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What we’re tracking on 14 June 2020
The brevity of this morning’s issue reflects a news day cut short by continuing concern about the spread in Egypt…
HOUSING
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Earnings watch: Ibnsina Pharma, Emaar Misr
EARNINGS WATCH- Ibnsina Pharma has reported a 19.8% increase in 1Q2020 net profits to EGP 50.3 mn, from EGP 42…
PHD signs EGP 3.5 bn agreement with Al Shorouk for Ain Sokhna development
Palm Hills Developments (PHD) has signed a EGP 3.5 bn agreement with Al Shorouk for Touristic Developments to build a…
NUCA to reduce late fees on homes, businesses in new cities to encourage property owners to pay their arrears
NUCA to reduce late fees on homes, commercial property in new cities to encourage property owners to pay their arrears:…
Canada’s Stantec selected to lead EUR 456.5 mn Fayoum wastewater expansion project
The Egyptian Holding Company for Water and Wastewater has tapped Canadian design and consulting services firm Stantec to lead the…
Earnings Watch: Arafa Holding, MNHD
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit grew 13.7% in 1Q2020 to reach EGP 378.1 mn, up…
HHD general assembly approves new board
MOVES- HHD general assembly approves new board: State-owned Heliopolis Housing and Development shareholders approved the appointment of the new board…
Earnings Watch- HHD reports EGP 379.59 mn in profits in 9M2019-2020
EARNINGS WATCH- Heliopolis for Housing and Development (HHD) reported more than eight-fold y-o-y increase in its 9M2019-2020 topline to EGP…
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