• Monday, 9 January 2023

    Prime Holding has a new CEO + Management shake-up at the SCZone

    Prime Holding appointed Hassan Samir (LinkedIn) as vice-chairman, managing director, and CEO of the company in a board meeting last week, according to an EGX disclosure (pdf). Samir was previously Prime Holding’s managing director for capital markets and has been...
  • Wednesday, 2 November 2022

    Earnings watch: Prime Holdings reports widening losses

    EARNINGS WATCH-Prime Holding’s losses after one-offs and minority interest widened 62% y-o-y in 3Q 2022 to EGP 20.9 mn, according to the company’s earnings release (pdf). Revenues jumped 6% y-o-y to EGP 27.6 mn. MARKET ROUNDUP-The EGX30 fell 1.7% at...
  • Monday, 15 August 2022

    Second-quarter earnings overdose

    EARNINGS WATCH-Prime Holding narrowed its losses in 2Q 2022 to EGP 10.14 mn, from EGP 14.88 in the same quarter last year, according to the company’s earnings release (pdf). The company’s revenues dipped 3.5% y-o-y during the quarter to EGP...
  • Monday, 15 August 2022

    Ghazl El Mahalla has another two weeks to land its micro-IPO

    The retail component of Ghazl El Mahalla’s IPO has been extended for another two weeks until 28 August due to weak investor demand, according to an EGX bulletin. Subscription was supposed to close yesterday, but the football club has so...
  • Sunday, 3 July 2022

    Ghazl El Mahalla IPO could be extended

    Subscription to the retail offering in Ghazl El Mahalla’s IPO has been extended until 13 August due to weak investor demand for the football club’s shares, Al Borsa reports. The club was originally expected to wrap up the retail component...
  • Wednesday, 8 June 2022

    Ghazl El Mahalla’s public offering begins next Sunday

    The public placement for Ghazl El Mahalla FC’s IPO will begin on Sunday, 12 June and last until Friday, 1 July, according to a press release (pdf) out yesterday. The club has set its share price at EGP 1.02, and...
  • Monday, 30 May 2022

    Earnings watch: Prime Holding, GSK,

    EARNINGS WATCH- Prime Holding’s bottom-line losses widened further in 1Q2022 to EGP 17.5 mn compared to EGP 11.4 mn in 1Q2021, according to an earnings release (pdf). Revenues fell 38% in 1Q2022 to EGP 20.1 mn.GlaxoSmithKline saw its bottom line...
  • Tuesday, 24 May 2022

    Ghazl El Mahalla could wrap its IPO in June

    Ghazl El Mahalla football club’s public subscription notice (PSN) will be out in a few days, Mohamed Maher, head of bookrunner Prime Holding, confirmed to Enterprise. The EGP 98 mn public offering to retail investors has received approval from the...
  • Monday, 28 February 2022

    Earnings watch: Prime Holding, EFIC, Arabian Cement

    EARNINGS WATCH- Prime Holdings widened its losses 132% y-o-y, achieving net losses of EGP 56.6 mn in 2021, compared to EGP 24.5 mn in 2020, according to a financial statement (pdf). The company’s revenues rose to EGP 100.4 mn in...

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