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13 January 04:12 PM

Sector News

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12 June 2025 04:32 AM UAE-based Nas hikes stake in Egyfert for nearly EGP 187m
Cairo – Mubasher: UAE-based Nas Investment Holding raised its equity ownership in Samad Misr (Egyfert) to 51.47% from 32.39%, according to a bourse filing. Nas purchased 1.83 million shares in the EGX-listed firm at a total value of EGP 186.77 …
Mergers and Acquisitions
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16 April 2025 05:27 PM MTI records EGP 1bn consolidated profits in 2024; capital hike approved
Cairo – Mubasher: MM Group for Industry and International Trade (MTI) logged consolidated net profits valued at EGP 1.09 billion in 2024, compared with EGP 699.15 million in 2023. Net sales climbed to EGP 14.30 billion at the end of December 2024 …
Board of Directors
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19 November 2024 00:58 PM MM Group’s consolidated profits surpass EGP 801m in 9M-24; sales hit EGP 10.7bn
Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade hiked to EGP 801.29 million in the first nine months (9M) of 2024 from EGP 482.12 million in 9M-23. Net sales amounted to EGP 10.78 billion as of 30 …
Financial Results
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19 August 2024 01:52 PM MM Group’s consolidated profits hike 105.5% in H1-24
Cairo – Mubasher: MM Group for Industry and International Trade posted consolidated net profits worth EGP 494 million in the first half (H1) of 2024, an annual leap of 105.50% from EGP 295 million. Net revenues reached EGP 6.23 billion in H1-24, …
Financial Results
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30 May 2024 02:15 PM MM Group posts EGP 257m consolidated profit in Q1-24
Cairo – Mubasher: The consolidated net profit of MM Group for Industry and International Trade soared to EGP 257.43 million in the first quarter (Q1) of 2024 from EGP 157.68 million in the same period a year earlier. Net sales rose to EGP 2.76 …
Financial Results
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16 April 2024 10:23 AM FRA approves MM Group’s capital hike
Cairo – Mubasher: MM Group for Industry and International Trade received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures.    The group plans to raise its authorised capital to EGP 936.58 million …
Management Decisions
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28 March 2024 11:42 AM MM Group posts EGP 700m consolidated profit in 2023; dividends ratified
Cairo – Mubasher: MM Group for Industry and International Trade logged a consolidated net profit of EGP 699.15 million in 2023, up from EGP 346.25 million a year earlier. The company’s net sales soared to EGP 10.35 billion last year from EGP 6.90 …
Companies Investments
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19 November 2023 02:06 PM MM Group’s consolidated profits exceed EGP 482m in 9M-23
Cairo – Mubasher: MM Group for Industry and International Trade registered EGP 482.12 million in consolidated net profit after tax during the first nine months (9M) of 2023, The achieved net profits were higher year-on-year (YoY) than EGP 218.17 …
Financial Results
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26 September 2023 03:58 PM Egypt-based MM Group to launch business in Saudi Arabia
Cairo – Mubasher: The board of MM Group for Industry and International Trade, listed on the Egyptian Exchange (EGX), approved on 25 September to set up a company in Saudi Arabia. MM Group noted that establishing a firm in the Kingdom aims at …
Companies Investments
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17 August 2023 01:30 PM MM Group’s consolidated profits near EGP 301m in H1-23
Cairo – Mubasher: The consolidated net profits after tax of MM Group for Industry and International Trade hit EGP 300.75 million in the first half (H1) of 2023, versus EGP 145.66 million in H1-22, including non-controlling equity. Net sales …
Financial Results
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1 June 2023 08:43 AM MM Group sees higher net profits in Q1-23; revenues surge 27.5%
Cairo – Mubasher: MM Group for Industry and International Trade achieved consolidated net profits after tax amounting to EGP 157.68 million in the first quarter (Q1) of 2023. The registered profits were higher than EGP 51.06 million in Q1-22, …
Financial Results
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3 April 2023 10:50 AM MM Group’s 2022 consolidated profits exceed EGP 346m
Cairo – Mubasher: The consolidated net profits after tax of MM Group for Industry and International Trade hit EGP 346.25 million in 2022, an annual drop from EGP 375.46 million, including non-controlling equity. Sales plummeted to EGP 6.90 billion …
Financial Results
