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13 January 06:46 PM

Sector News

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4 September 2024 08:40 AM UAE-based Gulf Capital exits Egypt’s Middle East Glass
Mubasher: Abu Dhabi-based Gulf Capital has sold its stake in Egypt-listed Middle East Glass (MEG) to the majority shareholder of the business, MENA Glass Holdings Limited, according to a press release. Gulf Capital’s investment enabled Middle East …
Companies Investments
Photo Archive
23 July 2024 09:38 AM FRA ratifies acquisition offer for 41% of Middle East Glass Manufacturing
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved MENA Glass Holdings Limited's offer to acquire a 40.76% stake, equivalent to 25.52 million shares, in Middle East Glass Manufacturing Company (MEGM). The offer set the price …
Mergers and Acquisitions
Photo Archive
25 October 2022 00:51 PM Middle East Glass Manufacturing’s board approves EGP 12m capital hike
Cairo – Mubasher: Middle East Glass Manufacturing Co’s board approved raising the company’s issued capital to EGP 62.62 million from EGP 50.32 million. The EGP 12.30 million capital hike will be distributed on 12.30 million shares, according to a …
Board of Directors
13 June 2022 04:39 PM El-Ahram for Printing sells HQ for EGP 7m
Cairo -Mubasher: The board of El-Ahram for Printing and Packing has sold the company’s headquarters (HQ) in the Fifth Settlement area for EGP 6.87 million. The proceeds of the deal will be used to finance the company's working capital and boost …
Companies Investments
Photo Archive
30 January 2022 03:13 PM Rakta Paper turns to profitability in H1-FY21/22
Cairo – Mubasher: Rakta Paper Manufacturing achieved net profits after tax of EGP 397.80 million during the first six months (6M) of fiscal year (FY) 2021/2022, against losses of EGP 46.09 million during the year-ago period. Revenues declined by …
Financial Results
The company will be sold at a price of EGP 230.16 per share
2 November 2021 11:21 AM Middle East Glass Manufacturing inks deal to sell Medco Plast
Cairo – Mubasher: Middle East Glass Manufacturing Co has reached a final agreement to sell its subsidiary Medco Plast for Packing and Packaging Systems.  Under the deal, the company will be sold at a price of EGP 230.16 per share, according to a …
Mergers and Acquisitions
The sales increased to EGP 1.37 billion in the January-September period
1 November 2021 00:30 PM Middle East Glass Manufacturing's 9M profit hikes 1,172%
Cairo – Mubasher: Middle East Glass Manufacturing Co logged consolidated net profits of EGP 164.21 million in the first nine months of 2021, a leap of 1,172% year-on-year (YoY) from EGP 12.9 million, including minority shareholders' rights.  The …
Financial Results
Pioneers Properties and Gadwa Industrial Development acquired stakes in Pioneers Holding's units
6 October 2021 04:07 PM Pioneers Holding transfers subsidiary stakes to two spin-off firms
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has offloaded stakes in its subsidiaries to its two spin-off firms as part of the horizontal spin-off process, according to separate bourse disclosures on Wednesday.  Gadwa …
Insider Trading & Treasury Stocks
The transactions are part of the horizontal spin-off process.
5 October 2021 11:43 AM Pioneers Holding's subsidiaries see block-trading deals on Tuesday
Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the execution of block-trading deals on the shares of several listed subsidiaries of Pioneers Holding Company for Financial Investment as part of the horizontal spin-off process. …
Company News
The land plot spans over an area of 329,143.93 square metres
21 September 2021 11:00 AM Rakta inks final deal to sell land plot for EGP 447.7m
Cairo – Mubasher: Rakta Paper Manufacturing has signed the final deal to sell a land plot over an area of 329,143.93 square metres (sqm) in Alexandria to the Egyptian General Petroleum Corporation (EGPC). The land plot has been sold for EGP 447.76 …
Company News
The sales slid to EGP 10.1 million in the year ended 30 June
5 September 2021 00:21 PM Rakta's loss narrows 21% in FY20/21 modified financials
Cairo – Mubasher: Rakta Paper Manufacturing incurred net losses of EGP 98.277 million in fiscal year (FY) 2020/2021, down by 21% year-on-year (YoY) from EGP 124.64 million, the modified financial results showed.  The sales slid to EGP 10.1 million …
Financial Results
The company's sales hiked to EGP 272.63 million
17 August 2021 10:26 AM Unipack's profit soars 95% in H1-21 on higher revenue
Cairo – Mubasher: Universal for Paper and Packaging Materials (Unipack) recorded a 95% year-on-year (YoY) leap in its net profits to EGP 14.68 million in the first half (H1) of 2021, compared to EGP 7.52 million.  The company's sales hiked to …
Financial Results
The sales increased to EGP 912.92 million in the six-month period
11 August 2021 02:28 PM Middle East Glass Manufacturing's H1 profit leaps 498%
