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Earnings Watch: SODIC, IDH, Palm Hills, MM Group, Vodafone Egypt
Upmarket real estate developer SODIC saw a 75% drop in net income during 3Q2021 as revenues declined due to timing…
IDH hit by arbitration cases by Saudi-based Al Muhaidib Company
Saudi Arabia’s Al Muhaidib Company is in the midst of international arbitration case and two administrative cases against LSE- and…
FX reserves inch up in September. Plus: Taxing influencers and IDH launches a new radiology location
Egypt’s foreign currency reserves inched up USD 153 mn in September, reaching USD 40.83 bn from USD 40.67 bn in…
IDH net income more than quadruples in 2Q2021
Integrated Diagnostics Holdings’ (IDH) 2Q2021 net income more than quadrupled y-o-y to EGP 326.6 mn ion 2Q2021, from EGP 72…
Jumia flags Egypt as a top investment destination, looking at everything from digital payments to last-mile delivery
Africa-focused e-commerce giant Jumia plans to invest over USD 590 mn in Egypt and other African countries over the upcoming…
IDH reports surge in 1Q2021, drive by covid tests + OIH sells down Beltone stake
The EGX30 fell 1.2% at today’s close on turnover of EGP 1.69 bn (23.1% above the 90-day average). Local investors…
IDH actively looking for M&A targets outside Egypt
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) is actively screening for targets that would allow it to expand into new…
IDH obtains USD 45 mn in financing from IFC
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) has secured a USD 45 mn debt financing package from the International Finance…
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