EARNINGS WATCH- Oriental Weavers profits increase 54% in 2019: Oriental Weavers posted net profits after tax and minority interests of EGP 775 mn in 2019, a 54% increase from the previous year, according to an EGX filing (pdf). Revenues fell 2.6% to EGP 10.1 bn during the period, down from EGP 10.4 bn from 2018.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…