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Prime Holding reports EGP 18 mn loss, Arabian Cement reports EGP 5.64 loss for 1H2020, Ibnsina Pharma reports 16% growth in revenues
EARNINGS WATCH- Ibnsina Pharma’s net profits dipped 36.8% y-o-y to EGP 38.7 mn in 2Q2020, from EGP 62.2 mn in…
Moves: Court of Cassation, TPay Mobile, Prime Holding
MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the…
Prime Holding to offload AT Lease holdings after launching fintech subsidiary
M&A WATCH- Prime Holding is planning to offload the entirety of its stake in Al Tawfeek Leasing to avoid a…
Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease
Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as…
Earnings Watch: Beltone, Prime Holding, AT Leasing
EARNINGS WATCH- Beltone Financial reported a net loss of EGP 8.4 mn during the first three months of 2020, compared…
Financial advisor Prime Holdings to complete six transactions worth EGP 2.3 bn
M&A WATCH- Prime Holdings is working on six transactions worth up to EGP 2.3 bn, all of which it expects…
Central Bank of Egypt leaves rates unchanged in May
CBE decides to keep a bullet in its chamber, leaving rates on hold at MPC meeting: The Central Bank of…
Prime Holdings acquires M&A advisor Paradigm Invest
M&A WATCH- Prime Holding has acquired boutique advisor Paradigm Invest as part of its expansion into investment banking, according to…
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