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A fee of EGP 3 is charged on each ATM transaction
29 March 06:13 PM Pensioners to be exempt from ATM fees for 6M – Source
Cairo – Mubasher: The Central Bank of Egypt (CBE) will pay ATM withdrawal fees for pensioners for a period of six months on behalf of the Ministry of Social Solidarity, an official source told the Middle East News Agency (MENA). A total of 6 …
The company is studying several investment opportunities
29 March 05:28 PM B Investments Holdings uses EGP 275m of subscription proceeds
Cairo – Mubasher: B Investments Holdings announced that a total of EGP 275 million of its capital raise subscription proceeds amounting to EGP 458.27 million has been used. The amount has been used to increase the capital of Ebtikar for Financial …
The board proposed a cash dividend distribution of EGP 64 million
29 March 05:03 PM B Investments Holdings posts 11% profit drop in 2019; dividends proposed
Cairo – Mubasher: The consolidated financial statements of B Investments Holdings showed an 11% year-on-year (YoY) drop in its net profits during 2019. The company’s net profits fell to EGP 173.7 million last year from EGP 194.48 million in 2018, …
The market’s turnover reached EGP 390.8 million
29 March 04:35 PM EGX30 ends Sunday down; market cap drops 1.96bn
Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a varied note amid foreign and Arab sales and local purchases. The benchmark EGX30 index fell by 1.54%, ending the session at 9,760 points. On the other hand, the …
A total of EGP 24.9 billion has been disbursed so far
29 March 04:17 PM Egypt’s slum development plan estimated at EGP 396.2bn
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian Ministry of Housing has estimated the cost of slum development plan at EGP 396.2 billion. The plan includes developing unsafe and unplanned areas and markets, according to a document reviewed by …
Mopco's OGM approved to pay out cash dividends of EGP 2.5 per share
29 March 04:06 PM Mopco's OGM approves EGP 2.5/shr dividends
Cairo – Mubasher: The shareholders of Misr Fertilizers Production Company (Mopco) have approved to pay out cash dividends of EGP 2.5 per share for the fiscal year (FY) ended on 31 December 2019. During the ordinary general meeting (OGM), the …
Sidpic reported net profits of EGP 487 million in 2019
29 March 03:39 PM Sidpec names new chairman
Cairo – Mubasher: Sidi Kerir Petrochemicals (Sidpec) named Mohamed Mohamed Ibrahim as the new chairman and managing director, according to a bourse disclosure on Sunday. It is worth mentioning that during 2019, Sidpic reported net profits of EGP …
The bank’s OGM approved a capital increase of EGP 309.28 million
29 March 03:23 PM Al Baraka Bank Egypt’s shareholders approve dividends, bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of Al Baraka Bank – Egypt approved procedures to distribute dividends for 2019. The bank’s shareholders agreed to distribute 10% of the share capital or EGP 0.70 per share at a total value of …
Shareholders agreed to double the company’s capital
29 March 02:55 PM Egypt Gas approves 2019’s dividends, capital hike
Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a decision to distribute cash dividends of EGP 3 per share for 2019. The company’s shareholders agreed to distribute a total of EGP 72 million divided between the Egyptian …
CBE imposed temporary limits on ATM withdrawals and deposits at EGP 5,000
29 March 01:45 PM NBE launches mobile ATMs amid coronavirus fears
Cairo – Mubasher: The National Bank of Egypt (NBE) announced that customers will be able to use mobile ATM vehicles. Mobile ATMs will be spread across different areas in the country in a bid to promote social distancing to curb the spread of the …
GB Auto’s net profits dropped to EGP 223.55 million in 2019
29 March 01:01 PM GB Auto’s shareholders retract decision to merge with RGI
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI). The company’s shareholders also decided to cancel all the effects resulting …
Investors in Boursa Kuwait
29 March 12:41 PM Kuwait’s COVID-19 toll rises to 255
Mubasher: The total number of coronavirus (COVID-19) cases in Kuwait grew to 255 on Sunday after 20 new patients tested positive for the novel disease over the past 24 hours, the country’s health ministry disclosed on its official Twitter page. …
The issuance will be used to finance the country’s budget deficit
