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Qalaa Holdings SAE (CCAP.CA)

CCAP.CA on The Egyptian Exchange

2.16EGP
23 Feb 2020
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Latest Key Developments (Source: Significant Developments)

Egypt's Qalaa Holdings Q1 Consol Loss Narrows
Tuesday, 2 Jul 2019 

July 2 (Reuters) - QALAA HOLDINGS ::Q1 CONSOL NET LOSS EGP 171.5 MILLION VERSUS LOSS OF EGP 183.5 MILLION YEAR AGO.Q1 CONSOL REVENUE EGP 3.44 BILLION VERSUS EGP 3.04 BILLION YEAR AGO.Q1 CONSOL NET LOSS ATTRIBUTABLE TO SHAREHOLDERS EGP 154.6 MILLION VERSUS LOSS OF EGP 186.1 MILLION YEAR AGO.QALAA’S CONSOLIDATED DEBT EXCLUDING EGYPTIAN REFINING COMPANY(ERC) AND ERC-RELATED DEBT AS OF 31 MARCH 2019 STOOD AT EGP 9.42 BILLION.QALAA BOOKED AN EGP 181.7 MILLION FX GAIN IN Q1 ON BACK OF A STRENGTHENING EGYPTIAN POUND AGAINST US DOLLAR,.  Full Article

Qalaa Holdings Q1 Standalone Loss Widens
Tuesday, 2 Jul 2019 

July 2 (Reuters) - QALAA HOLDINGS ::EGYQ1 STANDALONE NET LOSS EGP 67.2 MILLION VERSUS LOSS OF EGP 63.4 MILLION YEAR AGO.  Full Article

Egyptian Exchange Says Olayan Saudi Investment Raises Stake In Qalaa Holdings
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - EGYPTIAN EXCHANGE::OLAYAN SAUDI INVESTMENT COMPANY BUYS 5 MILLION SHARES OF QALAA HOLDINGS FOR EGP 3.82 PER SHARE.OLAYAN SAUDI INVESTMENT COMPANY RAISES STAKE IN QALAA HOLDINGS TO 5.17 PERCENT FROM 3.71 PERCENT.  Full Article

Qalaa Holdings Signs MoU With Qatar Petroleum To Buy Additional Stake In ERC
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - QALAA HOLDINGS ::SIGNS MOU WITH QATAR PETROLEUM WHEREBY CO WOULD BUY AN ADDITIONAL STAKE OWNED BY QATAR PETROLEUM IN THE EGYPTIAN REFINING CO (ERC).IS IN ADVANCED STAGE OF PUTTING TOGETHER FINANCING NEEDED TO COMPLETE THE TRANSACTION.TRANSACTION IS EXPECTED TO REACH FINANCIAL CLOSE IN THE SECOND QUARTER OF 2019.  Full Article

Egypt's Qalaa Holdings Posts Q3 Consol Profit
Sunday, 23 Dec 2018 

Dec 23 (Reuters) - QALAA HOLDINGS ::Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 126.6 MILLION VERSUS LOSS EGP 311.6 MILLION YEAR AGO.Q3 CONSOL REVENUE EGP 3.28 BILLION VERSUS EGP 2.35 BILLION YEAR AGO.NINE-MONTH CONSOL NET PROFIT EGP 298.4 MILLION VERSUS LOSS OF EGP 4.14 BILLION YEAR AGO.  Full Article

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

UPDATE 1-Egypt's Qalaa to raise production capacity to 5.5 mln tonnes/year in 2021

CAIRO, Oct 20 Egypt's Qalaa Holdings, one of the country's largest investment companies, will increase its refinery production capacity to 5.5 million tonnes of oil products per year in 2021 from 4.2 million now, the company's chairman told Reuters.