Stock market announcements. Rise and fall of company capital
The week follows the announcements of stock exchange companies, with the aim of providing a complete service at the end of the day for observers and experts, about the operations of listed companies that record consecutive positive or negative trends, which requires the necessity of their disclosure to the stock exchange management, and this is announced to traders, within the framework of transparency and application rules in place to avoid any fake news or information for public and private money.
Company announcements vary between quarterly financial results, purchase of own shares or positive decisions, through changes in statutes and capital increases. 2022.. Here are the details:
The stock exchange examines the reduction of the capital of “El Sewedy Electric” by 13.4 million pounds
El Sewedy Electric has filed documents with the Egyptian Stock Exchange to reduce its issued capital from £2.184bn to £2.17bn, a reduction of £13.4m, at a nominal value of £1 per share.
And while the Egyptian Stock Exchange said, in today’s statement on Tuesday, that the reduction is by execution of treasury shares with the number of 13,402,124 shares, it indicated that the documents submitted by the company are being examined and finalized for presentation to the Listing Committee.
And El Sewedy Electric made a profit of £3.33 billion during the period January to September 2022, compared to a profit of £2.51 billion in the comparative period 2021. The parent company’s share of the profit during the period was was around £3.09bn at the end of September, compared to £2.29bn during the same period last year.
… and a review of the documentation for the registration of the right to enroll in Abu Dhabi Islamic Bank
The Egyptian Stock Exchange announced that Abu Dhabi Islamic Bank – Egypt has submitted documents for subscription rights, separately from the original share, with a number of 100 million rights, in exchange for shares to increase the bank’s capital from £4 billion to £5 billion.
The stock exchange reported that the increase was £1 billion, divided into 100 million shares, with a nominal value of £10 per share, with issue costs of 5 piastres per share. And the increase is by inviting the old shareholders to subscribe in money for shares of the increase, each according to the percentage of their stake in the capital, whereby the subscription rights are allowed to circulate separately from the original share.
The stock exchange added that the documents submitted by the bank are being examined and finalized for presentation to the Listing Committee. Abu Dhabi Islamic Bank – Egypt (ADIB), and the bank made a net profit of 1.58 billion pounds in the period from January to the year. at the end of September 2022, compared to £1.06 billion during the same period last year.
The shareholder increases his share in the capital of «Arab Engineering Industries» to 10.07%
New Brent Securities Brokerage Company has confirmed that a client, Ayman Ibrahim Abdel Moneim Al-Nahhas, has increased his stake in Arab Company for Engineering Industries from 9.9% to 10.07%.
The company said in a statement to the stock exchange that shareholder Ayman Al-Nahhas bought 600,000 shares in Arab Engineering Industries, worth a total of £762,000, at an average price of £1.27 per share, indicating that the shareholder’s ownership of the percentage and associated group after the deal was 17 , 27%.
Arab Engineering Industries posted a net profit of £10.01m in the period from January to the end of September 2022, compared to a profit of £13.79m in the same period last year.
“Dice Ready-to-Wear” denies opening a zipper factory
Clothing company Dice has denied rumors of a zipper factory opening, confirming in a statement to the Stock Exchange that the news was unfounded.
Dice posted a net profit of £84.91m from the start of January to the end of last September, compared with a profit of £19.02m in the same period last year, taking minority rights into account.
The parent company’s shareholders’ equity for the nine months at the end of September was £84.39m, compared with a profit of £17.36m in the same period last year.
While the rights of owners of non-controlling interests in profit recorded about 523.03 thousand pounds, compared to 1.66 million pounds during the comparative period of 2021.
Al-Arabiya’s Land Reclamation losses rise to £4.5m in 3 months
Arab Land Reclamation Company’s financial reports revealed that the company’s net losses during the first quarter of the current fiscal year increased by 45% year-on-year.
And the company said in a statement to the Stock Exchange that it recorded losses of £4.53m in the period from July to the end of September 2022, compared with losses of £3.12m in the same period last fiscal year. .
The company’s sales rose over the three months to reach £36.42m at the end of September, compared to £17.5m in the same period of the previous fiscal year. Al-Arabiya Land Reclamation made a net profit of £1.19m in the period from July 2021 to the end of June 2022, compared to a profit of £1.26m in the comparable period of the previous fiscal year.
Revenue from the company’s operations rose during the last financial year to £163.07 million, compared to revenue of £102.12 million during the previous fiscal year.
December 25 … the end of rights and the date of the distribution of “Suez Canal” coupons for the localization of technology.
The Egyptian Stock Exchange announced that the right to cash distribution of Suez Canal Technology Localization Company will expire at the close of session on Sunday, December 25, 2022.
The company said today, Tuesday, in a statement to the Egyptian Stock Exchange that it has been decided to distribute the Suez Canal technology localization coupon no. (22), at 5400 EGP per share.
And the “Suez Channel for Technology Localization” made a net profit of £597.3 million during the period from September 2021 to the end of August 2022, compared to a profit of £669.59 million during the previous fiscal year. The company’s revenue rose to £1.39bn, compared with £1.29m in the previous financial year.
The integrated group invites its general assembly to discuss recapitalization
The Integrated Engineering Group has decided to call its general assembly on Thursday, December 29, to discuss the increase in share capital from EGP 30 million to EGP 100 million.
A statement to the stock exchange said the AGM would also discuss increasing the company’s capital from £15m to £29m, with the £14m increase spread over 140m shares with a par value of just 10p. , through cash subscription or through credit balances, with the implementation of trading. Right of subscription.
The General Assembly will consider a detailed study of the profitability of using the funds for the increase for shareholders in order to discuss it, as well as the amendment of Article 3 of the Statute.
The Integrated Engineering Works group recorded losses of £298.22 thousand from the beginning of January to the end of September last year, compared with losses of £327.21 thousand in the same period last year.
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The week follows stock market announcements… positive results for companies and new decisions
