ARAB Developers Holding (ARAB)

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News

11 November 2024 02:28 PM Arab Developers logs profits exceeding EGP 224m in 9M-24

Cairo – Mubasher: Arab Developers Holding posted higher consolidated net profits at EGP 225.14 million in the first nine months (9M) of 2024, compared to EGP 89.53 million in 9M-23. The EGX-listed firm generated revenues valued at EGP 1.41 billion …

Financial Results

3 October 2024 03:41 PM Arab Developers eyes EGP 13bn sales from new project

Cairo – Mubasher: Neom for Tourism Development, a subsidiary of Arab Developers Holding, launched the multi-use development project, the Newom Al Mostakbal on the Hope Axis. The project is a commercial, administrative, and medical complex located …

Real estate

20 August 2024 01:57 PM Arab Developers unveils H1-24 financial results, capital raise

Cairo – Mubasher: Arab Developers Holding suffered consolidated net losses valued at EGP 11.41 million in the first half (H1) of 2024, compared to profits worth EGP 53.38 million as of 30 June 2023. The sales plummeted by 82% year-on-year (YoY) to …

Financial Results

30 May 2024 00:09 PM Arab Developers Holding swings to consolidated loss in Q1-24

Cairo – Mubasher: Arab Developers Holding turned to a consolidated net loss of EGP 36.66 million in the first quarter (Q1) of 2024, compared to a net profit of EGP 15.18 million in the same period a year earlier. Consolidated revenues declined to …

Financial Results

23 April 2024 11:12 AM Arab Developers eyes EGP 7bn contracted sales in 2024

Cairo – Mubasher: Arab Developers Holding is targeting contracted sales amounting to EGP 7 billion in 2024. The company plans to deliver 2,000 housing units in all of its development projects during this year, according to a bourse disclosure. In …

Companies Investments

10 March 2024 03:05 PM Arab Developers swings to consolidated profitability in 2023

Cairo – Mubasher: Arab Developers Holding turned to consolidated profitability during the financial year 2023, recording a net profit of EGP 100 million, versus a net loss of EGP 18 million a year earlier. Consolidated sales soared 203% …

Financial Results

16 November 2023 03:35 PM Arab Developers delivers growth in 9M-23 financials

Cairo – Mubasher: Arab Developers Holding recorded an annual hike in consolidated net profit after tax to EGP 89.53 million during the first nine months (9M) of 2023, versus EGP 18.51 million. Revenues increased to EGP 872.41 million in 9M-23 from …

Real estate

29 May 2023 02:06 PM Arab Developers turns profitable in Q1-23; revenues skyrocket 137%

Cairo – Mubasher: Arab Developers Holding shifted to net profits amounting to EGP 15 million in the first quarter (Q1) of 2023, against net losses valued at EGP 9 million in Q1-22. The sales hiked by 413% year-on-year (YoY) to EGP 1.30 billion in …

Real estate

21 August 2022 00:55 PM Arab Developers appoints advisor to evaluate potential IPO of unit

Cairo – Mubasher: Arab Developers Holding has hired Solid Capital for Financial Advisory (SCFA) as an independent financial advisor to evaluate one of the holding company’s subsidiaries.  The step aims to study a potential offering of a stake in …

Initial Public Offerings

16 August 2022 02:16 PM Arab Developers’ profits down 21% in H1-22

Cairo – Mubasher: Arab Developers Holding has logged consolidated net profits after tax worth EGP 14.84 million in the first half (H1) of 2022, an annual drop of nearly 21% from EGP 71.79 million. Sales plummeted by around 65% to EGP 467.99 …

Real estate

2 August 2022 00:00 PM Arab Developers eyes sales of EGP 2.8bn in 2022

Cairo – Mubasher: Arab Developers Holding is targeting to log EGP 2.80 billion in sales across all of its projects during the current year. The group also aims to pump investments of EGP 1.50 billion during 2022 to speed up the construction and …

Real estate

28 June 2022 06:22 PM valU, Arab Developers’ partnership to offer instalment solutions

Cairo – Mubasher: Egypt-based fintech platform valU has teamed up with Arab Developers Holding to provide the latter’s customers with financing of up to EGP 2.40 million per individual. The instalment solutions will cover home improvement and …

