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Qalaa Holdings SAE (CCAP.CA)

CCAP.CA on Cairo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Egypt's Qalaa Holdings Posts Q2 Consol Profit
Sunday, 30 Sep 2018 

Sept 30 (Reuters) - QALAA HOLDINGS ::IN Q2, GROUP RECORDED CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF EGP 486.9 MILLION VERSUS LOSS OF EGP 2.76 BILLION YEAR AGO.Q2 CONSOL REVENUE EGP 3.13 BILLION VERSUS EGP 2.23 BILLION YEAR AGO.H1 CONSOL NET PROFIT EGP 233.3 MILLION VERSUS LOSS OF EGP 3.67 BILLION YEAR AGO.IN 2Q18, QALAA RECORDED AN EGP 919.6 MILLION NON-CASH GAIN FROM DECONSOLIDATION OF OPERATIONAL LIABILITIES UNDER AFRICA RAILWAYS.EXPECTS SECOND ONE-OFF NON-CASH GAIN OF C. EGP 2.5 BILLION (RELATED TO DEBT PORTION OF AFRICA RAILWAYS) DURING COMING MONTHS ONCE A SALE OR LIQUIDATION TAKES PLACE.GAINS WILL HELP OFFSET EFFECT OF A RELATED IMPAIRMENT OF EGP 3.2 BILLION BOOKED IN FY17.SAYS ALSO LOOKING TO INCREASE ITS OWNERSHIP IN EGYPTIAN REFINING CO’S TRANSFORMATIVE PROJECT WHICH IS NOW 98% COMPLETE WITH START OF COMMISSIONING BY END OF 2018.NEW CAPACITIES FOR RDF PRODUCTION AT TAWAZON HAVE ALREADY BEEN PROCURED AND COMMISSIONING IS EXPECTED BY 2019.  Full Article

Egypt's Qalaa Holdings Posts Q2 Standalone Profit
Sunday, 30 Sep 2018 

Sept 30 (Reuters) - QALAA HOLDINGS ::Q2 STANDALONE NET PROFIT EGP 61 MILLION VERSUS LOSS OF EGP 57.7 MILLION YEAR AGO.H1 STANDALONE NET LOSS EGP 2.4 MILLION VERSUS LOSS OF EGP 102.4 MILLION YEAR AGO.  Full Article

Qalaa Holdings Unit To Divest Stake In Algerian Cement Plant
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - QALAA HOLDINGS ::SAYS UNIT ASEC CEMENT STARTS TALKS TO DIVEST CEMENT PLANT IN ALGERIA.SAYS UNIT ASEC OWNS 35 PERCENT STAKE IN ZAHANA CEMENT PLANT.  Full Article

Qalaa Holdings Invests In Taqa Arabia's Aswan Solar Power Project
Monday, 27 Aug 2018 

Aug 27 (Reuters) - QALAA HOLDINGS SAE ::INVESTS IN TAQA ARABIA'S EXISTING PROJECT TO PRODUCE SOLAR POWER THROUGH SOLAR CELLS IN COLLABORATION WITH HASSAN ALLAM HOLDING.PROJECT COST IS AROUND EGP 1.35 BILLION.SAYS REVENUE OF PROJECT IS EXPECTED TO REACH $10.8 MILLION PER ANNUM.SAYS TAQA ARABIA OWNS 60 PERCENT SHARES AND HASSAN ALLAM OWNS 40 PERCENT SHARES IN THE PROJECT.EXPECTS PROJECT TEST-RUN BY YEAR END AND START OF ELECTRICITY PRODUCTION IN THE BEGINNING OF YEAR 2019.  Full Article

Qalaa Holdings Invests In Taqa Arabia's Solar Power Project
Monday, 27 Aug 2018 

Aug 27 (Reuters) - QALAA HOLDINGS ::INVESTS IN ONE OF TAQA ARABIA'S PROJECT TO PRODUCE SOLAR POWER THROUGH SOLAR CELLS IN COLLABORATION WITH HASSAN ALLAM HOLDING.PROJECT COST IS AROUND EGP 1.35 BILLION.SAYS REVENUE OF PROJECT IS EXPECTED TO REACH $10.8 MILLION PER ANUM.SAYS TAQA ARABIA TO OWN 60 PERCENT SHARES AND HASSAN ALLAM TO OWN 40 PERCENT SHARES IN THE PROJECT.  Full Article

Qalaa Holdings Says Studying Arab Refining's Stake Sale Through Stock Exchange
Wednesday, 4 Jul 2018 

July 4 (Reuters) - QALAA HOLDINGS SAE ::SAYS CURRENTLY STUDYING WAYS AND TIMINGS OF THE SALE OF STAKES IN SOME OF ITS PORTFOLIO COMPANIES, INCLUDING ARAB REFINING COMPANY.SAYS SALE OF STAKE IN PORTFOLIO COMPANIS TO BE THROUGH STOCK EXCHANGE IN COMING FEW YEARS WHILE RETAINING ITS CONTROL OF SUCH PORTFOLIO COMPANIES.SAYS DETAILS OF ANY IPO OF SUCH COMPANIES WILL BE ANNOUNCED IN DUE COURSE.  Full Article

Egypt's Qalaa Holdings Q1 Standalone Loss Widens
Monday, 2 Jul 2018 

July 2 (Reuters) - QALAA HOLDINGS SAE ::Q1 STANDALONE NET LOSS EGP 63.4 MILLION VERSUS LOSS OF EGP 44.8 MILLION YEAR AGO.  Full Article

Qalaa Holdings Announces Incorporation Of New Company Between Castrol And Taqa Arabia
Sunday, 3 Jun 2018 

June 3 (Reuters) - QALAA HOLDINGS ::ANNOUNCES INCORPORATION OF NEW COMPANY BETWEEN CASTROL AND TAQA ARABIA.CAPITAL OF NEW COMPANY TO BE EGP 20 MILLION.TAQA ARABIA TO HOLD 49 PERCENT STAKE IN NEW COMPANY.  Full Article

Egypt's Qalaa Holdings FY Consol Loss Widens To EGP 5.95 Bln
Tuesday, 15 May 2018 

May 15 (Reuters) - QALAA HOLDINGS SAE ::FY CONSOL NET LOSS EGP 5.95 BILLION VERSUS LOSS OF EGP 5.64 BILLION YEAR AGO.FY CONSOL REVENUE EGP 9.28 BILLION VERSUS EGP 7.62 BILLION YEAR AGO.  Full Article

Egypt's Qalaa Holdings FY Standalone Loss Narrows
Tuesday, 15 May 2018 

May 15 (Reuters) - QALAA HOLDINGS ::FY STANDALONE NET LOSS EGP 452.3 MILLION VERSUS LOSS OF EGP 2 BILLION YEAR AGO.  Full Article