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13 January 04:02 PM

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25 March 2025 05:42 PM Telecom Egypt to pay EGP 2.5bn dividends for 2024
Cairo – Mubasher: The general assembly of Telecom Egypt greenlighted cash dividends valued at EGP 2.56 billion to shareholders for 2024. The company will pay out a dividend of EGP 1.50 per share, according to a bourse disclosure. Telecom Egypt …
General Assembly
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19 March 2025 10:37 AM Contact, Fawry join forces to expand digital payment solutions
Cairo – Mubasher: Contact Financial Holding penned a deal with Fawry for Banking Technology and Electronic Payments to enable Contact’s buy now, pay later (BNPL) service across Fawry’s extensive payment network. This cooperation supports Egypt's …
Companies Investments
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5 March 2025 04:41 PM EMPC generates higher consolidated net profits at EGP 801m; revenue hits EGP 1.1bn
Cairo – Mubasher: Egyptian Media Production City Company (EMPC) posted consolidated net profits worth EGP 801.40 million in 2024, marking an annual surge from EGP 481.69 million. The earnings per share (EPS) rose to EGP 3.77 last year from EGP …
Financial Results
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2 March 2025 04:31 PM Fawry’s consolidated profits leap in 2024; revenues hit EGP 5.5bn
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments recorded consolidated net profits after tax valued at EGP 1.74 billion in 2024, up year-on-year (YoY) from EGP 815.96 million. Basic and diluted earnings per share (EPS) jumped …
Financial Results
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27 February 2025 07:10 PM Telecom Egypt records 14% drop in consolidated profits during 2024
Cairo – Mubasher: Telecom Egypt logged 14% year-on-year (YoY) lower consolidated net profits at EGP 10.10 billion in 2024, according to the financial results. Total revenues amounted to EGP 82.03 billion as of 31 December 2024,  an annual surge of …
Financial Results
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4 December 2024 00:37 PM Fawry’s BNPL transactions cross EGP 2bn
Cairo – Mubasher: Fawry MSME, a fully-owned subsidiary of Fawry for Banking Technology and Electronic Payments, has facilitated 70,000 transactions at a total value of EGP 2 billion. Fawry provided more than 50,000 merchants with Egypt’s first buy …
Companies Investments
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18 November 2024 00:00 PM Fawry records EGP 1.1bn profits in 9M-24; revenues jump 66%
Cairo – Mubasher: The net profits attributable to the owners of Fawry for Banking Technology and Electronic Payments hiked by 127.40% to EGP 1.10 billion during the first nine months (9M) of 2024. The recorded net profits were compared with EGP …
Financial Results
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17 November 2024 08:41 AM Telecom Egypt’s consolidated revenues exceed EGP 58.4bn in 9M-24
Cairo – Mubasher: Telecom Egypt achieved consolidated net profits valued at EGP 8.64 billion in the first nine months (9M) of 2024, compared to EGP 9. 15 billion in 9M-23. Operating revenues hit EGP 58.43 billion as of 30 September 2024, an annual …
Financial Results
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12 November 2024 09:49 AM e-finance’s profits exceed EGP 1.3bn in 9M-24; revenues hike 24.5%
Cairo - Mubasher: e-finance for Digital and Financial Investments posted consolidated net profits worth EGP 1.39 billion in the first nine months (9M) of 2024, up 21.50% from EGP 1.14 billion in 9M-23. Total consolidated revenues hit EGP 3.44 …
Financial Results
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3 November 2024 09:14 AM EMPC generates 77.5% higher consolidated profits in 9M-24
Cairo – Mubasher: The consolidated net profits after tax of Egyptian Media Production City Company (EMPC) amounted to EGP 616.83 million in the first nine months (9M) of 2024. The recorded net profits were higher by 77.54% than EGP 347.43 million …
Financial Results
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14 October 2024 01:57 PM Fawry, Bel Egypt partner to enhance digital financing solutions for retailers
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments and Bel Egypt signed a strategic cooperation agreement to provide digital financing solutions for retailers under Bel Egypt's loyalty programme Enaya. The joint deal …
Companies Investments
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23 September 2024 01:01 PM Egypt’s RAYA CX expands global expansion via subsidiary in UK
Cairo – Mubasher: Raya Customer Experience (RAYA CX) announced the board’s approval to establish a company in the UK on 22 September 2024. The new entity will be fully owned by RAYA CX,  according to a bourse disclosure. Medhat Mohamed Ibrahim …
Companies Investments
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23 September 2024 11:27 AM e-finance launches 1st Africa-focused e-Commerce platform
