Prime Holding (PRMH)

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News

29 January 2024 11:43 AM Prime Holding’s board mulls capital hike

Cairo – Mubasher: The board members of Prime Holding aim to increase the company’s capital by a value ranging between EGP 175 million and EGP 350 million, representing a rate between 50% and 100%. The EGX-listed firm will implement the capital …

Management Decisions

17 September 2023 08:55 AM Saudi shareholder hikes equity ownership in Prime Holding

Cairo – Mubasher: A Saudi shareholder increased its stake in Prime Holding to 22.50% from 19.98% at a value of EGP 5.65 million, according to a bourse filing. Fahd bin Hamad bin Ibrahim Al Harqan purchased 8.81 million shares in the EGX-listed …

Companies Investments

17 January 2023 09:38 AM Egypt’s FRA nods to Prime Holding’s capital cut, raise

Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved publishing the disclosure form submitted by Prime Holding to conduct procedures for issued capital decrease and increase.  The issued capital of EGX-listed Prime Holding will be …

Companies Investments

2 November 2022 10:58 AM Prime Holding's board approves capital cut, raise

Cairo – Mubasher: The board of directors of Prime Holding approved reducing the company’s capital by EGP 175 million and then increasing it by EGP 100 million, subject to the extraordinary general meeting’s (EGM) approval. The company’s capital …

Companies Investments

24 August 2022 10:58 AM Prime Holding denies receipt of acquisition offer

Cairo – Mubasher: Prime Holding has denied receiving any acquisition offers at the present time.  The statement was made as some news portals reported that the company had received a takeover offer, according to a stock exchange statement on …

Mergers and Acquisitions

24 July 2022 04:19 PM Al Ahly Investments ups stake in Prime Holding for EGP 3m

Cairo – Mubasher: Al Ahly Investments increased its stake in Prime Holding from 4.34% to 6.17% on 20 July, according to a bourse disclosure. Al Ahly Investments purchased 6.38 million shares in the listed company for EGP 3 million, at an average …

Companies Investments

2 March 2022 00:49 PM Prime Holding’s consolidated losses deepen 132% in 2021

Cairo – Mubasher: Prime Holding's consolidated net losses after tax amounted to EGP 56.32 million in 2021, an annual surge of 132% compared to EGP 24.25 million.  The company's gross revenues rose to EGP 100.36 million last year from EGP 78.77 …

Financial Results

15 August 2021 03:51 PM Prime Holding's loss swells to EGP 22m in H1-21

Cairo – Mubasher: The consolidated net losses of Prime Holding widened by 59.5% to EGP 21.98 million in the first half (H1) of 2021, compared to EGP 13.78 million in H1-20, including minority shareholders' rights.  The revenues increased to …

Financial Results

10 May 2021 11:55 AM Prime Holding's loss narrows 35% in Q1-21

Cairo – Mubasher: Prime Holding incurred consolidated net losses of EGP 11.36 million in the first quarter (Q1) of 2021, down by 35% year-on-year (YoY) from EGP 17.41 million, the unaudited financial results showed. The revenues hiked to EGP 33.3 …

Financial Results

1 March 2021 00:19 PM Prime Holding's loss more than doubles in 2020

Cairo – Mubasher: Prime Holding recorded consolidated net losses of EGP 24.5 million in 2020, up by 110.7% year-on-year (YoY) from EGP 11.63 million, excluding minority shareholders’ rights. The company's net profits attributable to minority …

Financial Results

8 February 2021 04:42 PM Kash Asset Management cuts stake in Prime Holding

Cairo – Mubasher: Kash Asset Management slashed its stake in Prime Holding to 0.0067% from 5.26%. The transaction involved the sale of 18.4 million shares at a combined value of EGP 21.35 million, averaging EGP 1.15 per share, according to a …

Insider Trading & Treasury Stocks

17 November 2020 04:54 PM Prime Holding plans to raise Prime FinTech's capital to EGP 100m

By: Islam Fadl  Cairo – Mubasher: Prime Holding is looking to increase the capital of Prime FinTech to EGP 100 million by the end of 2020 from EGP 75 million, the CEO, Mohamed Maher, said.  Prime FinTech has recently launched Endorse, a …

