news

Naeem Holding moves to losses in 2019 initial results
16 - Sun - Feb - 2020
Naeem Holding moves to losses in 2019 initial results
The preliminary financial results of Naeem Holding for Investment, listed on the Egyptian Exchange (EGX) and the Dubai Financial Market (DFM), announced turning to losses during 2019.The dual-listed firm incurred net losses of $3.696 million last year, against net profits of $294,425 in 2018, according to…
Speed Medical’s profit up 34% in 2019
16 - Sun - Feb - 2020
Speed Medical’s profit up 34% in 2019
The consolidated financial statements of Speed Medical Company showed a 34% year-on-year profit growth during 2019.The company’s net profits increased to EGP 17.09 million during the 12-month period ended 31 December 2019, compared to EGP 12.7 million a year earlier, including minority shareholders’ rights, according to a…
Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
16 - Sun - Feb - 2020
Pyramisa Hotels and Resorts’ profit falls 30% in 2019; dividends proposed
Pyramisa Hotels and Resorts reported a 29.77% year-on-year profit decline during 2019, the company’s consolidated financial statements showed. The company’s net profits shrank to EGP 37.49 million last year from EGP 53.38 million in 2018, including minority shareholders’ rights, according to a bourse statement on Sunday.Meanwhile, the cost…
Trading company serves as broker for Emerald’s private offering
16 - Sun - Feb - 2020
Trading company serves as broker for Emerald’s private offering
Trading company, a subsidiary of Mubasher Capital Holding for Financial Investments, will act as a broker of the private offering of 28% of shares of Emerald Real Estate Investment at a total value of EGP 202.3 million after the Financial Regulatory Authority (FRA) approved the prospectus of the…
CBE offers EGP 14.5bn T-bills on Sunday
16 - Sun - Feb - 2020
CBE offers EGP 14.5bn T-bills on Sunday
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 91-day notes, while the second tranche…