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Arabia Investments hearing against Peugeot postponed until 9 June
The court hearing for a case brought by Arabia Investments Holding (AIH) against Peugeot has been postponed until 9 June,…
Other Business News of Note
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Other Business News of Note
EFG to pay EGP 499 mn in dividends at 0.65 per share
EFG Hermes agreed this week to pay EGP 499 mn in dividends to shareholders at 0.65 per share, according to…
MM Group shareholders approve 0.25 share/ each held as 2018 dividend
MM Group shareholders approved stock dividends for 2018 of one share for every four shares held , the company said…
Majid Al Futtaim to invest EGP 700 mn to open 20 new Carrefour outlets in Egypt
Majid Al-Futtaim Group (MAF) is planning to invest EGP 700 mn in Egypt this year to open 20 new Carrefour…
Egyptian Iron and Steel Company to consider tender from Russia’s MetProm
The Egyptian Iron and Steel Company is considering an offer from Russian company MetProm in a tender to help the…
Madbouly meets with CEO of Kuwaiti Al Kharafi Group
Prime Minister Moustafa Madbouly met yesterday with the CEO of the Al Kharafi Group to discuss how the company can…
SODIC shareholders approve EGP 0.5/share 2018 dividend payout
SODIC shareholders approved the board’s recommendation to proceed with a dividend payment of EGP 0.5 per share 2018, the company…
Egypt’s FRA requires companies to extend GA invitations 21 days in advance
Publicly-traded companies’ boards of directors will need to provide no less than 21-days notice when inviting shareholders to general assembly…
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