Tawasul
Mubasher TV
Contact Us Advertising   العربية

Stocks News

This move will help the company enhance its profitability amid the inflationary pressures
12:51 PM Edita raises prices of some products
Cairo – Mubasher: Edita Food Industries announced a price increase for its Molto products, according to a bourse disclosure on Monday.  The prices of Molto products priced at EGP 2 per pack will be increased to EGP 3, while those priced at EGP 3 …
The issued capital will be increased to EGP 1.872 billion
12:27 PM MNHD's board nods to EGP 374m capital raise
Cairo – Mubasher: The board of directors of Madinet Nasr for Housing and Development (MNHD) decided to increase the company's issued capital through a rights issue.  The issued capital will be increased by EGP 374.4 million to EGP 1.872 billion to …
The company's revenues fell to EGP 537.70 million
11:36 AM Alexandria Container's profit up 21% Q1-21/22 unaudited financials
Cairo – Mubasher: Alexandria Container and Cargo Handling Company reported net profits of EGP 336.33 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, up by 21.09% year-on-year (YoY) from EGP 277.76 million, the unaudited financial …
e-finance has launched e-Health in partnership with the Universal Health Insurance Authority
11:24 AM e-finance mulls acquisition of companies in various sectors
Cairo – Mubasher: Egypt's e-finance For Digital and Financial Investments responded to news reports about the potential acquisition of a number of companies and the entry of transportation, tourism, and healthcare insurance sectors.  The fintech …
The Sallam family will become the third-largest shareholder in MNHD
10:45 AM MNHD names new CEO, plans to acquire MINKA Developments
Cairo – Mubasher: The board of directors of Madinet Nasr for Housing and Development (MNHD) approved the appointment of Abdallah Sallam as the new CEO of the real estate developer.  The board also agreed to acquire MINKA Developments from the …
The deal included the purchase of 1.26 million shares for EGP 2.248 million
24 October 04:18 PM Atlantica Holdings ups stake in Speed Medical
Cairo – Mubasher: Atlantica Holdings Inc has increased its stake in Speed Medical Company to 5.057% from 4.94%. The deal included the purchase of 1.26 million shares for EGP 2.248 million, averaging EGP 1.782 per share, according to a bourse …
The revenues retreated to EGP 35.9 million
24 October 02:02 PM South Cairo Mills records 15% higher loss in Q1-21/22 initial financials
Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries incurred net losses of EGP 10.57 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, up by 15.1% year-on-year (YoY) from EGP 9.18 million, the unaudited financial results …
The revenues grew to EGP 112.18 million in the July-September period
24 October 01:10 PM Misr Hotels turns to profits in Q1-21/22 initial financials
Cairo – Mubasher: Misr Hotels turned to pre-tax net profits of EGP 66 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus net losses of EGP 67.85 million in the same period a year earlier, the unaudited financial results …
The new entity will launch Egypt's first private technology and applied education university
24 October 11:58 AM CIRA, Al Ahly Capital Holding ink deal to set up new educational services firm
Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has signed a partnership and investment management agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt (NBE).  The two firms will …
First Abu Dhabi Bank (FAB) and Mashreq Bank acted as joint coordinators
24 October 10:49 AM Telecom Egypt obtains $500m medium-term syndicated loan
Cairo – Mubasher: Telecom Egypt has signed a new $500 million medium-term syndicated loan deal in order to strengthen its capital expenditure and refinance existing short-term facilities. First Abu Dhabi Bank (FAB) and Mashreq Bank acted as joint …
The revenues from leased fixed assets fell to EGP 70.24 million
20 October 04:27 PM Suez Canal Technology's annual standalone profit surges 65%
Cairo – Mubasher: Suez Canal Company for Technology Settling reported standalone net profits of EGP 498.57 million in the 12-month period ended 31 August, up by 65.1% year-on-year (YoY) from EGP 301.93 million.   The revenues from leased fixed …
Shares of e-finance opened at EGP 13.98 apiece
20 October 02:10 PM e-finance sets record as Egypt's largest IPO
Cairo – Mubasher: e-finance For Digital and Financial Investments has debuted its trading on the Egyptian Exchange (EGX) on Wednesday under the ticker symbol of EFIH.CA.  The fintech platform has set a record as the largest offering in Egypt with …
The silo will be established with a capacity of 100,000 tonnes
20 October 01:45 PM General Company for Silos inks deal to build EGP 520m silo
