Cairo – Mubasher: The ordinary general meeting (OGM) of Raya Holding for Financial Investments decided to cancel dividends for 2020, according to a bourse disclosure on Tuesday. During 2020, Raya Holding suffered consolidated net losses of EGP …
By: Heba El-Kordy Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) saw its stock plunge sharply to its lowest level in 28 months. By 11:00 a.m., the heavyweight stock declined by 2.1% to EGP 54.06, its lowest level since December …
Abu Dhabi – Mubasher: The UAE-based Agthia Group expects to receive the necessary regulatory approvals to complete the acquisition of a 75.02% stake in the Egypt-based Ismailia Investments (Atyab) during June or July, the Group's Chief Finance …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) announced its intention to acquire Abu Dhabi Commercial Bank’s (ADCB) 51.5% stake in Alexandria Medical Services - Alexandria New Medical Center. The group submitted an initial non-binding letter …
By: Abdullah Bedeir Cairo – Mubasher: First Abu Dhabi Bank (FAB) is expected to complete its acquisition of Bank Audi Egypt before the end of 2021, pending the approval of the Central Bank of Egypt (CBE), FAB Egypt’s CEO Mohamed Fayed said. On the …
Cairo – Mubasher: Telecom Egypt signed a protocol of cooperation with Ora Developers to provide integrated communications services to the latter’s real estate projects. Under the protocol, the telecom operator will extend its network and provide …
Cairo – Mubasher: Suez Canal Company for Technology Settling reported net profits of EGP 389.99 million in the first half (H1) of the company’s fiscal year, up by 26.39% year-on-year (YoY) from EGP 308.549 million, including minority shareholders’ …
Cairo – Mubasher: StonePine ACE Partners announced that its portfolio company Taaleem Management Services listed its shares on the Egyptian Exchange (EGX) at a valuation of EGP 4.2 billion ($267 million), which represents a doubling in …
Cairo – Mubasher: Speed Medical Company signed a contract to manage the three branches of Alex Scan Laboratories in Alexandria. Speed Labs will manage the labs under a revenue sharing system with 70% of cash clients and 80% of contract clients and …
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) turned to net profits of EGP 103.31 million during the first nine months of fiscal year 2020/2021, against net losses of EGP 152.48 million in the year-ago period, the unaudited financial results …
Cairo – Mubasher: Qatar National Bank Al Ahli (QNB Al Ahli) achieved net profits of EGP 1.96 billion during the first quarter (Q1) of 2021, up by 5.18% year-on-year (YoY) from EGP 1.87 billion in the corresponding period a year earlier, including …
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the rights issue of Fawry for Banking Technology and Electronic Payments for 800 million shares to be traded separately from the original stock. The e-payment firm will …
Cairo – Mubasher: The Egyptian Transport and Commercial Services Co (Egytrans) is currently studying foreign expansion in the transportation sector, addition of new activities, and monitoring the Libyan and Sudanese markets. These plans, which are …
Cairo – Mubasher: The Chairman of Suez Canal Economic Zone (SCZone), Yehia Zaki, signed a long-term syndicated loan agreement with a consortium led by the National Bank of Egypt (NBE) as the senior mandated lead arranger, facility agent, and …
Cairo – Mubasher: Arab Drug Company reported a 10.12% year-on-year (YoY) growth in its pre-tax net profits, logging EGP 103.39 million during the first nine months of fiscal year 2020/2021, compared to EGP 93.88 million, the unaudited financial …
Cairo – Mubasher: The ordinary general meeting (OGM) of October Pharma approved a cash dividend of 30% of the capital or EGP 3 per share for 2020. The shareholders also decided to postpone the issuance of bonus shares for further consideration, …
Cairo – Mubasher: The board of directors of Raya Contact Center approved the commencement of procedures to cancel some of its treasury stocks. A total of 4.272 million treasury stocks will be cancelled by reducing capital by EGP 2.14 …
Cairo – Mubasher: Speed Medical Company announced that its 80.25%-owned subsidiary Speed Hospitals signed an alliance agreement with medical investment-specialised LimeVest Fund and Tawasol, a subsidiary of the Saudi Elaj Group, for the …
Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that one of its subsidiaries signed an agreement with foreign investment funds to start procedures for selling part of its stake in MNT Investments BV, representing 5% of the company’s shares. …
Cairo – Mubasher: Beltone Financial Holding announced its future development plan proposed by the board of directors. The company will rely on diversified financing and strategic support to create opportunities for the entry of new shareholders …
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Co.’s board gave the green light to allocate 8.9% of the affiliate Egyptian Centres for Real Estate Development (ECRED) in exchange for EGP 354.72 million (SAR 84.4 million) worth of outstanding …
Cairo – Mubasher: CI Capital Holding For Financial Investments spent EGP 970.21 million of the capital raise subscription proceeds amounting to EGP 1.022 billion. A total of EGP 120 million has been allocated for a loan used to partly finance …
Cairo – Mubasher: Suez Canal Bank reduced its stake in Mohandes Insurance to 0.00007% from 3.06%. The transaction involved the sale of 2.29 million shares for EGP 33.33 million, averaging EGP 14.55 per share, according to a statement to the …
Cairo – Mubasher: The Commercial International Bank-Egypt (CIB) approved in principle to reschedule loans and cut interest payments of Sharm Dreams Company for Touristic Investment. The company requested an urgent funding of EGP 140 million for …
Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced that its ordinary general meeting (OGM) approved a proposal to distribute a cash dividend of EGP 0.45 per share for 2020. Dividends will be paid in instalments over the …
