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19 January 2025 04:37 PM CIRA’s majority shareholder acquires 37.5% additional equity, backs regional expansion
Cairo – Mubasher: Social Impact Capital, the majority shareholder of 51.20% in Cairo for Investment and Real Estate Development (CIRA Education), is in the process of acquiring an additional 37.50% stake in CIRA through a mandatory takeover offer …
Companies Investments
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14 January 2025 05:48 PM CIRA Education launches Middle East’s 1st initiative for care economy
Cairo – Mubasher: Cairo for Investment and Real Estate Developments (CIRA Education) has launched CIRA Care to be the first initiative in the Middle East dedicated to revolutionising the care economy. The transformative project focuses on …
Global Economy
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2 January 2025 04:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included
Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …
Global Economy
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10 November 2024 02:40 PM Suez Canal Technology logs EGP 1.3bn consolidated profits in FY23/24
Cairo – Mubasher: The consolidated net profits of Suez Canal Company for Technology Settling hiked to EGP 1.32 billion in fiscal year (FY) 2023/2024 from EGP 860.81 million in FY22/23. The EGX-listed firm posted revenues amounting to EGP 2.07 …
Financial Results
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4 November 2024 11:45 AM Taaleem Management’s revenues cross EGP 1.2bn in FY23/24
Cairo – Mubasher: The consolidated net profits of Taaleem Management Services hiked to EGP 551.81 million during fiscal year (FY) 2023/2024 from EGP 299.45 million in FY22/23. Revenues amounted to EGP 1.21 billion in FY23/24, up year-on-year (YoY) …
Financial Results
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3 October 2024 03:10 PM Palm Hills mulls stake acquisition in Macor, Taaleem
Cairo – Mubasher: Palm Hills Developments Company announced a capital reduction by cancelling treasury shares totalling 61.68 million shares, according to a bourse disclosure. The board members also decided, on 1 October, to purchase the share of …
Real estate
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22 September 2024 11:07 AM Mansour raises stake in Taaleem Management for over EGP 505.5m
Cairo – Mubasher: Yasseen Ibrahim Lutfi Mansour increased its 9.96% equity ownership in Taaleem Management Services to 18.30% at a value of EGP 505.60 million. Mansour purchased 60.91 million shares in the EGX-listed firm at an average price of …
Companies Investments
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3 July 2024 01:07 PM Egypt's sovereign fund, Al Ahly CIRA seal deal to launch 4 int’l universities
Cairo – Mubasher: Egypt Education Development Fund, a sub-fund of The Sovereign Fund of Egypt’s (TSFE), has signed a shareholders’ agreement with and Al Ahly CIRA for Educational Services to establish a new company to develop four new …
Companies Investments
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9 June 2024 01:15 PM Madinet Masr, CIRA Education introduce Project Kayan in Taj City
Cairo – Mubasher: Madinet Masr Housing and Development has announced Project Kayan in collaboration with Lemania Swiss International School (LSIS), managed by CIRA Education’s subsidiary Eduhive, and Klub Kayan, operated by Blue Ribbon in Taj …
Real estate
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24 April 2024 04:01 PM Taaleem Management posts EGP 358m consolidated profit in H1-23/24
Cairo – Mubasher: Taaleem Management Services reported a consolidated net profit after tax of EGP 357.86 million during the first half (H1) of the fiscal year (FY) 2023/2024 from EGP 192.08 million in the similar period a year earlier. Revenues …
Financial Results
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21 April 2024 04:07 PM Suez Canal Technology delivers growth in H1-23/24 financial results
Cairo – Mubasher: Suez Canal Company for Technology Settling achieved consolidated net profits after tax amounting to EGP 716.75 million in the first half (H1) of fiscal year (FY) 2023/2024. The recorded net profits were higher year-on-year (YoY) …
Financial Results
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17 January 2024 09:13 AM Taaleem Management records leap in Q1-23/24 net profits
Cairo – Mubasher: Taaleem Management Services logged consolidated net profits after tax amounting to EGP 220.72 million in the first quarter (Q1) of fiscal year (FY) 2023/2024, versus EGP 107.99 million in Q1-22/23. Earnings per share (EPS) stood …
Financial Results
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16 January 2024 00:02 PM Suez Canal Technology’s consolidated profits exceed EGP 545m in Q1-23/24
Cairo – Mubasher: The consolidated profits after tax of Suez Canal Company for Technology Settling increased to EGP 545.17 million in the first quarter (Q1) of fiscal year (FY) 2023/2024 from EGP 411.03 million in Q1-22/23. Basic earnings per …