29 March 12:27 PM CBE offers EGP 14.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 14.5 billion on Sunday on behalf of the Ministry of Finance. The first tranche of the T-bills amounts to EGP 4 billion and will be offered through …
EIPICO’s net profits fell to EGP 671.4 million in 2019
29 March 12:20 PM EIPICO’s shareholders approve EGP 4/shr dividends for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian International Pharmaceutical Industries (EIPICO) approved procedures to distribute cash dividends for 2019. The company’s shareholders decided to distribute EGP 4 per share as …
Shareholders decided to increase the issued and paid-up capital by 15%
29 March 12:09 PM Faisal Islamic Bank approves dividends for 2019, capital raise
Cairo – Mubasher: The ordinary general meeting (OGM) of Faisal Islamic Bank of Egypt approved the proposed cash dividend distribution for 2019. The bank’s shareholders agreed to distribute $0.08 per share denominated in US dollar after zakat …
The company is currently completing all the relevant legal paperwork
29 March 11:42 AM Al Mommar inks deal to acquire 75% stake in Egyptian firm
Riyadh – Mubasher: Al Mommar Information Systems (MIS) signed a deal to acquire 75% of the shares of Egypt-based Fingerprint Consultancy. The company is currently completing all the relevant legal paperwork, according to a statement to the Saudi …
Egypt Kuwait Holding's profit increased by 21.5% annually in 2019
29 March 11:40 AM Egypt Kuwait Holding approves $0.06/shr dividends for 2019
Mubasher: The ordinary general meeting (OGM) of Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, approved the proposed cash dividend distribution of six cents per share or 24% of the share’s nominal value for …
The real estate developer reported net profits of EGP 1.94 billion
29 March 11:19 AM Talaat Moustafa Group approves EGP 182.5m dividends for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) of Talaat Moustafa Group Holding (TMG Holding) approved a cash dividend distribution for 2019. The company’s shareholders agreed to distribute EP 182.5 million or EGP 0.088 per share as …
The rule excludes the salaries due to be paid to employees
29 March 10:52 AM CBE sets temporary deposit, withdrawal limit
Cairo – Mubasher: The Central Bank of Egypt (CBE) decided to set a temporary daily cash withdrawal and deposit limit of EGP 10,000 for Egyptian individuals and EGP 50,000 for Egyptian companies. The rule excludes the salaries due to be paid to …
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28 March 09:14 PM Egypt reports 40 COVID-19 cases
Cairo – Mubasher: The Egyptian Ministry of Health and Population has reported an increase in the number of coronavirus (COVID-19) cases whose test results turned from positive to negative to a total of 161. The ministry’s spokesperson revealed the …
The UAE Ministry of Health and Population
28 March 07:06 PM UAE announces 63 new COVID-19 cases
UAE – Mubasher: The UAE Ministry of Health and Population (MoHAP) has reported 63 new cases of the new coronavirus (COVID-19). This brings the total number of cases in the UAE to 468 cases, according to the ministry’s statement on Saturday. Two …
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28 March 11:41 AM Egypt sets travellers quarantine period at 28 days
Mubasher: The Egyptian Ministry of Health has decided to set the isolation period for returning passengers and their families and those who were in close contact with them at 28 days, instead of 14 days. The move comes as part of efforts to combat …
Ministry of Health and Prevention (MoHAP) - UAE
27 March 11:14 PM UAE reports 72 COVID-19 cases
Mubasher: The UAE has announced 72 new cases infected with the novel coronavirus (COVID-19), bringing the total number of confirmed cases to 405. With three new recoveries announced on Friday, the total number of recoveries reached 55, according …
The health ministry announced 92 new cases on Friday
27 March 11:03 PM Saudi Arabia coronavirus cases reach 1,104
Riyadh – Mubasher: Saudi Arabia reported 92 new cases with the novel coronavirus (COVID-19), of which 10 are travel-related and health-isolated cases, while 82 were in contact with previously reported cases. The number of confirmed cases in the …
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27 March 10:33 PM Egypt announces 41 new coronavirus cases
Cairo – Mubasher: The Egyptian Ministry of Health and Population reported 41 new coronavirus (COVID-19) cases and six deaths. The new cases include 40 Egyptians, who were in contact with previously reported cases, and an American. In addition, 14 …