Alyaa Stohy

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Latest by Alyaa Stohy


RTVC close to obtaining EGP 3.3bn of syndicated loan

The funding will be provided in two tranches, with the first tranche amounting to a total of EGP 2.438bn. The first tranche of funding will be directed to financing lease contracts for the Technolease Leasing Company, at an amount of EGEP 2.138bn. A further EGP 300m will be provided by Banque Misr, to pay a debt incurred by RTVC.

Alyaa Stohy

EFG Hermes 18% YoY growth in net profit during Q3 of 2020

Revenues for the quarter came in at EGP 1.4bn, up 21% YoY. Revenues were buoyed by strong performance from EFG Hermes’ buy-side platform on the back of strong revenues at the Private Equity division on realized incentive fees of EGP 349m following the exit from Vortex Solar

Alyaa Stohy

GB Auto’s Rseedy obtains first e-wallet licence in Egypt

The entity will work in cooperation with saib Bank, with an announcement regarding the new services expected to be made this week. As previously announced, GB Auto aims to integrate Rseedy within its current NBFS platform, as the company recently also obtained licences for nano-finance, micro-finance, and consumer finance services

Alyaa Stohy

Abu Qir Fertilizers to report strong results in 1Q FY21

The company’s top-line is estimated to come in at EGP 2.069bn, reflecting unchanged results quarter-on-quarter (q-o-q), but a rise of 4% year-on-year (y-o-y). Gross margins are set to register 43.6%, reflecting a rise of 10.9% q-o-q and 6.1% y-o-y.

Alyaa Stohy

Delta Sugar posts losses in Q3 of 2020 due to weak demand

The company’s gross margin plummeted to -17.0% versus 23.3% and 2.6% in Q2 of 2020 and Q3 of 2019, respectively. It also recorded a net loss of EGP 114.4m during the quarter, compared to a profit of EGP 170.9m during Q2 of 2020, and losses of EGP 57.5m in Q3 of 2019.

Alyaa Stohy