Financial Results
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29 October 2023 09:03 AM Suez Canal Technology records hike in FY22/23 results; dividends unveiled
Cairo – Mubasher: Suez Canal Company for Technology Settling posted consolidated net profits after tax valued at EGP 860.81 million during fiscal year (FY) 2022/2023, an annual hike from EGP 597.30 million, including non-controlling interest. The …
Cash Dividends
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13 July 2023 04:23 PM Suez Canal Technology posts higher net profits in 9M-22/23
Cairo – Mubasher: The consolidated net profits after tax of Suez Canal Company for Technology Settling hit EGP 774.91 million during the first nine months (9M) of fiscal year (FY) 2022/2023. The recorded net profits were higher year-on-year (YoY) …
Financial Results
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19 April 2023 03:52 PM Taaleem Management achieves EGP 192m consolidated profits in H1-22/23
Cairo – Mubasher: Taaleem Management Services witnessed higher consolidated net profits after tax at EGP 192.08 million in the first half (H1) of fiscal year (FY) 2022/2023, versus EGP 139.48 million in H1-21/22, including non-controlling …
Financial Results
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19 April 2023 11:46 AM Suez Canal Technology logs EGP 608.5m consolidated profits in H1-22/23
Cairo – Mubasher: Suez Canal Company for Technology Settling posted consolidated net profits after tax worth EGP 608.40 million during the first half (H1) of fiscal year (FY) 2022/2023, an annual hike from EGP 456.04 million, including minority …
Financial Results
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16 January 2023 09:46 AM Suez Canal Technology sees higher profits in Q1-FY22/23
Cairo – Mubasher: The consolidated profits of Suez Canal Company for Technology Settling netted EGP 411.03 million during the first quarter (Q1) of fiscal year (FY) 2022/2023, compared to EGP 285.55 million in the year-ago quarter. Basic earnings …
Financial Results
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15 January 2023 09:57 AM Taaleem Management reports higher profits in Q1-FY22/23
Cairo – Mubasher: The consolidated profits of Taaleem Management Services skyrocketed by 50.20% yearly during the first quarter (Q1) of fiscal year (FY) 2022/2023 to EGP 107.99 million, compared to EGP 71.87 million. Earnings per share (EPS) stood …
Financial Results
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26 December 2022 10:24 AM Waha Investment cuts stake in CIRA for EGP 170.7m
Cairo – Mubasher: Waha Investment Management Company has lowered its stake in Cairo for Investment and Real Estate Development (CIRA) to 2.81% from 5.03% for a total value of EGP 170.71 million. Waha Investment has sold 12.93 million shares in …
Real estate
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4 December 2022 00:01 PM Egyptian Modern Education’s OGM approves EGP 100m loan
Cairo - Mubasher: The ordinary general meeting (OGM) of the Egyptian Modern Education Systems has unanimously approved interest-free financing not exceeding EGP 100 million.   The financing will be granted by the board of directors to start …
Banking and Finance
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6 November 2022 09:59 AM CIRA closes 1st issue of future flow securitisation multi-issuance programme at EGP 800m
Cairo – Mubasher: Cairo for Investment and Real Estate Development (CIRA) has successfully closed the first issue of Egypt’s first future flow securitisation multi-issuance programme The programme's first issue stood at EGP 800 million, according …
Macroeconomics
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31 October 2022 11:56 AM Shareholder raises stake in Taaleem for EGP 3.45/shr
Cairo – Mubasher: Shareholder Mohamed Tarek Mohamed Mohamed Ismail has raised his ownership in Taaleem Management Services to 5.03% from 1.73%. The shareholder purchased 4.81 million shares at a total value of EGP 16.61 million or an average share …
Mergers and Acquisitions
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31 October 2022 08:28 AM Waha Capital ups stake in CIRA for EGP 48.18m
Cairo – Mubasher: Waha Capital for Investments has increased its stake in Cairo for Investment and Real Estate Development (CIRA) to 5.05% from 4.41%. Waha Capital bought 3.75 million shares in CIRA at a total value of EGP 48.18 million, …
Real estate
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30 October 2022 10:14 AM Taaleem achieves higher profits in FY21/22
Cairo – Mubasher: Taaleem Management Services achieved EGP 230.19 million in net earnings during fiscal year (FY) 2021/2022, up from EGP 185.31 million in FY20/21, including minority shareholders’ rights. Basic and diluted earnings per share (EPS) …
Financial Results