news

Talaat Moustafa Group approves EGP 182.5m dividends for 2019
29 - Sun - Mar - 2020
Talaat Moustafa Group approves EGP 182.5m dividends for 2019
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 dividends in two payments of EGP 0.044 a share to be paid no later…
Al Mommar inks deal to acquire 75% stake in Egyptian firm
29 - Sun - Mar - 2020
Al Mommar inks deal to acquire 75% stake in Egyptian firm
 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 Stock Exchange (Tadawul) on Sunday.The deal is forecast to be financed by…
Egyptian Stock Exchange Morning Report 29-03-2020
29 - Sun - Mar - 2020
Egyptian Stock Exchange Morning Report 29-03-2020
Egyptian Exchange Morning Report 29-03-2020general news, corporate news, global indices,global indices,official exchange rates,commodities, interest ratesmacroeconomicindicator, stock picks,calendar.Please read or drive from the attached link◄
Orascom Construction sees 15.2% lower consolidated profits; dividends proposed
29 - Sun - Mar - 2020
Orascom Construction sees 15.2% lower consolidated profits; dividends proposed
The consolidated financial results for 2019 of Orascom Construction PLC, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), reported a 15.2% year-on-year (YoY) drop in net profits.The company's net profits reached $131.1 million in 2019, compared to $154.7 million during in 2018, according to the company's…
Orascom Development carries EGP 40.5 million large-scale deal
26 - Thu - Mar - 2020
Orascom Development carries EGP 40.5 million large-scale deal
A special deal worth EGP 40.5 million was executed through the large-scale transactions mechanism on the shares of Orascom Development Egypt, the Egyptian Exchange (EGX) announced on Wednesday.The deal was made over 17.018 million shares in Orascom Development, according to the bourse's statement on Wednesday.It is noteworthy to mention that during the…