{"id":631353,"date":"2018-03-15T03:50:55","date_gmt":"2018-03-15T03:50:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/"},"modified":"2018-03-15T03:50:55","modified_gmt":"2018-03-15T03:50:55","slug":"oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","title":{"rendered":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year"},"content":{"rendered":"

Oriental Weavers is planning to acquire assets worth EGP 147.6 mn this year, Al Borsa reports<\/a>, without providing further details on the nature of these assets. The company had previously announced that it intends to invest around EGP 480 mn in 2018 to purchase new looms and spinning machinery.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oriental Weavers is planning to acquire assets worth EGP 147.6 mn this year, Al Borsa reports, without providing further details on the nature of these assets. The company had previously announced that it intends to invest around EGP 480 mn in 2018 to purchase new looms and spinning machinery.<\/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":[9315],"tags":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631353","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"8f35673e-dce7-4809-bf05-e588716aafb0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year","related_issue":[631312],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.247ca69a-1521-4cdc-be95-b993385f3187.mp3"},"yoast_head":"\nOriental Weavers plans to acquire assets worth EGP 147.6 mn this 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\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year\" \/>\n<meta property=\"og:description\" content=\"Oriental Weavers is planning to acquire assets worth EGP 147.6 mn this year, Al Borsa reports, without providing further details on the nature of these assets. The company had previously announced that it intends to invest around EGP 480 mn in 2018 to purchase new looms and spinning machinery.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-15T03:50:55+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\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year\",\"datePublished\":\"2018-03-15T03:50:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\"},\"wordCount\":57,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\",\"name\":\"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-03-15T03:50:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","og_locale":"en_US","og_type":"article","og_title":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year","og_description":"Oriental Weavers is planning to acquire assets worth EGP 147.6 mn this year, Al Borsa reports, without providing further details on the nature of these assets. The company had previously announced that it intends to invest around EGP 480 mn in 2018 to purchase new looms and spinning machinery.","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-03-15T03:50:55+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year","datePublished":"2018-03-15T03:50:55+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/"},"wordCount":57,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Other Business News of Note"],"articleSection":["Other Business News of Note"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/","name":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-03-15T03:50:55+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/oriental-weavers-plans-to-acquire-assets-worth-egp-147-6-mn-this-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Oriental Weavers plans to acquire assets worth EGP 147.6 mn this year"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":598087,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/earnings-watch-oriental-weavers-sarwa-capital\/","url_meta":{"origin":631353,"position":0},"title":"Earnings Watch: Oriental Weavers, Sarwa Capital","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"EARNINGS WATCH- Sarwa Capital\u2019s net income after tax rose 130% to EGP 120 mn in 1Q2019, up from EGP 52 mn during the same period last year, the company said in a statement (pdf). \u201cWe are pleased to announce our record quarterly profits amidst an eventful period full of developments\u2026","rel":"","context":"In "Speed Round"","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":544288,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/earnings-watch-el-nasr-civil-works-oriental-weavers-eipico\/","url_meta":{"origin":631353,"position":1},"title":"Earnings watch: El Nasr Civil Works, Oriental Weavers, EIPICO","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"EARNINGS WATCH-El Nasr Civil Works reported a net income of EGP 958k in 2021, reversing from net losses of EGP 27.02 mn in 2020, according to the company\u2019s financials (pdf). Revenues saw a 24.5% annual drop for the year to record EGP 135.82 mn.Oriental Weavers reported a net income of\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551146,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/earnings-watch-mm-group-oriental-weavers-emaar-misr-report-1q2022-results\/","url_meta":{"origin":631353,"position":2},"title":"Earnings watch: MM Group, Oriental Weavers, Emaar Misr report 1Q2022 results","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"EARNINGS WATCH-MM Group reported a 60.1% y-o-y drop in its 1Q2022 bottom line, recording EGP 51 mn, according to an earnings release (pdf). The company\u2019s consolidated revenues also fell 22.9% y-o-y during the quarter to hit EGP 1.94 bn.Oriental Weavers recorded EGP 260.06 mn in net income in 1Q2022, down\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569431,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/24\/oriental-weavers-profits-increase-54-increase-in-2019\/","url_meta":{"origin":631353,"position":3},"title":"Oriental Weavers profits increase 54% increase in 2019","author":"enterpriseam admin","date":"24 February 2020","format":false,"excerpt":"EARNINGS WATCH- Oriental Weavers profits increase 54% in 2019: Oriental Weavers posted net profits after tax and minority interests of EGP 775 mn in 2019, a 54% increase from the previous year, according to an EGX filing (pdf). Revenues fell 2.6% to EGP 10.1 bn during the period, down from\u2026","rel":"","context":"In "Speed Round"","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":592921,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/earnings-watch-elsewedy-electric-oriental-weavers-domty\/","url_meta":{"origin":631353,"position":4},"title":"Earnings watch: Elsewedy Electric, Oriental Weavers, Domty","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during the same period last year, the company said in its earnings release (pdf). Revenues during the first nine months of 2019 increased 14.0% y-o-y to EGP 34.5 bn, which the\u2026","rel":"","context":"In "Speed Round"","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":576071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/09\/earnings-watch-cira-oriental-weavers-credit-agricole\/","url_meta":{"origin":631353,"position":5},"title":"Earnings watch: CIRA, Oriental Weavers, Credit Agricole","author":"enterpriseam admin","date":"9 November 2020","format":false,"excerpt":"EARNINGS WATCH- CIRA revenues cross EGP 1 bn mark in FY2019-2020: Private sector education outfit CIRA reported a 54% y-o-y rise in net revenues to EGP 1.09 bn in their 2019-2020 fiscal year, which ends on 31 August, according to the company\u2019s earnings release (pdf). Net profit for the year\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=631353"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631353\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631312"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631353"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631353"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}