Cairo – Mubasher: Middle East Glass Manufacturing Co reported a 498% year-on-year (YoY) surge in its consolidated net profits to EGP 114.14 million in the first half (H1) of 2021, compared to EGP 19.08 million, including minority shareholders' …
Financial Results
Sales amounted to EGP 10.1 million in FY20/21
2 August 2021 00:15 PM Rakta Paper incurs EGP 97m losses in FY20/21
Cairo – Mubasher: Rakta Paper Manufacturing registered net losses of EGP 97.11 million during the fiscal year (FY) from 1 July 2020 to 30 June 2021. Sales amounted to EGP 10.1 million in FY20/21, according to a bourse statement on Monday. As for …
Financial Results
The company plans to sell 772,200 shares, representing 15.6% of Medco Plast's capital
13 July 2021 10:03 AM Middle East Glass Manufacturing to sell entire stake in Medco Plast
Cairo - Mubasher: The board of directors of Middle East Glass Manufacturing Co approved a decision to sell its entire stake in Medco Plast for Packing and Packaging Systems.  The company plans to sell 772,200 shares, representing 15.6% of Medco …
Mergers and Acquisitions
Shareholders will meet to take a decision on the horizontal demerger
27 June 2021 00:28 PM Pioneers Holding gets FRA's approval to proceed with restructuring plan
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Pioneers Holding Company to proceed with the restructuring procedures.  The disclosure form includes the board of …
Corporate Actions
Revenues grew to EGP 122.11 million in Q1-21
13 June 2021 04:20 PM Unipack records EGP 5m profits in Q1-21
Cairo – Mubasher: Universal for Paper and Packaging Materials (Unipack) achieved net profits worth EGP 5.39 million in the first quarter (Q1) of 2021, marginally higher than EGP 5.32 million in Q1-20. Revenues grew to EGP 122.11 million in the …
Financial Results
The revenues reached EGP 474.08 million in three months
25 May 2021 00:03 PM Middle East Glass Manufacturing's profit hikes 122.5% in Q1-21
Cairo – Mubasher: Middle East Glass Manufacturing Co reported consolidated net profits of EGP 69.15 million in the first quarter (Q1) of 2021, up by 122.5% year-on-year (YoY) from EGP 31.07 million, including minority shareholders’ rights. The …
Financial Results
The sales fell to EGP 1.6 billion last year
7 April 2021 02:50 PM Middle East Glass reports 41% lower profit in 2020
Cairo – Mubasher: Middle East Glass Manufacturing Co recorded consolidated net profits of EGP 93.07 million in 2020, down by 40.9% year-on-year (YoY) from EGP 157.55 million, including minority shareholders’ rights.   The sales fell to EGP 1.6 …
Financial Results
The board of directors recommended a cash dividend distribution of EGP 10.86 million
21 February 2021 00:40 PM Unipack's profit sinks 57%; dividends proposed
Cairo – Mubasher: The net profits of Universal for Paper and Packaging Materials (Unipack) slid by 57.2% year-on-year (YoY) to EGP 10.86 million in 2020, compared to EGP 25.37 million. Sales retreated to EGP 364.49 million last year from EGP …
Cash Dividends
Revenues plunged to EGP 495,000 in the July-December period
26 January 2021 11:06 AM Raka Paper's loss narrows 9% in H1-20/21
Cairo – Mubasher: Rakta Paper Manufacturing Company incurred net losses of EGP 46.09 million in the first half (H1) of fiscal year 2020/2021, down by 9% year-on-year (YoY) from EGP 50.63 million, the unaudited financial results showed.   Revenues …
Financial Results
The company generated EGP 1.18 billion in sales
22 November 2020 10:49 AM Middle East Glass sees profit decline 92.5% in 9M
Cairo – Mubasher: The consolidated net profits of Middle East Glass Manufacturing Co plunged by 92.5% year-on-year (YoY) to EGP 12.9 million in the first nine months of 2020 from EGP 173.76 million, including minority shareholders’ rights. The …
Financial Results
Rakta incurred net losses of EGP 124.64 million in FY19/20
14 October 2020 04:35 PM Rakta Paper inks consulting deal with India’s C2C
Cairo – Mubasher: Rakta Paper Manufacturing Company signed a technical consulting agreement with India’s C2C Consultancy. Under the agreement, the company aims to upgrade its factories with the consultation of the Indian firm, according to a …
Company News
Sales declined to EGP 719.2 million in the January-June period
18 August 2020 02:56 PM Middle East Glass reports 85% profit plunge in H1-20
Cairo – Mubasher: Middle East Glass Manufacturing Co reported an 85% year-on-year (YoY) decrease in its net profits, logging EGP 19.08 million during the first half (H1) of 2020, compared to EGP 127.9 million, including minority shareholders’ …
Financial Results
The company’s sales retreated to EGP 422.4 million
18 June 2020 10:57 AM Middle East Glass posts 68% profit drop in Q1-20
Cairo – Mubasher: The consolidated financial statements of Middle East Glass Manufacturing Co showed net profits of EGP 31.07 million in the first quarter of 2020, down by 68.4% year-on-year (YoY) from EGP 98.53 million, including minority …
Financial Results