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Qalaa Holdings offloads 18% stake in Taqa Arabia in debt settlement agreement
The company will retain the right to repurchase its shares in Taqa Arabia within the next five years
FRA approves B Investments’ acquisition of Orascom Financial. PLUS: Synergy Capital, Ras El Hekma, Egyptian Healthcare Authority, Qalaa Holdings, green hydrogen
B Investment' board in December agreed to an MTO swap ratio of one B Investments share to 56.76 OFH shares
Qalaa subsidiary launches tender for 6 fuel depots. PLUS: News from Education Ministry, Giza Systems, Contact Pay
The project will allow Qalaa to increase its diesel production
Qalaa Holdings’ bottomline leaps in 3Q 2023
An overhaul of the Egyptian Refining Company helped boost revenues
Qalaa’s Egyptian Refining Company earmarks USD 150 mn to boost production
ERC is expected to log USD 3 bn in revenues this year
Taqa Arabia reshuffles board following stake sale. PLUS: New cabinet spokesperson, e-Aswaaq has a new CEO
The military now has three representatives on the board following its acquisition of 20% of the company in July
Qalaa Holdings reports 2Q loss on higher borrowing costs
Solid growth at Taqa Arabia helped offset a drop in revenues at the ERC
CIRA Education plans second bond issuance. PLUS: aiBank, Taqa Arabia, Orascom Construction, EDF Renewables, and more
The Egypt-based education provider securitized future cashflows for the first time last year
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