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MM Group for Industry and International Trade SAE (MTIE.CA)

MTIE.CA on Cairo Stock Exchange

8.99EGP
12 Dec 2018
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Latest Key Developments (Source: Significant Developments)

MM Group Says No Impact of Custom Dollar Rate On Mobiles And Home Appliances Prices
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::SAYS CUSTOM DOLLAR RATE WILL NOT HAVE IMPACT ON PRICES OF MOBILE PHONES AND HOME APPLIANCES.SAYS CUSTOM DOLLAR RATE WILL HAVE NEUTRAL IMPACT ON LOCALLY ASSEMBLED SAMSUNG TVS.SAYS FOUR CAR BRANDS DISTRIBUTED BY CO WILL BE SUBJECT TO DECISION OF CANCELLING CUSTOMS ON CARS IMPORTED FORM EUROPEAN UNION STARTING 2019.  Full Article

Egypt's MM Group Raises Stake In Qanawat To 62.7 Pct
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::ACQUIRES 25.2 PERCENT STAKE IN QANAWAT FOR TRADE AND DISTRIBUTION.ACQUIRES 25.2 PERCENT STAKE IN QANAWAT FOR TOTAL DEAL VALUE OF EGP 73.9 MILLION.RAISES STAKE IN QANAWAT TO 62.7 PERCENT FROM 37.5 PERCENT.  Full Article

Egyptian Exchange Says Rolako IG For Investment Buys Stake In MTI
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - THE EGYPTIAN EXCHANGE::ROLAKO IG FOR INVESTMENT PURCHASED 41.9 MILLION SHARES OF MM GROUP INDUSTRIAL & INTERNATIONAL TRADE (MTI) FOR TOTAL VALUE OF EGP 362 MILLION.  Full Article

Egypt's MM Group To Raise Stake In Qanawat For Trade And Distribution
Sunday, 11 Nov 2018 

Nov 11 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::BOARD APPROVES TO RAISE STAKE IN QANAWAT FOR TRADE AND DISTRIBUTION VIA 21.67 PERCENT STAKE PURCHASE.  Full Article

MM Group Decided Not To Pursue Acquisition Of i2, URC And DMCC
Monday, 25 Jun 2018 

June 25 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::SAYS COMPANY AND ALTURKI HOLDING MUTUALLY DECIDED NOT TO PURSUE 100 PERCENT ACQUISITION OF ITISALAT INTERNATIONAL EGYPT (i2), UNITED RETAIL COMPANY (URC) AND DUBAI MULTI TRADE COMMODITIES CENTER (DMCC).  Full Article

Orascom Development Egypt Signs Contract to Sell Stake In Tamweel Group
Thursday, 24 May 2018 

May 24 (Reuters) - ORASCOM DEVELOPMENT EGYPT ::SIGNS FINAL SALE CONTRACT WITH CONSORTIUM OF INVESTORS FOR ALL ITS STAKE IN TAMWEEL GROUP FROM A TOTAL VALUATION OF EGP 360.0 MILLION.THIS SALE WILL ENABLE ODE TO DECONSOLI DATE RELATED DEBT OF TAMWEEL GROUP WHICH STOOD AT EGP 1.1 BILLION AS OF MARCH 31.CONSORTIUM INCLUDES EBTIKAR FOR FINANCIAL INVESTMENT OWNED BY MM GROUP AND BPE HOLDING, TCV AND ACQUIRE.  Full Article

Egypt's MM Group For Industry And International Trade Q1 Consol Profit Falls
Sunday, 13 May 2018 

May 13 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE SAE ::Q1 CONSOL NET PROFIT EGP 88.6 MILLION VERSUS EGP 129.9 MILLION YEAR AGO.Q1 CONSOL NET SALES EGP 1.63 BILLION VERSUS EGP 1.46 BILLION YEAR AGO.  Full Article

MM Group To Contribute EGP 199.8 Mln‍​ In Unit'Capital Increase
Thursday, 5 Apr 2018 

April 5 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::CONTRIBUTION OF CO IN CAPITAL INCREASE OF UNIT EBTIKAR TO REACH EGP 199.8 MLN‍​.  Full Article

MM Group OGM Approves Sale Of 30 Pct Stake In Bee
Sunday, 4 Mar 2018 

March 4 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::OGM APPROVES SALE OF 30 PERCENT DIRECT STAKE IN TBE EGYPT FOR PAYMENT SOLUTIONS AND SERVICES (BEE) TO EBTIKAR‍​.TRANSACTION VALUE WILL AMOUNT TO EGP 55 MILLION AND PROCEEDS OF TRANSACTION WILL BE USED IN EBTIKAR CAPITAL INCREASE.  Full Article

MM Group Signs Distribution Agreement With BSH Group‍​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::SIGNS DISTRIBUTION AGREEMENT WITH BSH GROUP‍​.SALES ARE PLANNED TO START DURING FEBRUARY 2018 AND ARE EXPECTED TO ADD IN-EXCESS OF EGP 200 MILLION TO 2018 COMPANY REVENUES.  Full Article