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18 March 09:53 AM IRSC inks power supply deal with Arabian Cement
Cairo – Mubasher: Arabian Cement Company has signed a 30-year power purchase agreement with  IRSC for renewable energy solutions to supply clean electricity generated from renewable sources. The deal covers the development, financing, …
Companies Investments
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16 March 02:58 PM Sinai Cement swings to profits in 2024; consolidated sales cross EGP 6.4bn
Cairo – Mubasher: Sinai Cement turned profitable at EGP 3.07 billion in 2024, against net losses valued at EGP 121.42 million in 2023 Net sales hiked to EGP 6.42 billion in 2024 from EGP 4.28 billion a year earlier, according to the financial …
Financial Results
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24 November 2024 01:57 PM Arab Investment Bank sells EGP 287.5m shares in Misr Beni Suef Cement
Cairo – Mubasher: Arab Investment Bank sold the majority of its stake in Misr Beni Suef Cement at a value of EGP 287.30 million, according to a bourse disclosure. The lender sold 6.11 million shares in the EGX-listed company at an average price of …
Banking and Finance
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19 November 2024 02:35 PM Misr Cement delivers solid financial performance in 9M-24; sales hit EGP 4.1bn
Cairo – Mubasher: Misr Cement – Qena posted higher consolidated net profits after tax at EGP 51.03 million in the first nine months (9M) of 2024, compared to EGP 21.75 million in 9M-23. The revenues reached EGP 4.10 billion as of 30 September …
Financial Results
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13 November 2024 02:13 PM Arabian Cement records higher net profits in 9M-24; revenues hit EGP 6.3bn
Cairo – Mubasher: Arabian Cement Company posted higher consolidated net profits after tax at EGP 664.72 million in the first nine months (9M) of 2024, compared to EGP 500.25 million in 9M-23. The sales reached EGP 6.38 billion as of 30 September …
Financial Results
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12 November 2024 04:18 PM Sinai Cement turns profitable at EGP 2.6bn in 9M-24
Cairo – Mubasher: Sinai Cement shifted to consolidated net profits worth EGP 2.60 billion in the first nine months (9M) of 2024, compared to net losses of EGP 117.91 Million in 9M-23. Total revenues hit EGP 4.44 billion as of 30 September 2024, …
Financial Results
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19 August 2024 09:02 AM Misr Cement’s H1-24 consolidated profits fall to EGP 17m
Cairo – Mubasher: Misr Cement – Qena logged consolidated net profits valued at EGP 16.93 million in the first half (H1) of 2024, an annual plunge from EGP 63.68 million. Revenues hiked to EGP 2.29 billion in H1-24 from EGP 1.90 billion a year …
Financial Results
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18 August 2024 02:25 PM Sinai Cement delivers growth in H1-24 financial results
Cairo – Mubasher: Sinai Cement swung to consolidated net profits valued at EGP 651.36 million in the first half (H1) of 2024, against net losses of EGP 79.72 million in H1-23. Net sales enlarged to EGP 2.68 billion in January-June 2024 from EGP …
Financial Results
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15 August 2024 08:00 AM Arabian Cement’s consolidated sales exceed EGP 3.1bn in H1-24
Cairo – Mubasher: Arabian Cement Company generated higher consolidated net profits at EGP 346.57 million in the first half (H1) of 2024, compared to EGP 337.09 million in H1-23. The company posted sales valued at EGP 3.14 billion in H1-24, down …
Financial Results
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18 July 2024 00:44 PM Sinai Cement unveils results for capital increase offering
Cairo – Mubasher: Sinai Cement has announced that senior shareholders have subscribed to 75.95% of its capital hike offering in the first phase. Out of 168.20 million offered shares, senior shareholders subscribed to 127.74 million shares at a …
Corporate Actions
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23 June 2024 11:49 AM South Valley Cement’s losses leap in Q1-24
Cairo – Mubasher: The net losses of South Valley Cement Company hiked to EGP 46.30 million in the first quarter (Q1) of 2024 from EGP 37.05 million in Q1-23. The company generated revenues amounting to EGP 328.37 million in the January-March 2024 …
Financial Results
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6 June 2024 00:09 PM Misr Beni Suef Cement’s net profit shrinks to EGP 41m in Q1-24
Cairo – Mubasher: Misr Beni Suef Cement’s net profit declined to EGP 41.52 million in the first quarter (Q1) of 2024 from EGP 61.36 million in the equivalent period the year before. Net sales leapt to EGP 666.59 million in Q1-24 from EGP 276.32 …
Financial Results
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2 June 2024 11:25 AM Sinai Cement swings to profitability in Q1-24
