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06 December 12:04 AM

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6 April 11:09 AM Gadwa’s consolidated profits exceed EGP 1.6bn in 2024
Cairo – Mubasher: Gadwa for Industrial Development reported an annual hike in consolidated net profit to EGP 1.62 billion as of 31 December 2024, compared to EGP 1.45 billion. Earnings per share (EPS) attributable to the holding company amounted …
Financial Results
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25 March 10:25 AM Electro Cable Egypt sees higher profits in 2024; consolidated revenues cross EGP 13.7bn
Cairo – Mubasher: The consolidated net profit of Electro Cable Egypt hit EGP 1.32 billion in 2024, up year-on-year (YoY) from EGP 1.24 billion. Revenues increased to EGP 13.77 billion last year from EGP 8.67 billion in 2023, according to the …
Financial Results
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3 March 09:19 AM GB Corp records EGP 3bn consolidated profit in 2024
Cairo – Mubasher: GB Corp posted consolidated net profits after income tax worth EGP 3.05 billion in 2024, higher by 68.90% year-on-year (YoY) than EGP 1.81 billion, including minority interest. Total revenues hit EGP 53.96 billion as of 31 …
Financial Results
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26 November 2024 10:43 AM Electro Cable Egypt’s sales exceed EGP 10.6bn in 9M-24; net profits leap
Cairo – Mubasher: Electro Cable Egypt posted net profits valued at EGP 1.30 billion in the first nine months (9M) of 2024, compared to EGP 955.41 million in 9M-23. Total consolidated sales hit EGP 10.68 billion as of 30 September 2024, up …
Financial Results
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18 November 2024 10:47 AM GB Corp sees 41% higher net profits in 9M-24; sales reach EGP 35.4bn
Cairo – Mubasher: The consolidated net profits of GB Corp hiked by 41.20% to EGP 1.79 billion in the first nine months (9M) of 2024 from EGP 1.27 billion in 9M-23. Total sales revenues hit EGP 35.40 billion as of 30 September 2024, up 81.40% …
Financial Results
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17 November 2024 10:13 AM Elsewedy Electric’s profits surge 64% in 9M-24; revenues hit EGP 164.8bn
Cairo – Mubasher: The net income after the minority of Elsewedy Electric Company hiked by 64.20% to EGP 13.25 billion in the first nine months (9M) of 2024 from EGP 8.07 billion in 9M-23. Total consolidated revenues hit EGP 164.80 billion as of 30 …
Financial Results
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8 October 2024 02:36 PM Elsewedy Electric, Modon Holding team up to implement Ras El Hikma project
Cairo – Mubasher: Elsewedy Electric Company inked an agreement with UAE's Modon Holding as part of the development of the Ras El Hikma project. The two parties will join forces to supply building materials to the project, according to a bourse …
Companies Investments
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26 September 2024 07:53 AM Elsewedy Electric announces $1bn project with SEC
Cairo – Mubasher: Elsewedy Electric Company has implemented a power generation station with a total capacity of around 1,200 megawatts (MW) using a combined cycle system in the Saudi city of Rabigh. The project includes the participation of Saudi …
Companies Investments
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20 August 2024 01:41 PM Electro Cable Egypt logs EGP 1bn consolidated profits in H1-24
Cairo – Mubasher: Electro Cable Egypt registered consolidated net profits amounting to EGP 1 billion in the first half (H1) of 2024, marking a leap from EGP 539.18 million in H1-23. Total revenues reached EGP 6.64 billion in H1-24, higher …
Financial Results
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18 August 2024 02:58 PM GB Corp registers EGP 1.1bn consolidated profits in H1-24
Cairo – Mubasher: GB Corp registered consolidated net profits amounting to EGP 1.10 billion in the first half (H1) of 2024, marking a leap from EGP 652.63 million in H1-23. Total revenues reached EGP 19.18 billion in H1-24, higher year-on-year …
Financial Results
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18 August 2024 01:59 PM Elsewedy Electric’s consolidated profits exceed EGP 9bn in H1-24
Cairo – Mubasher: Elsewedy Electric Company posted consolidated net profits amounting to EGP 9.10 billion in the first half (H1) of 2024, versus EGP 6.15 billion in H1-23. Net revenues reached EGP 102.62 billion in H1-24, up year-on-year (YoY) …
Financial Results
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14 July 2024 03:54 PM Elsewedy Electric unveils QAR 1bn contract with Qatar’s Kahramaa
Cairo – Mubasher: Elsewedy Cables Qatar, the sister company of Egypt’s Elsewedy Electric Company has signed a contract valued at QAR 1 billion with Qatar General Electricity & Water Corporation (Kahramaa), according to a bourse filing. The …
Companies Investments
