Alyaa Stohy

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Latest by Alyaa Stohy


Egypt’s FRA licenses 8 money market companies in 7M 2020

Omran added that of the eight companies: four focus on issuing securities to raise capital; one is in the fund management sector; one is in venture capital; one is in brokerage; and another has been set up as a holding company in securities portfolio establishment and management.

Alyaa Stohy

Juhayna reports 5.9% y-o-y decline in Q2 revenues

Juhayna’s net profit in Q2 of 2020 grew 9.4% to EGP 118mn, despite capital losses of EGP 20m due to the sale of unutilised agricultural assets and reduction of agricultural land. The net profit margin increased by 0.9pps to reach 6.2%.

Alyaa Stohy

MTI results fall short of expectations for Q2 of 2020

The company reported a bottom-line of EGP 103m, down 13% year-on-year (y-o-y), and down 2.9% quarter-on-quarter (q-o-q), beating consensus but short of estimate for the quarter. MTI also reported that its gross profit margin (GPM) improved 3.2pps y-o-y, but remained flat q-o-q,

Alyaa Stohy

Fawry raises capital by EGP 400m to finance expansions

The capital raise will take advantage of favourable markets conditions, whilst helping the company to accelerate its strategy in developing mobile services. The cash injection is also set to boost its acceptance of payments on all payment channels, and strengthen its integration of digital solutions.

Alyaa Stohy