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Porto Group rebrands to Arab Developers Holding
MARKET NEWS- Porto Group is changing its name to Arab Developers Holding after receiving board approval, according to a bourse…
Fawry, MM Group, ODE all report stellar earnings in 2Q2021
EARNINGS WATCH- Fawry’s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the…
Coca Cola, Porto Group, and BTech have big plans this year
Coca-Cola Egypt is planning to invest EGP 1 bn in Egypt this year to expand its production capacity, including setting…
Also on our radar on 1 February 2021
Porto Group is setting up a still-unnamed business development entity with Prime Group and UAE-based seafood provider Asmak after Porto’s…
Porto Group is rebranding to Porto Developments and restructuring operations
Porto Group is rebranding as Porto Developments and plans to launch three new projects in the coming period as the…
Porto, Amer Group determine their shares of USD 51.68 mn compensation payment from Syria’s Antaradous
Syrian tourism company Antaradous will pay out USD 36.6 mn in compensation to Porto Group and USD 15.1 mn to…
Egyptian Steel, Edita, Beltone now listed on rebalanced EGX30
The EGX30 swapped five companies in its regular rebalancing last week. The full rundown of the rebalancing is here (pdf).…
Earnings watch: Fawry, Porto Group
EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in…
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