Banking and Finance

26 May 2022 00:40 PM Arab Developers turns to losses in Q1-22 unaudited financials

Cairo – Mubasher: Arab Developers Holding logged consolidated net losses of EGP 8.66 million in the first quarter (Q1) of 2022, against net profits of EGP 18.85 million in the year-ago period, according to the company's unaudited financials for …

Financial Results

8 March 2022 11:50 AM Arab Developers reports 229% surge in 2021 profits

Cairo – Mubasher: The consolidated net profits of Arab Developers Holding hiked by 228.8% to EGP 92.86 million in 2021, compared to EGP 28.24 million in the earlier year, including minority shareholders' rights. The company generated revenues of …

Financial Results

22 February 2022 04:37 PM Porto Group changes company name, launches new brands

Cairo – Mubasher: Porto Group Holding has changed the company's name to Arab Developers Holdings and launched two new brands. The company seeks to introduce the Nyoum brand for its residential projects and Sia for coastal projects, according to a …

Companies Investments

9 January 2022 02:59 PM Porto Group’s EGM nods to changing company name

Cairo – Mubasher: The shareholders of Porto Group Holding approved to change the name of the company to Arab Developers Holding Company. The decision was taken during the extraordinary general meeting (EGM) that was held on 9 January. It is worth …

Management Decisions

14 November 2021 05:56 PM Porto Group Holding turns profitable in nine months

Cairo – Mubasher: Porto Group Holding turned to consolidated net profits of EGP 90.97 million in the first nine months of 2021, versus net losses of EGP 8.62 million in the corresponding period a year earlier, including minority shareholders' …

Financial Results

11 October 2021 04:28 PM Asmak raises stake in Porto Group

Cairo - Mubasher: Egypt-based Asmak Co has raised its stake in Porto Group Holding to 18.75% from 18.17% in a deal valued at EGP 3.96 million. Asmak has purchased 6.77 million shares in Porto at a total price of EGP 0.59 per share, according to a …

Companies Investments

4 October 2021 04:39 PM Asmak Co ups stake in Porto Group

Cairo – Mubasher: Asmak Co has raised its stake in Porto Group Holding to 18.17% from 17.47% in a deal worth EGP 4.92 million. The transaction included the purchase of 8.2 million shares at an average price of EGP 0.59 apiece, according to a …

Insider Trading & Treasury Stocks

3 October 2021 01:46 PM Porto Group Holding eyes Arab expansion, EGP 1bn investments in three years

Cairo – Mubasher: Porto Group Holding aims to expand in the Arab region and inject more than EGP 1 billion worth of investments, the CEO revealed. The real estate developer is planning to pump over EGP 1 billion in investments in the local market …

Companies Investments

28 September 2021 01:49 PM Asmak plans to raise stake in Porto Group

Cairo – Mubasher: Porto Group Holding revealed the future investment plan of Asmak Co, which owns 15.03% of the company.  Asmak plans to acquire more than 25% of Porto Group’s capital through the Egyptian Exchange's (EGX) open market, Porto Group …

Mergers and Acquisitions

16 August 2021 11:02 AM Porto Group Holding swings to profits in H1-21

Cairo – Mubasher: Porto Group Holding turned to consolidated net profits of EGP 71.79 million in the first half (H1) of 2021, versus net losses of EGP 24.7 million in the year-ago period, including minority shareholders' rights.  The revenues …

Financial Results

27 June 2021 00:41 PM Shareholder cuts stake in Porto Group for EGP 52m

Cairo - Mubasher: The shareholder Hashim Hussein Ataa Ghoneim slashed his stake in Porto Group Holding to 5.41% in two transactions worth EGP 52 million.  Ghoneim sold 50 million shares for EGP 37 million or an average of EGP 0.74 apiece, cutting …

Insider Trading & Treasury Stocks

17 May 2021 01:14 PM Porto Group Holding turns to profitability in Q1-21

Cairo – Mubasher: Porto Group Holding has achieved consolidated net profits of EGP 18.85 million during the first quarter (Q1) of 2021, against net losses of EGP 16.34 million in the same period of 2020. The company generated revenues of EGP …

Financial Results

21 April 2021 03:13 PM Porto Group Holding's shareholders approve rebranding

Cairo – Mubasher: The extraordinary general meeting (EGM) of Porto Group Holding approved the board’s proposal to change the company’s name The decision comes in line with the company’s future plans as well as growth and development objectives, …

Corporate Actions