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Three in, three out as EGX30 rebalances
The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt,…
Edita, GB Auto, e-Finance, ODE and EKH report 3Q 2022 earnings
Bold-name companies were in with buzzer-beaters as 3Q earnings season winds down. Real estate players continued to post strong results,…
UAE investor snaps up 3% of Edita
Emirati investment firm Rimco Investments acquired a 3.0% stake in Edita for EGP 192 mn in a transaction Thursday, Bloomberg…
Edita to buy back another 3.8% of shares over 3 months
Edita’s board of directors has approved plans to buy back 3.8% of its shares as the company looks to support…
Elsewedy Electric opens second phase of industrial complex in Tanzania
Elsewedy Electric opens second phase of Tanzania industrial park: Elsewedy Electric opened a transformer factory in Tanzania yesterday, the company…
Enough earnings for you?
Yesterday was an earnings extravaganza, ladies and gentlemen. Among those reporting were (in alphabetical order): Contact Financial Holding’s net income…
Edita’s new production line is online
Edita Food Industries has started operations at its new EGP 135 mn productionline, which is set to increase Edita’s production…
Edita launches new share buyback program
Edita announces share buybacks: Edita will buy back 5% of its shares over the next two months in a bid…
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