Cairo – Mubasher: Orascom Construction logged a consolidated backlog of $9.60 billion in the first half (H1) of 2025, according to the financial results.Earnings before interest, taxes, depreciation, and amortization (EBITDA) hit $139.40 million at t
Dubai – Mubasher: Emaar Properties achieved a net profit before tax worth AED 10.40 billion ($2.80 billion) in the first half (H1) of 2025, recording a growth of 34% compared to H1-24, according to a press release.In terms of sales growth, the UAE re
Cairo – Mubasher: The board members of Orascom Construction approved transferring its primary share listing to the Abu Dhabi Securities Exchange (ADX) while maintaining its secondary listing on the Egyptian Exchange (EGX).Subject to the approval of t
Mubasher: EFG Hermes, an EFG Holding Company, closed its advisory on the $500 million initial public offering (IPO) of Specialized Medical Company (SMC), marking its third IPO in the healthcare sector over the past 12 months.The company began trading
Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with Waheej for Real Estate to expand its presence in the Saudi real estate market. Madinet Masr and the licensed Saudi real estate developer will …
Abu Dhabi – Mubasher: Abu Dhabi Ports Company (AD Ports) inked three heads of terms (HoTs) with Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY)for strategic maritime and ports projects. The two parties seek to set up a joint venture …
Abu Dhabi – Mubasher: International Holding Company (IHC) has launched Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in Abu Dhabi Global Market (ADGM). The new brand supports the objectives of IHC, …
Cairo – Mubasher: UAE-based Nas Investment Holding raised its equity ownership in Samad Misr (Egyfert) to 51.47% from 32.39%, according to a bourse filing. Nas purchased 1.83 million shares in the EGX-listed firm at a total value of EGP 186.77 …
Cairo – Mubasher: Cleopatra Hospitals Group obtained the Financial Regulatory Authority’s (FRA) approval to reduce its capital to EGP 721.89 million from EGP 722.71 million. The group will cut its issued capital by EGP 824,288 through cancelling …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) aims to generate total sales of EGP 120 billion from the Sharm Bay project over its lifespan, according to a bourse disclosure. Located near the group-owned Four Seasons Resort …
Cairo – Mubasher: Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. …
Abu Dhabi – Mubasher: Aldar Properties joined forces with King’s College School Wimbledon to establish its first regional campus on Abu Dhabi’s Fahid Island, according to a press release. After securing regulatory approvals, the new K-12 …
Abu Dhabi – Mubasher: Multiply Group has launched Multiply Media Group (MMG) to fuel its global expansion plans, according to a recent press release. The ADX-listed group united the three market-leading out-of-home (OOH) companies under its …
Cairo – Mubasher: Forbes Middle East and Beltone Holding partnered to launch the Top Advisors & Investors Summit, which is set to be held in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to …
Abu Dhabi – Mubasher: NMDC LTS, a wholly owned subsidiary of National Marine Dredging Company (NMDC), acquired a 70% stake of the share capital and voting rights in Emdad, according to a press release This move aligns with NMDC’s strategy to drive …
Cairo – Mubasher: Egyptian Chemical Industries (Kima) logged net profits after tax valued at EGP 811.65 million in the first nine months (9M) of fiscal year (FY) 2024/25, an annual hike from EGP 102.28 million. Basic earnings per share (EPS) …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a unit of the UAE-listed FAB, has led a syndicated loan worth EGP 4.20 billion for Redcon Properties, according to a press release. The loan will be used to finance the execution of the …
Cairo – Mubasher: Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has launched a new branch in the Sokhna Industrial Zone, according to a press release. Ahmed Saad, CEO of the General Authority of the Suez Canal …
Cairo – Mubasher: Egyptian Financial and Industrial (EFIC) reported 6% year-on-year (YoY) higher consolidated net profit after tax at EGP 456.11 million in the first quarter (Q1) of 2025. The generated earnings were compared to EGP 428.49 million, …
Cairo – Mubasher: Golden Pyramids Plaza logged standalone net profits after tax worth $43.66 million in 2024, marking an annual hike from $28.33 million. Revenues jumped to $92.12 million last year from $80.63 million in 2023, according to the …
Cairo – Mubasher: Orascom Construction posted lower consolidated net profits at $27.10 million in the first quarter (Q1) of 2025, compared to $49.80 million in Q1-24.Revenues climbed to $847.60 million in Q1-15 from $766.30 million a year earlier, ac
Mubasher: Beyti, an Almarai Company subsidiary, has secured a sustainable linked loan agreement amounting to EGP 1.80 billion from HSBC Bank, according to a press release.The loan aligns with Beyti’s commitment to driving sustainability, reducing its
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) signed a deal with the Omani Ministry of Housing and Urban Planning to develop two projects in Oman, according to a press release. Hisham Talaat Moustafa, Chairman of Talaat …
Cairo – Mubasher: Fintech group Aman Holding, a subsidiary of the listed Raya, has achieved revenues of EGP 6.40 billion in 2024, marking a 41% increase compared to 2023.The company also unveiled a revenue of EGP 1.70 billion in the first quarter (Q1
