Sector News

28 September 2025 07:33 PM AMOC unveils EGP 1bn cash dividends for FY24/25

Cairo - Mubasher: The shareholders of Alexandria Mineral Oils Company (AMOC) have approved EGP 1.03 billion cash dividends for the fiscal year (FY) 2024/25. Under its 21st coupon, AMOC will distribute a dividend of EGP 0.80 per share, according to …

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26 January 2025 02:25 PM AMOC's consolidated profits exceed EGP 641.5m H1-24/25

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) posted net profits after tax valued at EGP 641.64 million in the first half (H1) of fiscal year (FY) 2024/2025, an annual decline of 2.60% from EGP 658.88 million. The EGX-listed form …

Financial Results

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29 October 2024 08:18 AM AMOC sees 14% higher consolidated profits in Q1-24/25

Cairo – Mubasher: The consolidated net profits after tax of Alexandria Mineral Oils Company (AMOC) jumped by 13.70% to EGP 479.07 million in the first quarter (Q1) of fiscal year (FY) 2024/2025. The quarterly net profits were compared with EGP …

Financial Results

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15 July 2024 02:07 PM Maridive & Oil Services logs 152% YoY higher consolidated profit in Q1-24

Cairo – Mubasher: Maridive & Oil Services reported a 152% year-on-year (YoY) surge in consolidated net profit to $20.37 million in the first quarter (Q1) of 2024 from $8.08 million. Revenues jumped by 35% YoY to $56.10 million in Q1-24 from $41.57 …

Financial Results

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26 June 2024 08:36 AM AMOC eyes EGP 4.2bn revenues in FY24/25

Cairo – Mubasher: The board of Alexandria Mineral Oils Company (AMOC) greenlighted the capital budget for fiscal year (FY) 2024/2025 to nearly EGP 551.80 million, according to a bourse disclosure. The EGX-listed firm targets net profits after tax …

Financial Results

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26 May 2024 03:49 PM Maridive & Oil Services turns to profits in 2023

Cairo – Mubasher: Maridive & Oil Services shifted to a consolidated net profit of $47.69 million in 2023, against a net loss of $106.34 million a year earlier. Operating revenues soared to $186.47 million last year from $102.44 million in 2022, …

Financial Results

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30 April 2024 11:09 AM AMOC sees higher consolidated profits at EGP 1.3bn in 9M-23/24

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) logged consolidated net profits after tax amounting to EGP 1.31 billion in the nine months (9M) of fiscal year (FY) 2023/2024. The recorded net profits were higher by 19% year-on-year (YoY) …

Financial Results

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28 January 2024 03:14 PM AMOC’s consolidated profits hit EGP 918.5m in H1-23/24

Cairo – Mubasher: The consolidated net profits after tax of Alexandria Mineral Oils Company (AMOC) dropped by 9% to EGP 918.48 million in the first half (H1) of fiscal year (FY) 2023/2024 from EGP 1 billion a year earlier. The company registered …

Financial Results

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13 December 2023 00:20 PM Maridive’s turns to $29m net profits in 9M-23 consolidated results

Cairo – Mubasher: Maridive & Oil Services shifted to net profits after tax worth $29.22 million during the first nine months (9M) of 2023 from net losses of $29.09 million in 9M-22, according to the consolidated income statements. The earnings per …

Financial Results

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1 November 2023 08:30 AM AMOC’s consolidated profits up 6% in Q1-23/24

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) registered EGP 423.23 million in consolidated net profit after tax during the first quarter (Q1) of fiscal year (FY) 2023/2024. The registered net profits were higher by 6% year-on-year …

Financial Results

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4 September 2023 01:50 PM AMOC unveils cash dividends for FY22/23

Cairo – Mubasher: The board members of Alexandria Mineral Oils Company (AMOC) greenlighted a cash dividend distribution of EGP 0.60 per share for fiscal year (FY) 2022/2023. The announced cash dividends are still subject to the approval of the …

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2 August 2023 00:11 PM AMOC records higher net profits in FY22/23

Cairo – Mubasher: The consolidated net profits after tax of Alexandria Mineral Oils Company (AMOC) rose by 11% to EGP 1.32 billion during fiscal year (FY) 2022/2023. The recorded net profits were compared with EGP 1.19 billion in FY21/22, …

Financial Results

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21 June 2023 07:50 AM AMOC targets EGP 603.5m net profits in FY23/24

