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Earnings: Fawry, PHD, Al Ahly for Development and Investment, ADIB, Misr Cement (Qena)
EARNINGS WATCH- Fawry’s net profit surged 99% y-o-y in 9M2020 to EGP 119.1 mn from EGP 59.7 mn last year,…
DEVELOPMENT
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Odin Investments to move forward with El Nasr Civil Works acquisition this month
M&A WATCH- Odin Investments to move forward with El Nasr Civil Works acquisition this month: Odin Investments is expected to…
Earnings Watch: At the buzzer: Lots and lots and lots of 3Q2020 earnings
EARNINGS WATCH- Lots and lots of companies released earnings at the buzzer yesterday, the final day for listed corporations to…
Earnings watch: SODIC, Beltone Financial, Naeem Holding, TE, TMG Holding, HDB
EARNINGS WATCH- SODIC’s net profits rose 179% to EGP 468 mn y-o-y in 3Q2020, according to the company’s earnings release…
Samih Sawiris to offload shares in Orascom Housing Communities to UK fund
M&A WATCH- Samih Sawiris will offload his shares in affordable housing player Orascom Housing Communities to an unnamed British investment…
Al Futtaim Real Estate to invest EGP 5.5 bn in real estate developments in 2021
INVESTMENT WATCH- Al Futtaim Real Estate will invest EGP 5.5 bn in real estate developments in 2021, Managing Director Ashraf…
EBRD, CDC consortium acquire 99.6% of Egypt’s Adwia pharma
M&A WATCH- EBRD-CDC consortium acquires 99.6% of Adwia Pharma: A consortium of the European Bank for Reconstruction and Development, the…
Egypt Ventures to invest EGP 62 mn in 2020
STARTUP WATCH- Government-backed VC fund Egypt Ventures plans to close out 2020 having invested EGP 62 mn over the previous…
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