the event in a first to the island city state. The …

Cairo – Mubasher: Saudi Egyptian Investment Company increased its stake in e-finance for Digital and Financial Investments to 25.01%, according to a bourse filing. The company acquired an equity amounting to nearly 0.01% in the EGX-listed firm’s …

Cairo – Mubasher: Dice Sport and Casual Wear received a preliminary offer from a consortium for a potential acquisition of up to 90% of the listed company’s issued share capital, according to a bourse disclosure. Toma for Commercial and Industrial …

Cairo – Mubasher: Pioneers Properties for Urban Development (PREDCO) and Aspire Capital Holding for Financial Investments intend to jointly establish a mortgage finance company, according to separate statements from the two companies. The two …

Abu Dhabi – Mubasher: Burjeel Holdings has awarded Oracle Health a contract valued at AED 125 million, according to a press release. The ADX-listed group will leverage Oracle Health’s Electronic Medical Record (EMR) solution, enabling the …

Cairo – Mubasher: Edita Food Industries signed two medium-term loan agreements for seven years at a combined value of EGP 390 million, according to a bourse filing. The first loan, which is an acquisition finance, stands at EGP190 million. The …

Abu Dhabi – Mubasher: Fertiglobe signed a non-binding memorandum of understanding (MoU) with AD Ports Group to explore logistics and supply chain opportunities in Egypt and the UAE. The partnership will see the prospects of storing and shipping …

Cairo – Mubasher: MENA’s leading financial technology (FinTech) platform Valu has concluded its sixth securitised bond issuance in partnership with EFG Holding at a value of EGP 922.30 million, according to a press release. The issuance is part of …

Cairo – Mubasher: e-finance for Digital and Financial Investments registered EGP 390.22 million in standalone net profit after tax during the first half (H1) of 2023, an annual hike from EGP 221.21 million. The company registered EGP 362.22 …

Cairo – Mubasher: The consolidated net income after tax of Qalaa Holdings reached EGP 4.59 billion in the first half (H1) of 2023, an annual drop from EGP 8.52 billion. The company generated EGP 57.94 billion in revenue during the January-June …

Cairo – Mubasher: A Saudi shareholder increased its stake in Prime Holding to 22.50% from 19.98% at a value of EGP 5.65 million, according to a bourse filing. Fahd bin Hamad bin Ibrahim Al Harqan purchased 8.81 million shares in the EGX-listed …

Cairo – Mubasher: International Dairy Investment Company purchased 69.55 million shares in Arabian Food Industries Company (Domty), acquiring a 24.61% stake in the latter. The transaction was concluded at a value of EGP 445.84 million at an …

Cairo – Mubasher: The ordinary general meeting (OGM) of Société Arabe Internationale de Banque (SAIB) agreed to increase the lender’s issued and paid-up capital to $331.02 million from $157.50 million. SAIB will offer 17.35 million bonus shares at …

Cairo – Mubasher: Al Baraka Bank-Egypt inaugurated a new branch in Damietta Governorate to expand its presence in the Delta governorates, according to a press release. The launch aligns with the lender’s strategy to expand its footprint and meet …

Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Cenomi Retail) has entered into a long-term strategic partnership with MENA’s leading shopping and financial services app Tabby to provide seamless payment solutions. The collaboration marks the …

Cairo – Mubasher: Etisalat Egypt by listed e& joined forces with Banque Misr to launch an electronic payments firm with a capital of EGP 500 million ($16.17 million). The e-payments joint venture (JV) is expected to be inaugurated by the end of …

Riyadh – Mubasher: Yalla has signed a number of agreements with key financial companies and institutions, including a memorandum of understanding (MoU) with Alinma Bank and Digital Pay. The deals aligned with Yalla's strategy to launch its …