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10 July 2024 01:04 PM IHC’s unit completes nearly 20% equity acquisition in Elsewedy Electric; value unveiled
Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …
Mergers and Acquisitions
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7 July 2024 11:15 AM EGX extends period for Elsewedy Electric’s acquisition offer
Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …
Mergers and Acquisitions
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12 June 2024 07:17 AM GB Corp’s ITAMCO, Helwan Company partner to produce Qute vehicle
Cairo – Mubasher: The International Company for Trade, Marketing, and Commercial Agencies (ITAMCO), a subsidiary of GB Corp, has signed an agreement with Helwan Company for Machinery and Equipment (999 military factory) to assemble and manufacture …
Companies Investments
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9 June 2024 10:42 AM Electro Cable Egypt’s consolidated profit leaps to EGP 535m in Q1-24
Cairo – Mubasher: Electro Cable Egypt posted a consolidated net profit of EGP 535.32 million in the first quarter (Q1) of 2024, up from EGP 202.17 million in the equivalent period a year earlier. Consolidated sales jumped to EGP 3.07 billion in …
Financial Results
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6 June 2024 10:30 AM Elsewedy Electric’s consolidated profit leaps 33% YoY in Q1-24
Cairo – Mubasher: Elsewedy Electric Company has reported a 33.33% year-on-year (YoY) surge in consolidated net profit to EGP 4.23 billion in the first quarter (Q1) of 2024 from EGP 3.17 billion. Consolidated revenues soared 35.70% YoY to EGP 45.24 …
Financial Results
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2 June 2024 01:56 PM EGX announces details for Elsewedy Electric’s acquisition offer
Cairo – Mubasher: The Egyptian Exchange (EGX) has released details of the non-binding offer (NBO) for the acquisition of between 15% and 24.50% of Elsewedy Electric Company by the UAE’s Electra Investment Holding. The NBO sets the price of …
Mergers and Acquisitions
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30 May 2024 07:46 AM GB Corp’s profits skyrocket in Q1-24; revenues hit EGP 9bn
Cairo – Mubasher: GB Corp logged consolidated net profits after tax and minority interest amounting to EGP 626.33 million in the first quarter (Q1) of 2024, an annual leap of 481.60% from EGP 107.69 million. The group revenues hit EGP 9 billion in …
Financial Results
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19 May 2024 02:25 PM UAE’s Electra Investment offers to buy up to 24.5% of Elsewedy Electric
Cairo – Mubasher: UAE’s Electra Investment Holding has submitted an offer to acquire up to 24.50% of Elsewedy Electric Company. Under the offer submitted to the Financial Regulatory Authority (FRA), Electra Investment seeks to buy around 531.48 …
Mergers and Acquisitions
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22 April 2024 03:53 PM Elsewedy Electric’s shareholders nod for EGP 30m capital cut, over EGP 1bn dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Elsewedy Electric Company agreed to disburse EGP 0.50 per share as a cash dividend for 2023. The company will pay out a total amount of EGP 1.06 billion to the eligible equityholders of …
Management Decisions
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21 March 2024 02:07 PM Elsewedy Electric ups credit facility deal with Afreximbank to $300m
Cairo – Mubasher: Elsewedy Electric Company’s board approved increasing a revolving facility agreement with the African Export-Import Bank (Afreximbank) to $300 million. The agreement was also signed with Elsewedy Electric for Transmission and …
Banking and Finance
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13 March 2024 11:38 AM Elsewedy Electric logs 87% YoY higher consolidated profit in 2023; dividends ratified
Cairo – Mubasher: Elsewedy Electric Company posted an 86.70% year-on-year (YoY) surge in consolidated net profit after minority interest to EGP 10.11 billion in 2023 from EGP 5.41 billion. Consolidated revenue soared 65.10% YoY to EGP 152.18 …
Cash Dividends
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12 March 2024 02:01 PM FABMISR partners with Drive Finance to foster payment solutions in Egypt
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), an Egypt-based unit of the ADX-listed FAB, has entered into a partnership with Drive Finance, a subsidiary of GB Capital owned by GB Corp. This collaboration will witness the integration of …
Companies Investments
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3 March 2024 03:13 PM GB Corp’s consolidated profit tumbles 83% YoY in 2023
Cairo – Mubasher: GB Corp’s consolidated net profit after tax dropped 82.80% year-on-year (YoY) to EGP 1.81 billion in 2023 from EGP 10.53 billion a year earlier. Consolidated operating revenues declined to EGP 28.31 billion last year from EGP …
Cash Dividends