Latest news with #EGX
Zawya
5 hours ago
- Business
- Zawya
Egypt: Orascom Construction to transfer primary listing to ADX
Arab Finance: Orascom Construction PLC's board has approved transferring the company's primary share listing to the Abu Dhabi Securities Exchange (ADX), while retaining its secondary listing on the Egyptian Exchange (EGX). The decision, made during a board meeting held on July 27th, 2025, involves delisting the company's shares from the Nasdaq Dubai, subject to shareholders' approval and the completion of all required regulatory procedures and approvals. The move will establish a dual listing structure, with ADX becoming the company's principal trading venue and EGX maintaining its role as the secondary market, without affecting the status of the company's shares on the latter. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
5 hours ago
- Business
- Zawya
Egypt: EGX closes Tuesday's session with positive note
Arab Finance: The Egyptian Exchange (EGX) ended Tuesday's trading session on a positive note after the EGX30 index rose by 0.03% to 34,085.74 points. The Sharia-compliant index, EGX33 Shariah, went up by 0.76% to 3,480.44 points. Both the EGX70 index and the EGX100 index ended the session higher by 0.41% at 10,197.03 points and by 0.42% at 13,776.82 points, respectively. The trading value hit EGP 4.150 billion through the exchange of 1.637 billion shares in 101,291 transactions, while the market cap reached EGP 2.391 trillion. Egyptian investors took over 88.59% of the trading transaction, while Arab and foreign traders accounted for 4.12% and 7.28%, respectively. Individuals controlled 71.68% of the total trading, while the institutions represented 28.31%. Arab and foreign investors were sellers with EGP 72.251 million and EGP 64.753 million, respectively. The Egyptian traders were buyers with EGP 137 million. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Orascom Construction's board greenlights transferring primary listing to ADX
Cairo – The board members of Orascom Construction approved transferring its primary share listing to the Abu Dhabi Securities Exchange (ADX) while maintaining its secondary listing on the Egyptian Exchange (EGX). Subject to the approval of the shareholders and regulatory procedures, the UAE-based company will delist its shares from the Nasdaq Dubai, according to a bourse disclosure. The dual-listed firm will also relocate from the DIFC to ADGM after obtaining the required approvals and completing the necessary measures. In the three-month period that ended on 31 March 2025, Orascom Construction logged consolidated net profits worth $27.10 million, an annual drop from $49.80 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Egypt: SODIC posts 107.5% YoY consolidated profit in H1 2025
Egypt - Sixth of October Development and Investment Company (SODIC) reported a 107.48% year-on-year (YoY) surge in consolidated net profits attributable to the parent company during the first half (H1) of 2025 to EGP 1.297 billion from EGP 625.535 million, according to financial statement. Total operating revenues soared to EGP 4.779 billion in H1 2025 from EGP 3.935 billion in H1 2023. On the other hand, the firm's standalone net profits after tax soared to EGP 390.101 million in the six-month period, versus EGP 45.885 million over the same period a year ago. Meanwhile, standalone operating revenues declined to EGP 2.171 billion from EGP 1.486 billion. Established in 1996, SODIC is a mixed-use developer listed on the EGX, with a portfolio of diversified projects across Egypt, particularly in Cairo and the North Coast. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
23-07-2025
- Business
- Zawya
Egypt: Egytrans discloses dividends payment date for 2024
Arab Finance: Egyptian Transport and Commercial Services Company (ETRS) (Egytrans) announced the payment date of the EGP 0.250 per share cash dividends for 2024 earnings, according to a filing to the Egyptian Exchange (EGX) on July 22nd. The cash dividends will be paid on August 7th, with the eligibility in distribution to shareholders until August 4th's trading session. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