Cairo – Mubasher: The board members of Alexandria Mineral Oils Company (AMOC) approved the capital budget for fiscal year (FY) 2023/2024 on 19 June, according to a bourse disclosure. AMOC aims to achieve net profits after tax valued at EGP 603.50 …

Financial Results

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1 May 2023 09:50 AM AMOC posts EGP 1.41bn consolidated profits in 9M-22/23

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) generated consolidated net profits after tax worth EGP 1.41 billion in the first nine months (9M) of fiscal year (FY) 2022/2023. The registered profits were higher by 86% year-on-year (YoY) …

Financial Results

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24 January 2023 10:12 AM AMOC's profits surge in H1-FY22/23 unaudited financials

Cairo – Mubasher: The unaudited consolidated net profits of Alexandria Mineral Oils Company (AMOC) skyrocketed by 146% annually during the first half (H1) of fiscal year (FY) 2022/2023. EGX-listed AMOC registered EGP 1 billion in net profits in …

Financial Results

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27 October 2022 03:01 PM AMOC logs 74% higher earnings in Q1-FY22/23

Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) reported consolidated net profits of EGP 398.60 million during the first quarter (Q1) of fiscal year (FY) 2022/2023, a jump of 74% from EGP 229.60 million in the year-ago quarter. The …

Financial Results

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17 October 2022 00:00 PM Maridive receives offer from Ancla Marine Ship to buy unit

Cairo- Mubasher: Maridive & Oil Services announced receiving an offer from Ancla Marine Ship Management to acquire Valentine Maritime, a wholly-owned subsidiary by Maridive. The company’s board of directors will discuss the takeover offer to …

Companies Investments

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25 September 2022 00:41 PM AMOC’s exports in FY21/22 hit $294m

Cairo – Mubasher: Exports of Alexandria Mineral Oils Company (AMOC) during fiscal year (FY) 2021/2022 amounted to $294 million, Ahram Gate cited the company’s Head, Amr Lotfy, on Sunday. During FY21/22, the company produced 189,000 tonnes of oils …

Financial Results

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25 September 2022 10:40 AM AMOC nods to EGP 710.32m dividends for FY21/22

Cairo – Mubasher: The ordinary general meeting (OGM) of Alexandria Mineral Oils Company (AMOC) has approved a cash dividend distribution of EGP 710.32 million, equivalent to EGP 0.55 per share to shareholders for fiscal year (FY) 2021/2022. The …

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11 September 2022 03:23 PM Misr Chemical Industries, AMOC reply to news reporting PIF’s potential investment

Cairo – Mubasher: Misr Chemical Industries and Alexandria Mineral Oils Company (AMOC) have made two statements in line with the news reporting that Saudi Arabia's $620 billion sovereign wealth fund, the Public Investment Fund (PIF), intends to …

Companies Investments

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21 August 2022 10:32 AM AMOC’s board proposes EGP 45/shr dividends for FY21/22

Cairo – Mubasher: The board of directors of Alexandria Mineral Oils Company (AMOC) has recommended a cash dividend distribution of EGP 45 per share for fiscal year (FY) ended 30 June 2022, according to a bourse filing on Sunday. During FY21/22, …

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31 July 2022 00:13 PM AMOC logs EGP 1.23bn in net earnings during FY21/22

Cairo – Mubasher: The consolidated net profits of Alexandria Mineral Oils Company (AMOC) surged by 144.3% on an annual basis during fiscal year (FY) 2021/2022. AMOC achieved EGP 1.23 billion in net profits during FY21/22, compared with EGP 499 …

Financial Results

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3 July 2022 01:20 PM EFG Capital raises stake in Maridive

Cairo - Mubasher: EFG Capital Partners, a subsidiary of Egyptian Financial Group Hermes Holding (EFG Hermes), has raised its stake in Maridive & Oil Services to 5.32% from 8.26% in exchange for $940,000. EFG Capital has purchased 12.36 million …

Companies Investments

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15 May 2022 01:30 PM AMOC posts surge in 9M-21/22 profits

Cairo – Mubasher: The consolidated net profits of Alexandria Mineral Oils Company (AMOC) skyrocketed to EGP 761.98 million in the first nine months (9M) of fiscal year (FY) of 2021/2022 from EGP 103.31 million in the year-ago period. The company's …

Financial Results

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10 May 2022 03:46 PM Maridive’s EGM nods to 6% authorised capital cut

Cairo- Mubasher: The extraordinary general meeting (EGM) of Maridive & Oil Services approved to reduce the authorised capital to $940.51 million, according to a bourse disclosure on Tuesday. The company will decrease the capital by 5.94% from $1 …

Management Decisions