news

Dana Gas' sale of Egypt assets still under review
08 - Wed - Apr - 2020
Dana Gas' sale of Egypt assets still under review
Dana Gas is still carrying out a strategic review on its assets in Egypt for their potential sale, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Wednesday.The company referred that the review should have been concluded by the end of March 2020 as announced…
Cairo Three A offers to buy Egyptian Starch & Glucose at EGP 8.5/shr
08 - Wed - Apr - 2020
Cairo Three A offers to buy Egyptian Starch & Glucose at EGP 8.5/shr
The major shareholders of the Egyptian Starch and Glucose have received a final offer to sell their shares in the company.  Cairo Three A for International Industries has offered to buy the stakes of Americana Group for Food and Touristic Projects, the Egyptian Company for International Touristic Projects (Americana Egypt)…
Al Ezz Dekheila Steel raises capital to EGP 1.95bn
08 - Wed - Apr - 2020
Al Ezz Dekheila Steel raises capital to EGP 1.95bn
The board of directors of Al Ezz Dekheila Steel – Alexandria decided to increase the company’s issued capital to EGP 1.95 billion from EGP 1.33 billion.The issued capital will be raised by EGP 614.76 million through the issuance of 6.14 million shares at a nominal value of…
Qena approves its budget for 2020
08 - Wed - Apr - 2020
Qena approves its budget for 2020
Misr Cement (Qena) (MCQE) has targeted achieving net profit after tax deduction in 2020 of EGP 73.06 million compared to EGP 35 million posted in 2019, according to a released statement to the Egyptian exchange. Qena's board of directors approved the budget for 2020 on April 7th, targeting…
Arabia Investments posts 13% profit increase
08 - Wed - Apr - 2020
Arabia Investments posts 13% profit increase
Arabia Investments Holding (AIH) released its annual financial results, reporting a 13% Year on Year (YoY) decline in its net consolidated profit for 2019.  Net consolidated profit reached EGP 82,486,968 in 2019, a rise from 72,775,620 achieved a year earlier.Nevertheless, net standalone loss reached EGP 4,134,386 in 2019, a 56%…