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

MTIE.CA on The Egyptian Exchange

9.00EGP
15 Sep 2019
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Latest Key Developments (Source: Significant Developments)

MM Group Says Ebtikar Acquires 10.1% Shares Of Masary
Monday, 22 Jul 2019 

July 22 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::ANNOUNCES THAT EBTIKAR HAS ACQUIRED 10.1% OF SHARES OF MASARY.TOTAL TRANSACTION VALUE EGP 42 MILLION.EBTIKAR INCREASES OWNERSHIP TO 45.8%.TRANSACTION WILL INCREASE MTI'S OWNERSHIP IN MASARY TO APPROXIMATELY 35%.  Full Article

MM Group Unit With Consortium Completes Acquisition Of 87% Of Tamweel Group
Tuesday, 18 Jun 2019 

June 18 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::EBTIKAR FOR FINANCIAL INVESTMENT AS PART OF CONSORTIUM OF INVESTORS COMPLETES ACQUISITION OF 87% OF TAMWEEL GROUP.EBTIKAR'S STAKE IN TAMWEEL GROUP IS C.45% AND MTI HOLDS A C.52.9% STAKE IN EBTIKAR.SHARE TRANSFER HAS BEEN EXECUTED AFTER OBTAINING ALL NECESSARY APPROVALS.  Full Article

B Investments Says Ebtikar With Consortium Completes Acquisition Of 87% Of Tamweel Group
Tuesday, 18 Jun 2019 

June 18 (Reuters) - B INVESTMENTS HOLDING SAE ::SAYS EBTIKAR FOR FINANCIAL INVESTMENT AS PART OF CONSORTIUM OF INVESTORS ANNOUNCE COMPLETION OF ACQUISITION OF 87% OF TAMWEEL GROUP.CONSORTIUM WITH TCV1 AND ACQUIRE FOR INVESTMENT COMPLETE ACQUISITION OF 100% OF ORASCOM DEVELOPMENT EGYPT’S STAKE IN TAMWEEL GROUP REPRESENTING C.87% OF TAMWEEL GROUP.ACQUISITION OF 87% OF TAMWEEL GROUP WITH A TOTAL COMPANY VALUATION OF EGP 360 MILLION.EBTIKAR’S STAKE IN TAMWEEL GROUP IS C.45% AND B INVESTMENTS HOLDS A C.20% STAKE IN EBTIKAR.  Full Article

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