Cairo - Mubasher: eAswaaq, a subsidiary of e-finance for Digital and Financial Investments, and Post for Investment, a unit of Egypt Post, launched the ECOM Africa company, according to a press release. The joint venture (JV) will develop and …
Global Economy
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11 September 2024 02:32 PM Fawry acquires 80% of Svreico administrative building
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments entered into a new agreement with Svreico Real Estate Investment Company to acquire an 80% stake in the Svreico administrative building in the Smart Village. The EGX-listed …
Companies Investments
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11 September 2024 10:34 AM e-finance’s board unveils cash dividends for H1-24
Cairo - Mubasher: The board members of e-finance for Digital and Financial Investments approved, on 9 September 2024, dividends distribution of EGP 0.19 per share for the first half (H1) of 2024. The dividends proposal is still subject to the …
Board of Directors
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18 August 2024 00:04 PM e-finance posts higher consolidated profits in H1-24; revenues jump 32%
Cairo - Mubasher: e-finance for Digital and Financial Investments generated higher consolidated net profits at EGP 784.56 million in the first half (H1) of 2024, compared to EGP 726.10 million in H1-23. The sales reached EGP 2.28 billion in H1-24, …
Financial Results
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15 August 2024 11:17 AM Fawry sees 111% higher consolidated net profits in H1-24
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments logged 111.10% higher consolidated net profits at EGP 685.91 million in the first half (H1) of 2024. The recorded net profits were compared to EGP 324.84 million in H1-23, …
Financial Results
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15 August 2024 09:31 AM Telecom Egypt’s consolidated profits hit EGP 6.5bn in H1-24
Cairo – Mubasher: Telecom Egypt posted consolidated net profits amounting to EGP 6.51 billion in the first half (H1) of 2024, versus EGP 6.69 billion in H1-23. Net revenues reached EGP 37.95 billion in H1-24, up year-on-year (YoY) from EGP 28.13 …
Financial Results
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14 August 2024 07:38 AM NileSat logs $21.5m net profits in H1-24
Cairo – Mubasher: Egyptian Satellites Company (NileSat) registered $21.47 million in net profit from continuing operations during the first half (H1) of 2024, up year-on-year (YoY) from $19.30 million. The revenues amounted to $50.80 million in …
Financial Results
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8 August 2024 10:02 AM EMPC’s H1-24 consolidated profits hit EGP 473.5m; revenues up 15%
Cairo – Mubasher: Egyptian Media Production City Company (EMPC) recorded consolidated net profits after tax valued at EGP 473.59 million in the first half (H1) of 2024, an annual leap of 77.83% from EGP 264.22 million. Revenues hit EGP 506.79 …
Financial Results
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25 July 2024 09:17 AM NBE raises stake in 4 EGX-listed entities
Cairo – Mubasher: The National Bank of Egypt (NBE) increased its stake in the Export Development Bank of Egypt (EBank) and three other companies, according to bourse disclosures. Through its NBE DIFC, NBE purchased 950,000 shares in the EGX-listed …
Banking and Finance
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21 July 2024 03:13 PM EMPC unveils payment date for 2023 dividends
Cairo – Mubasher: Egyptian Media Production City Company (EMPC) announced the distribution of EGP 0.50 per share in cash dividends for 2023 on 8 August 2024. The eligibility date will be 5 August, according to a bourse filing. The ordinary general …
Corporate Actions
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3 July 2024 10:22 AM Link Holdco cuts stake in Fawry to 5%
Cairo – Mubasher: Link Holdco lowered its equity ownership in Fawry for Banking Technology and Electronic Payments to 4.99% from 5.09%, according to a bourse disclosure. Link Holdco sold 3.39 million shares in Fawry at a value of EGP 20.66 million …
Companies Investments
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2 July 2024 01:02 PM Telecom Egypt, Hungary’s 4iG Group ink MoU to create $600m fibre JV
Cairo – Mubasher: Telecom Egypt has entered into a memorandum of understanding (MoU) with the Hungarian IT leader 4iG Group to establish a joint venture (JV) aimed at constructing, operating, and commercialising fibre-to-the-home (FTTH) and …
Companies Investments
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1 July 2024 04:24 PM Fawry sees EGP 1bn block-trading
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has witnessed a block-trading transaction of EGP 1.02 billion on Monday, 1 July 2024. The deal was executed on 170.24 million shares, according to an announcement. In the first …
Mergers and Acquisitions