QALA For Financial Investments (CCAP)

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News

2 December 2024 11:37 AM Madinet Masr, Qalaa Holdings’ ASEC sign EGP 580m agreement

Cairo – Mubasher: Madinet Masr Housing and Development penned a memorandum of understanding (MoU) with ASEC Automation, a subsidiary of Qalaa Holdings, according to a press release. The two companies will join forces to construct the second phase …

Companies Investments

24 November 2024 04:16 PM Qalaa Holdings logs EGP 38.2bn revenues in Q2-24

Cairo – Mubasher: Qalaa Holdings generated revenues valued at EGP 38.20 billion in the second quarter (Q2) of 2024, an annual hike of 64%, driven by broad-based growth across the group’s subsidiaries. The group incurred net losses amounting to EGP …

Financial Results

19 September 2024 03:15 PM Qalaa Holdings registers 45% higher revenues in Q1-24

Cairo – Mubasher: Qalaa Holdings posted revenues valued at EGP 37.60 billion in the first quarter (Q1) of 2024, marking a 45% year-on-year (YoY) surge. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at EGP 7.70 …

Financial Results

10 June 2024 10:34 AM Qalaa Holdings secures $17.5m in 1st phase of debt sale

Cairo – Mubasher: Qalaa Holdings announced that the first phase of allowing shareholders to purchase its external debt has raised EGP 875.35 million Egyptian pounds ($17.49 million), between 2 and 5 June 2024, covering 81% of the targeted amount. …

Banking and Finance

2 June 2024 03:35 PM Qalaa Holdings opens 1st phase of debt purchase programme

Cairo – Mubasher: Qalaa Holdings has announced the opening of the first phase for applications to participate in the purchase of the company’s debt owed to certain banks and financial institutions. The first phase will be open between 2 and 9 …

Trading Activities

7 May 2024 04:05 PM Qalaa Holdings registers EGP 11.8bn consolidated profits in 2023; revenues up 17%

Cairo – Mubasher: Qalaa Holdings logged consolidated net profits after tax valued at EGP 11.80 billion in 2023, lower year-on-year (YoY) than EGP 18.74 billion, including non-controlling interest. Meanwhile, the consolidated revenue grew 17% to …

Financial Results

22 April 2024 11:19 AM Misr Beni Suef Cement to pay EGP 260m in dispute settlement

Cairo – Mubasher: Misr Beni Suef Cement has agreed to pay EGP 260 million to settle a contractual dispute with Arab Swiss Engineering Company (ASEC), a subsidiary of Qalaa Holdings. Under the settlement deal, Misr Beni Suef Cement will receive an …

Law

15 April 2024 02:41 PM Qalaa Holdings settles over EGP 13bn in debt with 5 banks

Cairo – Mubasher: Qalaa Holdings has signed an agreement with five banks to settle around EGP 13.45 billion in debt. The first agreement was signed with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait to …

Companies Investments

27 February 2024 00:54 PM Qalaa Holdings’ unit settles EGP 1.4bn debt with 3 banks

Cairo – Mubasher: National Development and Trade (NDT), a subsidiary of Qalaa Holdings, has signed agreements with three banks to fully settle a total debt of EGP 1.44 billion. NDT also entered into an agreement with another bank to settle an EGP …

Banking and Finance

25 December 2023 00:03 PM Qalaa Holdings unveils lower consolidated profits in 9M-23, reports standalone losses

Cairo – Mubasher: Qalaa Holdings posted consolidated net profits after tax worth EGP 7.09 billion in the first nine months (9M) of 2023, marking an annual plunge from EGP 13.05 billion, including minority interest. Revenues stood at EGP 84.38 …

Financial Results

25 October 2023 06:10 PM Top quotes by Saudi ministers, officials from energy giants at FII7; regional leaders give remarks

By: Ingy ElSafy Riyadh – Mubasher: Energy availability is essential for functioning economies is among the top quotes said on the first day of the seventh Future Investment Initiative (FII) conference, which is being held in the capital of Saudi …

Global Economy

17 September 2023 02:53 PM Qalaa Holdings records EGP 4.59bn consolidated net income in H1-23

Cairo – Mubasher: The consolidated net income after tax of Qalaa Holdings reached EGP 4.59 billion in the first half (H1) of 2023, an annual drop from EGP 8.52 billion. The company generated EGP 57.94 billion in revenue during the January-June …

Financial Results

16 July 2023 00:48 PM Qalaa Holdings generates EGP 30.3bn revenues in Q1-23

Cairo – Mubasher: Qalaa Holdings, a leading investment company in Africa and the Middle East (MEA) region, posted a 62% year-on-year (YoY) rise in revenue to EGP 30.30 billion during the first quarter (Q1) of 2023. The EGX-listed firm recorded …