Cairo – Mubasher: General Company for Silos and Storage has signed a contract with Rowad Modern Engineering to build a silo at West Port Said Port. The silo will be established with a capacity of 100,000 tonnes at a cost of EGP 520 million, the …
e-finance debuted its trading on the EGX on Wednesday
20 October 01:03 PM Foreign investors make up 72% of demand for e-finance's offering
Cairo – Mubasher: The offering of e-finance For Digital and Financial Investments has attracted strong demand from investors and investment funds from various countries such as the UAE, Saudi Arabia, Kuwait, the UK, the US, and Sweden, along with …
The reactor will be used to produce raw polystyrene through recycling PET plastic waste
20 October 12:01 PM Rubex's board decides to buy polyester production reactor for EGP 2.5m
Cairo – Mubasher: The board of directors of Rubex International for Plastic and Acrylic Manufacturing has approved the purchase of a reactor for raw polyester production for EGP 2.5 million.   The reactor will be used to produce raw polystyrene …
The independent financial advisor valued these assets at EGP 1.179 billion
20 October 11:45 AM GSK Egypt approves valuation report for consumer healthcare assets
Cairo – Mubasher: The board of directors of GlaxoSmithKline (GSK Egypt) approved a fair value (FV) report prepared by the independent financial advisor Grant Thornton - Egypt for the consumer health business assets. These assets include the …
e-finance's stock jumped by 43.06% to EGP 20
20 October 11:25 AM e-finance soars 43% in first minutes of trading debut
By: Heba El-Kordy Cairo – Mubasher: The stock of e-finance For Digital and Financial Investments jumped during the first few minutes of its trading debut on the Egyptian Exchange (EGX). By 10:07 a.m. Cairo time, e-finance jumped by 43.06% to EGP …
The company plans to boost revenues by adding more drive-thru testing facilities
19 October 12:41 PM Speed Medical reveals financial impact of COVID-19 drive-thru testing deal
Cairo – Mubasher: Speed Medical Company revealed the impact of the recently-signed COVID-19 drive-thru testing contract on its revenues and profits.  The total revenues of the drive-thru testing facilities will be added to the company's standalone …
Societe Arabe Internationale de Banque
19 October 12:20 PM SAIB approves exit from Cairo National Company for Brokerage and Securities
Cairo – Mubasher: The board of directors of Societe Arabe Internationale de Banque (SAIB) approved a decision to exit from Cairo National Company for Brokerage and Securities.  The board also approved the appointment of Marwa Sami Shahin as the …
Exports amounted to $597 million in the first half of 2021
19 October 12:09 PM Ezz Steel's exports exceed $1bn in nine months
Cairo – Mubasher: Ezz Steel said that its total exports during the first nine months of 2021 reached $1.013 billion.  Exports amounted to $597 million in the first half (H1) of 2021 and $416 million in the third quarter (Q3) of the year, according …
The acquisition will enable Orascom Construction to foster its presence in the services sector
19 October 11:15 AM Orascom Construction mulls acquisition of three firms in Egypt
Cairo – Mubasher: The board of directors of Orascom Construction PLC, listed on the Egyptian Exchange (EGX) and Nasdaq Dubai, approved a proposal to consider the acquisition of up to 100% of Orascom Trading Company, National Equipment Company, and …
the cement producer logged net losses of EGP 35.69 million in three months
18 October 05:24 PM EGX approves South Valley Cement's authorised capital cut
Cairo – Mubasher: The Egyptian Exchange's (EGX) listing committee approved the authorised capital reduction of South Valley Cement Company to EGP 12 billion from EGP 20 billion.  This decision is in line with the decree of the Financial Regulatory …
Total dividends amount to EGP 97.5 million
18 October 03:31 PM Middle and West Delta Mills approves EGP 13/shr dividend for FY20/21
Cairo – Mubasher: The ordinary general meeting (OGM) of Middle and West Delta Flour Mills approved a cash dividend distribution of EGP 13 per share for fiscal year (FY) 2020/2021.  Total dividends amount to EGP 97.5 million for the year ended 30 …
The project is expected to generate EGP 4 billion in sales
18 October 01:15 PM Emerald Development to build EGP 2bn commercial project
Cairo – Mubasher: Emerald Development & Projects Management plans to establish a new project in Corniche El-Maadi with an expected investment of EGP 2 billion, CEO Hashem El-Sayed revealed.  The project, which will feature commercial, …
The revenues declined to EGP 574.18 million
18 October 12:20 PM Heliopolis Housing's adjusted profit down 51% in FY20/21; dividends proposed
Cairo – Mubasher: Heliopolis Company for Housing and Development achieved net profits of EGP 180.15 million in fiscal year (FY) 2020/2021, down by 50.7% year-on-year (YoY) from EGP 365.55 million, the adjusted unaudited financial results showed.  …