Companies Investments

11 October 2020 03:56 PM Prime Holding sees EGP 106m block-trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced that Prime Holding witnessed a block-trading deal worth EGP 105.82 million on Sunday. The transaction involved 89.68 million shares, according to a bourse statement. In a separate disclosure, …

Insider Trading & Treasury Stocks

10 August 2020 02:28 PM Prime Holding launches fintech subsidiary with EGP 50m capital

Cairo – Mubasher: Prime Holding announced the launch of a new subsidiary, Prime Fintech Holding, with a capital of EGP 50 million. The newly-launched 99.99%-owned subsidiary will operate in the financial technology sector, as part of the company’s …

Companies Investments

30 March 2020 00:54 PM Prime Capital acquires Paradigm Invest’s consulting unit

Cairo – Mubasher: Prime Holding’s investment banking arm Prime Capital announced the acquisition of Paradigm Invest’s consulting unit, according to a bourse statement on Monday. The company appointed Hussein Abdel Rehim as the CEO and Sherif …

Mergers and Acquisitions

26 February 2020 02:34 PM Prime Holding swings to losses in 2019 unaudited financials

Cairo – Mubasher: The unaudited consolidated financial results of Prime Holding showed a turn to losses during 2019. The company incurred net losses of EGP 11.63 million last year, versus net profits of EGP 32.23 million in 2018, according to a …

Financial Results

31 December 2019 03:34 PM Prime Holding’s shareholders approve share split

Cairo – Mubasher: Prime Holding announced that its extraordinary general meeting (EGM) approved a five-for-one share split.   Each share with a value of EGP 5 will be subdivided into five shares with a value of EGP 1 each, the company said in …

General Assembly

16 December 2019 09:38 AM Prime Holding names new CEO

Cairo – Mubasher: Prime Holding announced a new board structure following the dismissal of the vice chairman and CEO Khaled Rashed from the board of directors. Mohamed Maher Ali has been named as the new vice chairman and CEO, the company said in …

Board of Directors

15 December 2019 10:45 AM Prime Holding dismisses CEO, forms fact-checking committee

Cairo – Mubasher: Prime Holding announced that its vice chairman and CEO Khaled Rashed has been removed from the board of directors. The board of directors has also decided to appoint Moustafa Abdel Monem Hassan El-Hayawan as a new board member, …

Board of Directors

13 November 2019 10:33 AM Prime Holding’s profit dips 85% in 9M on lower revenues

Cairo – Mubasher: Prime Holding posted an 85% year-on-year profit retreat during the first nine months of 2019, dragged by falling revenues, the company’s consolidated financial statements showed.   Net profits plunged to EGP 4.2 million in the …

Financial Results

21 August 2019 04:48 PM Prime Holding ends talks to acquire Pharos Holding’s two units

Cairo – Mubasher: Prime Holding has ended negotiations to acquire the entire stake of Pharos Holding for Financial Investments in Pharos Securities Brokerage and Pharos Investment Banking. An agreement has not been reached after Pharos asked for a …

Corporate Actions

19 August 2019 00:57 PM Prime completes due diligence to acquire Pharos Holding’s two units

Cairo – Mubasher: Prime Holding announced the completion of the due diligence process to acquire two subsidiaries of Pharos Holding for Financial Investments; namely Pharos Securities Brokerage and Pharos Investment Banking. A preliminary …

Corporate Actions

6 August 2019 11:12 AM Prime Holding to set up new EGP 300m arm

Cairo – Mubasher: Prime Holding announced plans to establish a new company named ‘Prime Finance’. The new retail consumer finance company will be established with a capital of EGP 300 million, Prime Holding said in a statement to the Egyptian …

Companies Investments

5 August 2019 00:21 PM Prime Holding’s H1 profit slides 77%

Cairo – Mubasher: Prime Holding reported a 77% year-on-year profit decline during the first half of 2019, the company’s consolidated financial results showed. Net profits fell to EGP 4.46 million in the six-month period ended 30 June, compared to …

Financial Results

4 August 2019 10:52 AM Prime Holding acquires 10% stake in At Lease

Cairo – Mubasher: Pharos Securities announced that Prime Holding purchased a 9.99% stake in Al Tawfeek for Financial Lease (AT Lease). Prime Holding purchased about 7.99 million shares in a deal worth EGP 28.79 million at a value of EGP 2.6 per …

Corporate Actions