Cairo – Mubasher: Sinai Cement turned to a consolidated net profit of EGP 301.11 million during the first quarter (Q1) of 2024, versus a net loss of EGP 58.47 million in the same quarter a year earlier. Consolidated net sales declined to EGP 1.16 …
Financial Results
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29 May 2024 02:13 PM Arabian Cement posts lower consolidated profits in Q1-24
Cairo – Mubasher: Arabian Cement Company posted consolidated net profits after tax at EGP 152.64 million in the first quarter (Q1) of 2024, an annual drop from EGP 241.77 million. The revenues amounted to EGP 1.93 billion in the January-March 2024 …
Financial Results
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28 May 2024 11:10 AM Misr Cement logs EGP 32m consolidated profit in Q1-24
Cairo – Mubasher: Misr Cement – Qena posted a consolidated net profit after taxes and before non-controlling interest of EGP 32.45 million during the first quarter (Q1) of 2024, down from EGP 85.47 million in the equivalent quarter in 2023. Net …
Financial Results
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25 April 2024 09:43 AM South Valley Cement posts over EGP 194.5m losses in 2023
Cairo – Mubasher: South Valley Cement Company incurred net losses amounting to EGP 194.65 million in 2023, an annual drop from EGP 208.74 million. Sales increased to EGP 877.42 million last year from EGP 873.73 million as of 31 December 2022, …
Financial Results
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22 April 2024 10:19 AM Misr Beni Suef Cement to pay EGP 260m in dispute settlement
Cairo – Mubasher: Misr Beni Suef Cement has agreed to pay EGP 260 million to settle a contractual dispute with Arab Swiss Engineering Company (ASEC), a subsidiary of Qalaa Holdings. Under the settlement deal, Misr Beni Suef Cement will receive an …
Law
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31 March 2024 04:57 PM Sinai Cement’s consolidated loss plunges in 2023; sales hit over EGP 4bn
Cairo – Mubasher: Sinai Cement reported a consolidated net loss after tax of EGP 121.42 million in 2023, down from EGP 330.41 million a year earlier, according to a bourse filing. Net sales surged to EGP 4.28 billion last year from EGP 2.34 …
Financial Results
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6 March 2024 03:57 PM Misr Beni Suef Cement swings to profitability in 2023
Cairo – Mubasher: Misr Beni Suef Cement shifted towards profitability during the financial year 2023, recording a net profit of EGP 369.10 million, compared to a net loss of EGP 145.94 million a year earlier. Sales surged to EGP 2.03 billion last …
Financial Results
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4 March 2024 02:40 PM Misr Cement’s consolidated profit rises 12% YoY in 2023
Cairo – Mubasher: Misr Cement – Qena posted a 12% year-on-year (YoY) decline in consolidated net profit to EGP 115 million in 2023 from EGP 132 million a year earlier. The company’s consolidated net sales, on the other hand, surged 43% YoY to EGP …
Cash Dividends
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29 February 2024 00:51 PM Arabian Cement’s consolidated net profit records over EGP 697m in 2023
Cairo – Mubasher: The consolidated net profits after income tax of Arabian Cement Company surged to EGP 697.49 million in 2023 from EGP 358.98 million a year earlier. Net sales jumped to EGP 6.04 billion last year from EGP 4.67 billion in 2022, …
Financial Results
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28 February 2024 09:56 AM Sinai Cement’s authorised capital to reach EGP 10bn
Cairo – Mubasher: The extraordinary general meeting (EGM) of Sinai Cement agreed to increase its authorised capital to EGP 10 billion, according to a bourse filing. The shareholders also approved raising the issued capital by EGP 1.68 billion to …
General Assembly
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21 February 2024 10:49 AM National Investment Bank lowers stake in Misr Beni Suef for EGP 504.5m
Cairo – Mubasher: The National Investment Bank reduced its equity ownership in Misr Beni Suef Cement to 14.99% from 15.03%, according to a bourse disclosure. The lender sold 10,351 shares in the EGX-listed firm at a value of EGP 504.42 million and …
Companies Investments
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15 January 2024 02:27 PM FRA greenlights Sinai Cement’s capital hike
Cairo – Mubasher: Sinai Cement received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures under the board’s proposal in May 2023.     The EGX-listed firm plans to raise its authorised capital to …
Management Decisions
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23 November 2023 02:28 PM Arabian Cement to pay over EGP 99m dividends for 2022
Cairo – Mubasher: The board members of Arabian Cement Company approved cash dividends to shareholders valued at EGP 99.22 million for 2022. The EGX-listed firm will pay a dividend of EGP 0.26 per share, according to a bourse filing. Arabian Cement …
Cash Dividends