HHD prepares alternative plan for management rights
No companies have presented offers
Alyaa Stohy
141 Articles
Latest by Alyaa Stohy
El Sewedy Electric reported strong performance led by turnkey segment
Naeem recommends SWDY as a BUY with EGP 17.16/share
HHD receives 4 offers for its management
Company to choose winner bid in April, taking 30-45 days to assess offers, says chairperson
Abu Qir Fertilizers to offer additional stake on EGX in 2H 2020
Company plans to increase exports to 70% from 55% by year-end
A quiet EGX week expected, despite major firms’ strong financial results
Head of technical analysis at Pharos Holding Mohamed Osman believes the benchmark EGX30 is still hovering on its previous low at the support level of 13,550 points, thus the consistency of trading above that level paves the way for a possible rebound.
FRA approves amendments to Capital Market Law to ease regulation of real estate funds
The amendments would allow more flexibility in the funds’ investment policies by solving some problems faced in this type of funds. The suggested amendments were discussed in community dialogue sessions managed by the FRA with such funds’ representatives.
Rameda Reports double-digit topline growth in FY19
Plans to launch at least 12 new molecules each year in the medium-term
EGX-listed companies shrug impact of Coronavirus on sales
Companies importing production inputs from China look for new suppliers
MTI Group to establish e-payment holding company to parent Bee, Masary
Both companies will retain their brands, operations to be integrated: MM group investment director
CICH’s strong 2019 profits driven by Corplease
Total revenues reached EGP2.6bn growing 39.2% YoY
Market maker licence expected to be out this month
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
Egypt Gas prepares to join Omani market, boost business in UAE, Kuwait
Egypt Gas aims to expand the construction of natural gas stations for Car Gas, Gas Tec
CIAF presents prospectus for sukuk offering to FRA end of next week
CIAF is currently preparing to float $50m sukuk, and promotions are underway to launch them, which is the first sukuk offering witnessed in the Egyptian market, after the approval of legislative controls for issuing sukuk in Egypt.
Government’s infrastructure projects to help transition to industrialisation: Carbon Holdings official
Year 2019 is a good year economically, sees several positive indicators, says Karim Helal
HHD sets deadline of 23 February to receive pre-qualification applications for its management
Company gets no applications so far, although it answers many inquiries, says El Deeb
Is BLOM bank leaving Egypt?
A Saudi bank is negotiating with BLOM to acquire its unit in Egypt: Sources
Rameda plans to introduce new drugs for the digestive system, diabetes, nerves, and antibiotics
New acquisitions opportunities to produce pharmaceutical products that the company does not cover: Morsi
Arqaam ranks first in October with EGP 4bn trading value
Hermes comes in second place with transactions of EGP 3.5bn, and Financial Brokerage Group is third
Leading shares expected to test resistance level at 15,000 points this week
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Rameda targets stock market debut in 4Q 2019
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Fears of traffic stagnation push authorities to temporarily suspend Porto Heliopolis
Amer Group has submitted the requested traffic study on the project to the competent authority, and is awaiting for its review to complete the project which is expected to be delivered within five years.
HHD extends deadline for receiving pre-qualification applications for its management
The deadline extended until the practice prospectus is prepared in December
Juhayna achieves EGP 2bn sales, 6% revenue growth in 3Q19
Company’s muted sales growth reflected the overall pressure witnessed in F&B sector, says Pharos
Pioneers Holding to launch Al Nour Pharma, eyes acquiring pharmaceutical manufacturer
EGP 1bn allocated for new company’s expansion, says El-Tayeb
MHOT invests EGP 140m for development of Safir Dahab, expecting 33% occupancy 2H 2019/20
The company initiates arbitration proceedings against Genting Casinos for VAT due
HHD’s offering on EGX postponed to 2020 until settling management contract
ALCN, AFC listings expected to be deferred to 1Q 2020
Inflation deceleration, EGP/USD appreciation, push F&B sector to benefit: Pharos Research
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
Egypt’s first exchange market for industrial and agricultural commodities to launch within days
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
Real estate stocks take the spotlight, boosting EGX trading this week
Upward movements within a transverse range await more new catalysts
The IPO of ALCN postponed to 2020 because of weak liquidity
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%