Tawasul
Mubasher TV
Contact Us Advertising   العربية

Stocks News

The contenders include 16 int'l financial firms
28 January 11:12 PM Raya Holding receives 24 acquisition offers for subsidiary
Cairo – Mubasher: Raya Holding for Financial Investment has announced that it received 24 offers from local and international companies for the acquisition of a minority stake in its subsidiary Aman Holding for Non-Banking Financial Services. The …
An EBE branch
28 January 07:07 PM CI Ratings affirms EBE’s ratings; Outlook stable
Cairo – Mubasher: Capital Intelligence Ratings (CI Ratings) has affirmed the long-term foreign currency rating of Export Development Bank of Egypt (EBE) at ‘B+’. The rating agency also affirmed the bank’s short-term foreign currency rating at ‘B’, …
Headquarters of Tabreed
28 January 05:09 PM Tabreed plans to enter new markets in Middle East – CEO
Dubai – Mubasher: The National Central Cooling Company (Tabreed) seeks to invest in new markets in the Middle East, including Egypt and Kuwait, in the coming period, Tabreed’s CEO, Bader Al Lamki, told CNBC Arabia. Al Lamki added that the company …
The self-driving bus was presented at the King Abdulaziz Telecom Complex
28 January 04:18 PM stc launches region's first self-driving 5G bus
Riyadh – Mubasher: Saudi Telecom Company (stc) has launched the region’s first 5G-supported self-driving bus at the King Abdulaziz Telecommunication Complex in Riyadh. The bus, launched in collaboration with Ericsson, will help smooth the movement …
The company’s revenues declined to EGP 273.05 million
28 January 02:43 PM Nasr for Civil Works' indicators show 22% profit drop in 2019; dividends proposed
Cairo – Mubasher: Nasr Company for Civil Works reported a 22.2% year-on-year decline in its net profits in 2019, the company’s unaudited financial results showed. Net profits went down to EGP 42.37 million in the twelve-month period ended 31 …
CIAF Leasing will be the issuer of sukuk worth $50 million
28 January 02:28 PM CIAF Leasing, Talaat Moustafa to issue sukuk in 3 months
By: Fahd Omran Cairo – Mubasher: The Egyptian aircraft leasing company CIAF Leasing will issue the first corporate sukuk in February, head of the central department for corporate finance at the Financial Regulatory Authority (FRA), Sayed Abdel …
The company’s revenues retreated to EGP 2.36 billion
28 January 01:23 PM Delta Sugar’s profit dips 83% in 2019 unaudited financials
Cairo – Mubasher: The unaudited financial results of Delta Sugar reported an 83% year-on-year profit drop during 2019. Net profits plunged to EGP 57.52 million in the twelve-month period ended 31 December 2019, compared to EGP 343.74 million a …
FRA earlier imposed a fine of EGP 11 million on the company's chairman
28 January 01:08 PM Raya Holding to appeal against EGP 110m fine
Cairo – Mubasher: Raya Holding for Financial Investment plans to appeal a court ruling that imposed a fine of EGP 110 million on the company, according to a bourse disclosure on Tuesday. Egypt’s Cairo Economic Court fined the company’s chairman …
AT Lease aims to raise its capital to EGP 400 million by the end of 2022
28 January 12:31 PM AT Lease obtains factoring licence
Cairo – Mubasher: Al Tawfeek for Financial Lease (AT Lease) has been licensed by the Egyptian Financial Regulatory Authority (FRA) to conduct factoring operations. AT Lease aims to increase the value of contracts to cumulatively reach EGP 7 …
Net profits increased to EGP 39.371 million last year
27 January 02:24 PM Real Estate Egyptian Consortium’s profit hikes 257% in 2019 unaudited financials
Cairo – Mubasher: The unaudited consolidated financial results of the Real Estate Egyptian Consortium showed a 257.13% year-on-year profit surge during 2019. Net profits increased to EGP 39.371 million last year, compared to EGP 11.024 million in …
The bank also plans to increase its capital to EGP 5 billion
27 January 12:25 PM Al Baraka Bank – Egypt eyes EGP 3.3bn funding to national projects by 2023
Cairo – Mubasher: Al Baraka Bank – Egypt is looking to contribute EGP 3.3 billion to syndicated loans to be directed to national projects, bringing the total value of its contributions to EGP 5 billion by 2023. The bank also plans to increase its …
Dice logged a net profit of EGP 125.29 million in nine months
27 January 12:00 PM Dice denies merger reports
Cairo – Mubasher: Dice Sport and Casual Wear denied reports on talks for a stake sale and a potential merger with a company operating in the apparel sector.    The company has no intention to merge with another entity in the coming period, …
Rameda’s stock started trading on the EGX on 11 December
26 January 02:16 PM Rameda's revenue rises to EGP 890m in 2019 unaudited financials
Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) expects generating earnings before interest, taxes, depreciation, and amortisation (EBITDA) of EGP 255 million in 2019, up by 11.7% year-on-year from …
The Egyptian company generated EGP 2.58 billion in sales
26 January 01:12 PM Obour Land logs EGP 295m profit in 2019; dividends proposed
Cairo – Mubasher: Obour Land for Food Industries posted a 24% year-on-year profit growth during 2019, the company’s consolidated financial statements showed. The company’s net profits hiked to EGP 295.28 million last year, compared to EGP 238 …
Telecom Egypt logged a net profit of EGP 3.2 billion in nine months
26 January 12:36 PM Telecom Egypt denies Vodafone stake sale reports
Cairo – Mubasher: Telecom Egypt denied reports about receiving offers for the sale of its stake in Vodafone Egypt Telecommunications. The state-run telecom operator confirmed that it has no intention to sell its stake in Vodafone Egypt in the …
Net profits went down to EGP 1.43 billion
26 January 12:23 PM Abu Qir Fertilizers posts 13% profit drop in H1-19/20 unaudited financials
Cairo – Mubasher: The unaudited financial results of Abu Qir Fertilizers revealed a 13.3% year-on-year profit decline during the first half of fiscal year 2019/2020. Net profits went down to EGP 1.43 billion in the July-December period of 2019, …
AIH also acquired Incolease’s entire stake in UE Finance
26 January 12:10 PM Arabia Investments Holding raises unit’s capital to EGP 80m
Cairo – Mubasher: Arabia Investments Holding (AIH) announced the completion of a 146% capital increase of its subsidiary UE Finance. The company raised UE Finance’s issued and paid-up capital to EGP 80 million from EGP 32.5 million, according to a …
Revenues fell by 27.42% to EGP 153.59 million
26 January 11:55 AM Misr Chemical Industries’ profit falls 76% in H1-19/20 unaudited financials
Cairo – Mubasher: The unaudited financial results of Misr Chemical Industries showed a 75.91% year-on-year profit drop during the first half of fiscal year 2019/2020. Net profits plunged to EGP 14.34 million in the six-month period ended 31 …
FAB’s offer is still under consideration
23 January 10:59 PM Bank Audi reveals details of FAB’s acquisition offer
Cairo – Mubasher: Bank Audi on Thursday announced that it is in talks with some entities, including First Abu Dhabi Bank (FAB), for the sale of its unit in Egypt, according to a message sent to the Lebanese bank’s employees. FAB’s offer is still …
Part of the signing ceremony
23 January 08:00 PM Raya Holding to expand Egypt’s investments to EGP 150m in five years
Cairo – Mubasher: Raya Holding for Financial Investment is planning to increase investments in Egypt to EGP 150 million over the coming five years, according to a statement released on Thursday. The company signed a franchise agreement with …
The bank’s capital increased by EGP 85.99 million
23 January 06:59 PM Egyptian FRA approves CIB’s capital hike
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has approved Commercial International Bank’s (CIB) capital increase, according to a bourse statement released on Thursday. The bank’s capital increased by EGP 85.99 million, divided …
Shares will be listed on the EGX on 29 January
23 January 03:00 PM EGX approves listing Emerald Real Estate Investment's shares
Cairo – Mubasher: The listing committee of the Egyptian Exchange (EGX) decided to list Emerald Real Estate Investment’s stock with an issued capital of EGP 250 million. A total of 250 million shares at a nominal value of EGP 1 apiece will be …
Azad development will feature 350 units in New Cairo
23 January 02:09 PM TAMEER targets EGP 3.5bn sales from 2 new projects
Cairo – Mubasher: Egypt-based Development and Engineering Consultants Co (TAMEER) is looking to develop new residential and commercial projects in Cairo, the company’s managing director Antoine El-Khoury told Thomson Reuters Projects News. The …
Acquiring Bank Audi’s unit in Egypt requires regulatory approvals
23 January 01:21 PM FAB confirms talks to acquire Bank Audi’s branch in Egypt
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB) has confirmed that it held exclusive discussions with Lebanese Bank Audi to acquire its fully owned subsidiary in Egypt (Bank Audi-Egypt). However, FAB has not announced any valuations regarding the …
Aman Holding for Financial Services has a paid-up capital of EGP 375 million
23 January 12:30 PM Raya Holding gets 12 offers for stake sale in Aman Holding
Cairo – Mubasher: Raya Holding for Financial Investment announced that it received twelve offers from local and international investors with high solvency ratios seeking to inject investments into Aman Holding for Financial Services. Raya Holding …