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1 February 2023 00:02 PM Rolaco EGB Investment ups shareholding in MM Group to over 15%
Cairo – Mubasher: Rolaco EGB Investment raised its 14.87% stake in MM Group for Industry and International Trade to 15.02%, according to a bourse disclosure. The investment firm bought 1.46 million shares in MM Group for EGP 7.45 million, at an …
Trading Activities
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24 November 2022 08:33 AM Egypt Free Shops achieves higher profits in Q1-FY22/23
Cairo – Mubasher: Egypt Free Shops generated EGP 48.99 million in net profits after tax during the first quarter (Q1) of fiscal year (FY) 2022/2023, an increase from EGP 46.80 million in the same quarter a year earlier. The total revenues amounted …
Financial Results
Photo Archive
14 November 2022 11:27 AM MM Group’s profits slide 35% in 9M-22
Cairo – Mubasher: MM Group for Industry and International Trade gained EGP 218.17 million in consolidated net profits during the first nine months (9M) of this year, a year-on-year (YoY) drop of 34.70% from EGP 334.56 million, including minority …
Financial Results
Photo Archive
21 August 2022 03:46 PM Elsewedy Cement raises stake in MM Group for EGP 11m
Cairo – Mubasher: Elsewedy Cement has increased its stake in MM Group for Industry and International Trade to 1.64% from 1.33%. Hence, Elsewedy Cement bought 3 million shares in MM Group at a total value of EGP 10.96 million or an average share …
Mergers and Acquisitions
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9 August 2022 11:24 AM Egypt Free Shops’ earnings soar 26% in FY21/22
Cairo – Mubasher: Egypt Free Shops’ net profits amounted to EGP 167.09 million during fiscal year (FY) 2021/2022, a 26.4% jump when compared to EGP 132.20 million a year earlier, including minority shareholders’ rights. Revenues for the period …
Financial Results
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18 July 2022 06:03 PM Vertika’s Chairman resigns, Salama succeeds
Cairo – Mubasher: The board of Vertika for Industry & Trade Company has approved the resignation of the company’s Chairman, Khalil Mohy El-Din Khalil Kandil. Meanwhile, the listed company appointed Kamel Mogeeb Kamel Salama as the new Chairman, …
Board of Directors
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21 June 2022 11:06 AM Egypt Free Shops targets EGP 80m profits in FY22/23
Cairo – Mubasher: Egypt Free Shops targets EGP 80.31 million in net profits during fiscal year (FY) 2022/2023, compared to around EGP 160.28 million expected to be achieved in FY21/22. The company also seeks to generate revenues of EGP 677 million …
Financial Results
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14 June 2022 11:01 AM El Dawlia Fertilizers announces new company of EGP 500m authorised capital
Cairo – Mubasher: International Agricultural Products, El Dawlia Fertilizers and Chemicals, and Ebdaa for Project Development will establish a new company with an authorised capital of EGP 500 million and issued capital of EGP 5 million. The new …
Companies Investments
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29 May 2022 03:14 PM MM Group’s profits shrink in Q1-22 initial financial results
Cairo – Mubasher: MM Group for Industry and International Trade has reported consolidated net profits worth EGP 51.06 million during the first quarter (Q1) of 2022, versus EGP 130.23 million in Q1-21. The company's sales reached EGP 1.94 billion …
Financial Results
Photo Archive
30 March 2022 10:12 AM MM Group sees rise in 2021 net profits
Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade increased to EGP 375.46 million in 2021, compared to EGP 370.49 million in the earlier year, including minority shareholders' rights. The company …
Financial Results
Photo Archive
7 February 2022 10:51 AM MM Group signs distribution agreement with Apple Trading Egypt
Cairo – Mubasher: MM Group for Industry and International Trade has reached an agreement with Apple Trading Egypt to become a non-exclusive authorised distributor of Apple products in Egypt. The company will start sales by the third quarter (Q3) …
Companies Investments
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19 January 2022 03:51 PM Egypt Free Shops records EGP 95m standalone net profits in H1-21/22
Cairo – Mubasher: Egypt Free Shops achieved a surge of 41.9% in its standalone net profits after tax to EGP 95.38 million during the first half (H1) of fiscal year (FY) 2021/2022, compared to EGP 67.20 million in H1-20/21. Sales increased to EGP …
Financial Results
Photo Archive
26 December 2021 00:41 PM MM Group to contribute to Basata Financial Holding's capital increase
Cairo – Mubasher: The board of MM Group for Industry and International Trade has approved to contribute to increasing the capital of Basata Financial Holding with a total value of EGP 25 million. MM Group's stake in Basata's capital increased to …
Companies Investments