September 30th, 2019 | 0 commentsAbu Qir Fertilizers announced that its shareholders approved raising the cash dividend for fiscal year 2018/2019 to EGP 1.3 per share instead of the proposed EGP 1.1 during an ordinary general meeting (OGM). The dividends will be paid in two tranches; the first tranche amounts to EGP 0.30 a share and will be paid on 24 October and the sec...
September 19th, 2019 | 0 commentsThe Saudi Arabian Fertilizer Company (SAFCO) announced that the feedstock supplies to the company’s plants have reached normal levels as of Wednesday, 18 September 2019. Following the evaluation of the final effects, no financial impacts were determined, SAFCO said in a filing to the Saudi Stock Exchange (Tadawul) on Wednesday. On Tuesday...
September 19th, 2019 | 0 commentsThe board of directors of Upper Egypt Flour Mills recommended a cash dividend distribution of EGP 11 per share for fiscal year 2018/2019. The total value of proposed dividends amounted to EGP 77 million, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday. The company’s capital reaches EGP 70 million, distributed o...
September 18th, 2019 | 0 commentsFarm Frites Egypt has launched its latest plant in 10th of Ramadan City with investments of about $40 million. Spanning over 9,300 square metres, the new plant will create 100 direct jobs and more than 5,000 indirect jobs, managing director of Farm Frites Egypt, Ahmed Seddiq, said in a statement released by the Ministry of Investment and...
September 13th, 2019 | 0 commentsThe United Bank injected syndicated loans worth EGP 880 million during the first eight months of 2019, the lender’s chairman Ashraf El-Kady said. Such funding include loans valued at $20 million, EGP 400 million, and EGP 150 million directed to agricultural and food sectors, El-Kady told Mubasher. In addition, the bank considers contribut...
August 15th, 2019 | 0 commentsCairo Poultry’s consolidated financial statements showed a 176.3% year-on-year profit hike during the first six months of 2019. The company’s consolidated profit reached EGP 127.47 million in H1-19, compared to EGP 46.13 million in the year-ago period. Sales went up to EGP 2.34 billion from January to the end of June, from EGP 2.25 billio...
July 23rd, 2019 | 0 commentsSaudi Arabian Fertilizer Company (SAFCO) disclosed its interim financial results for the second quarter of 2019. Net profits after zakat and tax declined by 7.3% to SAR 380.4 million in Q2-19, compared to SAR 410.46 million in Q2-18, according to a bourse filing on Monday. The company attributed the drop in profits to the decrease in quan...
July 16th, 2019 | 0 commentsQalaa Holdings is planning to inject investments worth EGP 400 million to Dina Farms, the company’s chief marketing officer Ghada Hammouda said. The leading investment company in the Middle East has invested about EGP 500 million in Dina Farms until now, Hammouda added during a tour of Dina Farms in the Cairo-Alexandria desert road. In 20...
July 16th, 2019 | 0 commentsQalaa Holdings plans to increase revenue from Dina Farms to EGP 950 million in 2019 from EGP 650 million a year earlier, the company’s chairman Ahmed Heikal said. Over the next three years, the Egyptian investment company aims to invest EGP 400 million in Dina Farms, Heikal revealed during an event organised on Monday. Such investments wi...
July 3rd, 2019 | 0 commentsMiddle Egypt Flour Mills reported a 5.8% year-on-year profit retreat during the first 11 months of fiscal year 2018/2019, the company’s board of directors said. Net profits stood at EGP 123.8 million from July to last May, compared to EGP 131.5 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX)...
