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03 April 01:03 PM

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11 June 2025 03:26 PM Cleopatra Hospitals Group obtains regulatory nod for capital reduction
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 …
Companies Investments
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23 April 2025 08:57 AM Premium Healthcare unveils capital hike to EGP 2.3bn
Cairo – Mubasher: The ordinary general meeting (OGM) of Premium Healthcare Group approved increasing the issued and paid-up capital from EGP 81.48 million to EGP 2.36 billion. The group will raise its capital by EGP 2.28 billion, distributed over …
Corporate Actions
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3 March 2025 08:31 AM EIPICO’s consolidated profits leap 33% in 2024
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) logged net profits after tax worth EGP 1.09 billion in 2024, up 33% year-on-year (YoY) from EGP 823 million. Total net sales jumped by 45% to EGP 7.59 billion at the end …
Financial Results
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1 December 2024 01:08 PM Premium Healthcare signs EGP 195m purchase deal with Saudi firm
Cairo – Mubasher: Premium Healthcare Group inked a contract, on 28 November 2024, to purchase shares of the Saudi Distinguished Diagnostics Company at a value of EGP 194.97 million. The shares’ value will be recorded as a credit balance for the …
Companies Investments
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19 November 2024 03:31 PM GSK Egypt posts EGP 106m consolidated profits in 9M-24
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) registered an annual growth in consolidated net profit after tax to EGP 105.82 million during the first nine months (9M) of 2024, versus EGP 46.73 million. The company generated net sales valued at EGP …
Financial Results
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23 October 2024 00:28 PM Rameda eyes EGP 2bn acquisition deals
Cairo – Mubasher: Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) aims to invest EGP 2 billion in new drug acquisitions, according to a bourse disclosure. Rameda also highlighted that the issued capital of its …
Companies Investments
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19 August 2024 02:22 PM GSK Egypt’s net profits hike in H1-24
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) posted consolidated net profits amounting to EGP 92.55 million in the first half (H1) of 2024, versus EGP 19.57 billion in H1-23. Net revenues reached EGP 1.35 billion in H1-24, higher year-on-year …
Financial Results
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30 May 2024 01:50 PM EIPICO’s consolidated profit jumps to EGP 603m in Q1-24
Cairo – Mubasher: The consolidated net profit of Egyptian International Pharmaceutical Industries (EIPICO) soared to EGP 603.62 million in the first quarter (Q1) of 2024 from EGP 188.41 million in the same period a year earlier. Net sales surged …
Financial Results
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30 May 2024 01:24 PM IDH logs EGP 401m consolidated profits in Q1-24
Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) posted a consolidated net profit of EGP 401.60 million during the first quarter (Q1) of 2024, up from EGP 168.38 million in the equivalent period of 2023. Revenues jumped to EGP 1.17 billion …
Financial Results
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28 May 2024 07:52 AM Goldman Sachs raises equity ownership in Cleopatra Hospitals Group
Cairo – Mubasher: Goldman Sachs International, a subsidiary of the Goldman Sachs Group, increased its 4.99% stake in Cleopatra Hospitals Group to 5.12%. The unit purchased 1.70 million shares from the medical group in exchange for EGP 10.39 …
Companies Investments
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27 May 2024 00:11 PM Investor buys EGP 1.3bn stake in Minapharm Pharmaceuticals
Cairo - Mubasher: The Egyptian Exchange (EGX) on Monday announced the acquisition of 6.36 million shares in Minapharm Pharmaceuticals in a block-trading transaction. The deal has a total value of EGP 1.27 billion. Block-trading transactions …
Trading Activities
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27 May 2024 11:57 AM UAE’s Premium Diagnostics acquires EGP 60m stake in City Medical Lab
Cairo – Mubasher: Premium Diagnostics LCC acquired a 9.37% equity ownership in City Medical Laboratory at a value of EGP 60 million, according to a bourse disclosure. The UAE-based entity purchased 60 million shares in the EGX-listed firm at an …
Mergers and Acquisitions
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26 May 2024 04:04 PM Cleopatra Hospitals Group’s consolidated profit jumps to over EGP 204m in Q1-24
Cairo – Mubasher: Cleopatra Hospitals Group posted a consolidated net profit after tax of EGP 204.62 million during the first quarter (Q1) of 2024, up from EGP 106.58 million in the comparative period a year earlier. Revenues soared to EGP 1.18 …
