July 30th, 2019 | 0 commentsThe unaudited financial statements of Extracted Oils & Derivatives Company (Extracted Oils) revealed an 8.3% year-on-year increase in profit during fiscal year 2018-2019. Extracted Oils registered net profits worth EGP 22.47 million since the beginning of July 2018 until the end of June 2019, compared to EGP 20.75 million in FY 2017/1...
July 19th, 2019 | 0 commentsEGX Administration announced that it will open the OPR market to recorded selling orders of El National Company for the Maize Products (NCMP) at EGP 61.69 per share. The OPR will be opened starting July 18, 2019, till ending of trading session July 25, 2019. It is worth to mention, the listing committee ratified conducting optional delist...
July 18th, 2019 | 0 commentsEgypt Free Shops announced that its board of directors recommended a cash dividend distribution of EGP 1.06 per share to shareholders for fiscal year 2018/2019. Total proposed dividends amounted to EGP 99.889 million for FY18/19, compared to EGP 85.722 million for FY17/18, the company said in a statement to the Egyptian Exchange (EGX) on...
July 16th, 2019 | 0 commentsPharos Investment Banking acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt in the sale of a controlling stake in the grocery retailer to Investec Asset Management (IAM), according to a statement on Monday. The supermarket chain has 13 outlets in Egypt, including two hypermarkets and 11 supermarkets. T...
July 7th, 2019 | 0 commentsQatar-based Al Mana Malls has announced that Landmark Group will open its popular brands Centrepoint, Home Centre, Max Fashion, Shoexpress and Steve Madden at its upcoming shopping and leisure destination, Doha Mall. Doha Mall will be home to more than 250 retail stores, with over 14 anchor stores, a new FLiK Cinemas concept, 12 cinema sc...
June 14th, 2019 | 0 commentsThe board members of Rubex International for Plastic and Acrylic Manufacturing recommended distributing bonus shares to raise the issued and paid-up capital by EGP 4.44 million. Through distributing about 889,290 bonus shares at a nominal value of EGP 5, Rubex is expected to increase its capital to EGP 100 million from EGP 95.55 million,...
May 27th, 2019 | 0 commentsEgypt Free Shops announced that its board of directors had approved the company’s estimated budget scheme for fiscal year 2019/2020. The company’s net profits after taxes are estimated to decline by 36% to EGP 80.944 million in FY19/20, compared to EGP 126.534 million in the previous year, according to a statement to the Egyptian Exchange...
May 24th, 2019 | 0 commentsMajid Al Futtaim’s retail unit has inaugurated EGP 200 million new branch in the Egyptian city of Ismailia. The new branch is the first integrated shopping mall in the city, according to a company statement released on Thursday. Located on 14,000 square metres, the new mall includes 14 different brands. Last year, CEO Alain Bejjani said t...
May 15th, 2019 | 0 commentsDubai Refreshments announced it has achieved a net profit of AED 12.19 million for the full-year 2018, compared to AED 4.02 million in 2017. Revenue increased to AED 139.5 million last year from AED 135.09 million in 2017, according to a statement. Operating income totalled AED 8.47 million in the 12-month period ended 31 December 2018, a...
April 25th, 2019 | 0 commentsPepsiCo Egypt unveiled its plans to pump investments up to $500 million within the next three years in order to increase its production. The company aims to use the funding to improve production lines and implement new technologies in offices and factories to save time and expenditure. In an interview with Al-Masry Al-Youm, PepsiCo Egypt...
