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What we’re tracking on 28 February 2019
Longtime readers know we have a soft spot for Qalaa Holdings’ USD 4.3 bn Egyptian Refining Company — and for…
Qalaa Holdings
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Qalaa Holdings
CIB to arrange USD 80 mn loan to Qalaa’s ERC
CIB is arranging a USD 80 mn loan to Qalaa Holdings’ Egyptian Refining Company (ERC) with a tenor of one…
Saudi’s Olayan buys 5 mn Qalaa Holdings shares for EGP 19 mn
M&A WATCH- Saudi’s Olayan acquires 5 mn Qalaa Holdings shares for EGP 19 mn: Olayan Saudi Investment Company (OSIC) has…
Qalaa will not sell shares in ARC and TAQA Arabia when they IPO
CLARIFICATION- Qalaa will not sell shares in ARC and TAQA Arabia when they IPO: Qalaa Holdings is planning to go…
Qalaa signs MoU with Qatar Petroleum to raise its stake in Egyptian Refining Company
M&A WATCH- Qalaa inks MoU to raise stake in key subsidiary Egyptian Refining Company: Qalaa Holdings has signed an MoU…
TAQA Arabia to connect its 50 MW Benban solar power plant to the national grid on 15 January
Qalaa Holding’s subsidiary TAQA Arabia is expected to connect its USD 80 mn, 50 MW solar power plant in Aswan’s…
Earnings watch: Qalaa Holdings reports 3Q18 results
EARNINGS WATCH- Qalaa Holdings recorded a net profit of EGP 126.4 mn in 3Q2018, up from a net loss of…
TAQA, Alcazar, FAS Energy to link 150 MW of power to nat’l grid in two weeks
TAQA Arabia, Alcazar Energy, and FAS Energy are expected to complete each of their 50 MW solar power plants in…
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