Edition:
United Kingdom

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

MTIE.CA on The Egyptian Exchange

11.00EGP
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Egypt's MM Group Updates On Google Suspending Some Business With Huawei
Tuesday, 21 May 2019 

May 21 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE SAE ::EXPLANATORY STATEMENT ON GOOGLE SUSPENDING SOME BUSINESS WITH HUAWEI.MM GROUP FOR - COMPANY'S SALES OF HUAWEI MOBILE PHONES WILL NOT BE AFFECTED IN CURRENT PERIOD.CURRENT MODELS IN EGYPTIAN MARKET THAT WERE SOLD OR WILL BE SOLD IN FUTURE PERIOD WILL FUNCTION NORMALLY.SAYS IS CONFIDENT THAT THUAWEI WILL WORK ON ALTERNATIVE SOLUTIONS AS GOOGLE'S DECISION TO SUSPEND SOME BUSINESS WITH HUAWEI WILL BE APPLIED TO NEW MODELS ONLY.  Full Article

Egypt's MM Group For Industry FY Consol Profit Falls
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::FY CONSOL NET PROFIT EGP 275.5 MILLION VERSUS EGP 339.3 MILLION YEAR AGO.FY CONSOL NET SALES EGP 7.63 BILLION VERSUS EGP 6.12 BILLION YEAR AGO.  Full Article

Egypt's MM Group For Industry FY Standalone Profit Falls
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::FY STANDALONE NET PROFIT EGP 258.4 MILLION VERSUS EGP 271.7 MILLION YEAR AGO.  Full Article

MM Group Board Approves Capital Increase
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::BOARD APPROVES ISSUED AND PAID-UP CAPITAL INCREASE TO EGP 383.6 MILLION FROM EGP 306.9 MILLION THROUGH ISSUING 0.25 BONUS SHARE FOR EVERY SHARE.  Full Article

Egypt's MM Group For Industry Board Approves To Increase Stake In Qanawat
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::BOARD APPROVES TO INCREASE SHARES IN QANAWAT FOR TRADE AND DISTRIBUTION UPTO 72.6 PERCENT.  Full Article

MM Group Updates On Stake In Abtkar Finance Investment
Monday, 28 Jan 2019 

Jan 28 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::HOLDS 56.17 PERCENT STAKE IN ABTKAR FINANCE INVESTMENT.MAY INCREASE CAPITAL IN FUTURE, CO'S OWNERSHIP MAY CHANGE TO BE WITHIN RANGE OF 50 PERCENT.  Full Article

Egypt's MM Group Says MLM Capital Buys 54.7 Mln Shares In Co
Monday, 31 Dec 2018 

Dec 31 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::MLM CAPITAL HOLDING LTD BUYS 54.7 MILLION SHARES OR 11.04 PERCENT STAKE IN CO FOR TOTAL VALUE OF EGP 478 MILLION.  Full Article

Egypt's MM Group Says Marwan Sherif Mahmoud Sells Entire Stake In Co
Monday, 31 Dec 2018 

Dec 31 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::MARWAN SHERIF SALAH EL DIN MOHAMED MAHMOUD SELLS HIS ENTIRE STAKE OF 5.52 PERCENT FOR EGP 239 MILLION.  Full Article

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