Financial Results
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15 May 2024 10:22 AM GSK Egypt turns to loss in Q1-24
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) turned to a consolidated net loss of EGP 8.98 million in the first quarter (Q1) of 2024, versus a net profit of EGP 13.81 million in the corresponding quarter a year earlier. Consolidated net sales …
Financial Results
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30 April 2024 09:08 AM GSK Egypt obtains shareholders’ nod for 2023 cash dividends
Cairo – Mubasher: GlaxoSmithKline (GSK Egypt) plans to disburse cash dividends valued at EGP 0.75 per share for 2023, according to a bourse filing. The board members greenlighted the cash dividends last March, while the shareholders granted their …
Cash Dividends
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22 April 2024 10:09 AM Cleopatra Hospitals Group’s shareholders approve EGP 56m dividends
Cairo – Mubasher: The shareholders of Cleopatra Hospitals Group greenlighted cash dividends distribution valued at EGP 55.95 million for 2023, according to a bourse filing. The board passed the annual dividends last March, while the shareholders …
Cash Dividends
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18 April 2024 02:20 PM Cleopatra Hospitals, Fawaz Al Hokair’s unit partner to support healthcare in Saudi Arabia
Cairo – Mubasher: Cleopatra Hospitals Group (CHG), has entered into a strategic partnership with Mumtada Medical Care Company, the healthcare arm of Saudi Arabia’s Fawaz Abdulaziz Al-Hokair Company (Cenomi Retail), to launch 200-bed rehabilitation …
Global Economy
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8 April 2024 10:32 AM EIPICO unveils cash dividends
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) announced a cash dividend distribution of EGP 2 per share, according to a bourse disclosure. The dividends will be disbursed in two equal installments on 30 April and 29 …
Cash Dividends
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28 March 2024 02:15 PM IDH’s consolidated profit dips 11% YoY in 2023
Cairo – Mubasher: Integrated Diagnostics Holdings (IDH) recorded an 11% year-on-year (YoY) decline in consolidated net profit to EGP 468 million in 2023 from EGP 527 million. Revenues increased by 14% YoY to EGP 4.12 billion last year from EGP …
Board of Directors
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25 March 2024 11:28 AM Macro Group secures EGP 65m loan from FABMISR
Cairo – Mubasher: The board members of Macro Group Pharmaceuticals - Macro Capital agreed to renew short-term financing from First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB. The board greenlighted the EGP 65 million …
Banking and Finance
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17 March 2024 00:49 PM Cleopatra Hospitals Group’s consolidated profit hits EGP 470m in 2023; dividends ratified
Cairo – Mubasher: Cleopatra Hospitals Group posted a consolidated net profit after tax of EGP 469.29 million in 2023, up from EGP 356.73 million a year earlier. Consolidated revenues surged to EGP 3.59 billion last year from EGP 2.58 billion in …
Financial Results
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4 March 2024 05:01 PM GSK Egypt’s consolidated profits plunge to EGP 60m in 2023; dividends approved
Cairo – Mubasher: GlaxoSmithKline’s (GSK Egypt) consolidated net profit plunged to EGP 60.47 million in 2023 from EGP 735.39 million a year earlier. Consolidated net sales soared to EGP 2.24 billion last year from EGP 1.82 billion in 2022, …
Mergers and Acquisitions
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29 February 2024 11:44 AM EIPICO’s consolidated profit hits EGP 823m in 2023
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) registered a consolidated profit for the year after tax of EGP 823.30 million in 2023 from EGP 643.76 million a year earlier. Net sales surged to EGP 5.23 billion last …
Financial Results
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12 February 2024 10:30 AM EIPICO reports EGP 5bn sales in 2023, eyes EGP 6.5n revenues in 2024
Cairo – Mubasher: Egyptian International Pharmaceutical Industries (EIPICO) surpassed the set targets with total sales exceeding EGP 5 billion in 2023, according to a press release. Initial estimates indicate export revenues of around $54 million, …
Financial Results
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1 February 2024 03:42 PM Cleopatra Hospitals Group rolls out EGP 2bn investment plans
Cairo – Mubasher: Cleopatra Hospitals Group plans to invest around EGP 2 billion over the next 18 months to boost capital expenditures (CAPEX), according to a press release. The group underlined that the investment represents a strategic portion …
Companies Investments