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Faisal Islamic Bank’s assets reach over EGP 103bn in January 2020
16 - Sun - Feb - 2020
Faisal Islamic Bank’s assets reach over EGP 103bn in January 2020
Faisal Islamic Bank of Egypt’s assets grew by 13.9% year-on-year at the end of January 2020.The bank’s assets rose to EGP 103.148 billion in January from EGP 90.593 billion in the same month a year earlier, according to a bourse statement released on Thursday.Moreover, the…
Saudi Egyptian Investment records higher profit in 2019
16 - Sun - Feb - 2020
Saudi Egyptian Investment records higher profit in 2019
Saudi Egyptian Investment and Finance has reported a 4.25% year-on-year profit increase during the fiscal year 2019.The company’s net profit went up to EGP 23.26 million last year, compared to EGP 22.31 million in the year-ago period, according to a bourse statement released on Thursday.Meanwhile, revenue…
Tesla may float $2bn shares to strengthen balance sheet
16 - Sun - Feb - 2020
Tesla may float $2bn shares to strengthen balance sheet
 American electric vehicle and clean energy company Tesla Inc. is planning to raise $2 billion through a public share offering, Reuters reported on Thursday.The company’s CEO Elon Musk will buy up to $10 million in shares, while board member Larry Ellison will purchase $1 million worth of…
Rameda executes EGP 62m greenshoe option
16 - Sun - Feb - 2020
Rameda executes EGP 62m greenshoe option
Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) has purchased 13.379 million price stabilisation shares, valued at EGP 62.346 million, the Egyptian Exchange (EGX) said on Thursday.In December 2019, Rameda completed its initial public offering (IPO) on EGX, with 376.6 million shares, representing 48.99% of the company’s capital…
Egypt exports $4.9bn petroleum products in 2019
16 - Sun - Feb - 2020
Egypt exports $4.9bn petroleum products in 2019
Egypt’s petroleum products exports grew by 4.54% year-on-year in 2019, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).Exports rose to $4.9 billion last year, compared to $4.69 billion in 2018.​​​​​​​Egyptian liquefied natural gas exports went up to $1.236 billion in…