Financial Results

18 December 2022 01:02 PM Qalaa Holdings swings to profits in 9M-22

Cairo – Mubasher: Qalaa Holdings switched to consolidated net profits of EGP 11.86 billion during the first nine months (9M) of 2022, against net losses of EGP 4.51 billion in the year-ago period, including minority shareholders’ rights. Basic …

Financial Results

29 September 2022 11:19 AM Qalaa Holdings turns profitable in H1-22

Cairo – Mubasher: Qalaa Holdings turned to net earnings of EGP 7.33 billion during the first half (H1) of 2022, against net losses of EGP 3.23 billion in H1-21, including minority shareholders’ rights. Basic earnings per share (EPS) amounted to …

Financial Results

5 December 2021 11:29 AM Qalaa Holdings sees 28% lower losses in 9M

Cairo – Mubasher: The consolidated net losses of Qalaa Holdings retreated by 28.1% year-on-year (YoY) to EGP 4.5 billion in the first nine months (9M) of 2021, compared to EGP 6.26 billion. The company's revenues increased to EGP 30.97 billion in …

Financial Results

12 September 2021 10:53 AM Qalaa Holdings posts 21% loss decline in H1-21

Cairo – Mubasher: Qalaa Holdings reported consolidated net losses of EGP 3.323 billion in the first half (H1) of 2021, down by 20.8% year-on-year (YoY) from EGP 4.08 billion, including minority shareholders' rights.  The net losses attributed to …

Financial Results

19 August 2021 00:02 PM Qalaa Holdings' Chairman settles $4m check lawsuit

Cairo – Mubasher: Qalaa Holdings announced that the company's Chairman, Ahmed Heikal, has settled a lawsuit filed against him related to a dispute over a $4 million check, according to a bourse disclosure on Thursday.  In June, Heikal was informed …

Company News

27 June 2021 11:38 AM Qalaa Holdings suffers EGP 1.95bn loss in Q1-21

Cairo - Mubasher: Qalaa Holdings reported consolidated net losses of EGP 1.95 billion during the first quarter (Q1) of 2021, up by 23.4% year-on-year (YoY) from EGP 1.58 billion, including minority shareholders' rights.  The company's losses …

Financial Results

14 June 2021 06:43 PM Qalaa Holdings explains Chairman’s travel ban situation

Cairo – Mubasher: Qalaa Holdings said on Monday that the company’s Chairman Ahmed Heikal was informed that his name appears on the travel ban list. In a disclosure to the Egyptian Exchange (EGX), Qalaa said that this happened as the chairman was …

Board of Directors

3 June 2021 01:48 PM TAQA Arabia inks EGP 916m financing deals with NBE

Cairo – Mubasher: TAQA Arabia, a subsidiary of Qalaa Holdings, signed financing contracts worth EGP 916 million with the National Bank of Egypt (NBE) to expand its investment plans. The Vice Chairman of NBE, Yehia Abou El-Fotouh, affirmed that the …

Banking and Finance

4 May 2021 11:29 AM Qalaa Holdings incurs EGP 2.5bn loss in 2020

Cairo – Mubasher: Qalaa Holdings reported net losses of EGP 2.553 billion in 2020, up from EGP 1.135 billion in 2019, excluding minority shareholders’ rights. The loss increase was primarily due to losses incurred by its 13.1%-owned Egyptian …

Financial Results

7 April 2021 02:06 PM TAQA Arabia becomes MENA's first integrated energy, water utilities provider

Cairo – Mubasher: TAQA Arabia, a subsidiary of Qalaa Holdings, has expended its business portfolio to be the first integrated energy and water utilities provider in the MENA region through the launch of TAQA Water. The new subsidiary will provide …

Companies Investments

9 February 2021 04:56 PM CI Capital raises Talaat Moustafa Group's TP on Capital Gardens project

Cairo – Mubasher: CI Capital said that the residential project that Talaat Moustafa Group Holding (TMG Holding) plans to build in the Capital Gardens has raised its assessment for the target price (TP) by 50% or EGP 3.85 per share to EGP 7.50, …

Real estate

21 January 2021 05:23 PM Egypt’s AOI inks cooperation protocol to manufacture natural gas cylinders

Cairo – Mubasher: The Arab Organization for Industrialization (AOI) signed a protocol of cooperation with Qalaa Holdings, while another protocol was signed between ASEC for Manufacturing and Industrial Projects and TAQA Arabia. The protocol is …

Macroeconomics