{"id":597831,"date":"2019-05-06T04:16:48","date_gmt":"2019-05-06T04:16:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/"},"modified":"2019-05-06T04:16:48","modified_gmt":"2019-05-06T04:16:48","slug":"qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/","title":{"rendered":"Qalaa Holdings expects revenues to exceed EGP 90 bn next year"},"content":{"rendered":"<p><a href=\"http:\/\/www.qalaaholdings.com\/\"><b>Qalaa Holdings<\/b><\/a><b> expects to record revenues north of EGP 90 bn (USD 5.25 bn) next year,<\/b> Chairman Ahmed Heikal told <a href=\"https:\/\/www.zawya.com\/mena\/en\/markets\/story\/Egypts_Qalaa_Holdings_revenues_to_exceed_525bln_next_year__chairman-TR20190505nS8N1WU02EX5\/\">Reuters<\/a>. Some EGP 50-55 bn will come from the investment company\u2019s <a href=\"http:\/\/www.qalaaholdings.com\/subsidiaries\/egyptian-refining-company\">Egyptian Refining Company<\/a>, which is expected to produce 2.4 mn tonnes of diesel every year after it begins operations in 3Q2019. Heikal <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june-3\/\">said last month<\/a> that the refinery will begin commercial production in June before reaching full capacity by September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qalaa Holdings expects to record revenues north of EGP 90 bn (USD 5.25 bn) next year, Chairman Ahmed Heikal told Reuters. Some EGP 50-55 bn will come from the investment company\u2019s Egyptian Refining Company, which is expected to produce 2.4 mn tonnes of diesel every year after it begins operations in 3Q2019. Heikal said last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[2391,72,125,613,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597831","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-refining-company","tag-enterpriseam","tag-investment-watch","tag-qalaa-holdings","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"df256c29-abb4-4bef-9202-c46dca5b3bf7","is_powered_by":true,"section_story_id":"a616dd01-1ab5-4c79-b118-882d4c206957","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597812],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Qalaa Holdings expects revenues to exceed EGP 90 bn next year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qalaa Holdings expects revenues to exceed EGP 90 bn next year\" \/>\n<meta property=\"og:description\" content=\"Qalaa Holdings expects to record revenues north of EGP 90 bn (USD 5.25 bn) next year, Chairman Ahmed Heikal told Reuters. Some EGP 50-55 bn will come from the investment company\u2019s Egyptian Refining Company, which is expected to produce 2.4 mn tonnes of diesel every year after it begins operations in 3Q2019. Heikal said last [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-06T04:16:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Qalaa Holdings expects revenues to exceed EGP 90 bn next year\",\"datePublished\":\"2019-05-06T04:16:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian Refining Company\",\"EnterpriseAM\",\"investment watch\",\"Qalaa Holdings\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/qalaa-holdings-expects-revenues-to-exceed-egp-90-bn-next-year\/\",\"name\":\"Qalaa Holdings expects revenues to exceed EGP 90 bn next year - 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That includes capital earmarked for subsidiary Egyptian Refining Company\u2019s USD 4.3 bn refinery in Mostorod, which is currently around 98% complete,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626465,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/","url_meta":{"origin":597831,"position":1},"title":"Earnings Watch: Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018: Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf). 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