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Qalaa Holdings records total revenue of EGP 7.4bn in 2Q 2020
Qalaa’s top-line growth in 2Q 2020 was driven by Egyptian Refining Company’s (ERC) contribution of EGP 4bn during the period, constituting c.53% of Qalaa’s consolidated top-line.
Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020
Company reports EGP 10.4bn in revenues for the first quarter of the current year
Qalaa Holdings records 11% y-o-y increase in FY2019 revenues
ERC reaches 100% utilisation, sells over 3.1 mn tonnes of petroleum products
Qalaa Holdings partakes in Future of Investment Initiative in Riyadh
Heikal noted that achieving efficiency and investment flows to countries will only be achieved when governments prioritise deregulation of energy products and leave price controls to market supply and demand.
Qalaa Holdings showcases progress of “Mostakbaly” scholarship programme: Hammouda
The roundtable was chaired by the head of marketing communication at Qalaa Holding, Ghada Hammouda, at the AUC headquarters in Tahrir Square.
Qalaa Holdings records 13% y-o-y increase in revenues in 1Q19
The top-line expansion came on the back of robust results posted across its subsidiaries, especially at the Group’s energy platform with TAQA Arabia’s revenues up 41% y-o-y and Tawazon’s up by 59% y-o-y, according to Qalaa’s Tuesday press statement.
Qalaa Holdings completes final $120m ERC funding round
Refinery 99.6% complete, to reach full commercial operations during Q3 of this year
Qalaa Holdings achieves revenue growth of 25% y-o-y in 2018
On a quarterly basis, the company’s revenues grew by 34% y-o-y, reaching EGP 3.8bn during the fourth quarter (Q4) of 2018.
Ministry of Planning, Qalaa Holdings, Nile University sign protocol to boost renewable energy production
Egypt aims to increase solar energy share to 16%, wind energy to 14% of energy production, says Al-Saeed
Qalaa Holdings revenues grow by 40% y-o-y to EGP 3.3bn in Q3 2017/18
EBITDA logs 43% y-o-y increase to EGP 306m; profit EGP 160m in Q3; ERC 98.8% to hit production by 2019
Qalaa Holdings achieves 39% growth in revenues in Q2-2018
Financial result of Q2 reflects company’s effort to enhance, diversify portfolio of affiliated investments, says El-Khazindar
Qalaa Holdings to organize forum welcoming return of scholarship receivers
More than 3,0000 young people benefited Qaala Holding’s scholarships, educational initiatives
Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group
Qalaa Holdings fair value is EGP 6.34 per share: RSM Egypt
Qalaa Holdings announced that its fair value is EGP 6.34 per share estimated by RSM Egypt, the independent financial advisor (IFA), according to a press statement on Thursday. The report said that RSM Egypt completed the estimation of value report requested by Egypt’s Financial Regulatory Authority (FRA). On 24 April, the FRA had requested that Qalaa Holdings …
Qalaa’s revenues climb 48% year-over-year
EBITDA records impressive growth of 84% y-o-y
Qalaa Holdings announces its annual scholarships winners
Qalaa requires beneficiaries to return to Egypt after study
Qalaa records net loss of EGP 2.8bn in Q2 2017: chairperson
The company’s consolidated revenues increased by 25% y-o-y
Private sector competes to provide new CSR services in Egypt
Corporate Social Responsibility (CSR) has risen since the early 20th century due to the increasing separation between state ownership of production and private ownership, as well as the involvement of the private sector in the production process. The classical economic philosophy assumed that CSR is the provision of goods and services to consumers and the …
Qalaa studies restructuring ASEC Engineering to control expenses
Company is facing expense hikes on back of spare parts price increases amid plummeting currency
Qalaa revenues record EGP 1.792bn in Q3 of 2016
The company also reported a consolidated net loss after minority interest of EGP 207.6m
Qalaa’s revenues decline during Q2 of 2016
EGP 1.8bn company revenues with support from energy sector
TAQA Arabia considers establishing new 50MW-capacity solar power plant
The company is also seeking to implement a similar power plant in Aswan
Qalaa records net loss of EGP 242.7m in Q1 2016 despite 20% increase in revenues
Despite the increase in revenues, Qalaa Holdings also recorded a net loss worth EGP 242.7m, greater than the EGP 119.1m loss reported last year.
Qalaa Holdings closes sale of Misr Glass Manufacturing, United Glass Company
The sale is at a combined equity value for 100% of both MGM and UGC of EGP 828m
Qalaa Holdings divests from MGM and UGC for EGP 828m
The company has sold its shares in several companies including Sudanese Egyptian Bank and Pharos Holding
Qalaa Holding’s Gozour sells 2 businesses
Cheese products manufacturer El-Misrieen sold at EGP 50m
Qalaa seals sale and purchase of Rashidi El-Mizan
Value of transaction is EGP 518m
Qalaa’s ASEC Cement sells stakes in 2 firms to Misr Cement Qena
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November
Qalaa Holdings in negotiations to exit Sphinx Direct Investment
The structure of the deal depends on swapping Sphinx stock’s for shares in oil companies
Qalaa Holdings to introduce Rift Valley Railways at conference
The conference will shed the light on Qalaa Holdings’ planned strategy for increasing “the presence of Egyptian businesses in Africa, with a particular focus on East African nations”, a company statement read.