El Kahera Housing (ELKA)

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News

22 December 2021 01:26 PM Pioneers Properties cuts stake in El Kahera Housing

Cairo – Mubasher: Pioneers Properties for Urban Development (PRDC) has decreased its stake in El Kahera Housing to 70.002% from 76.45%. Pioneers Properties has sold 5.8 million of its shares in El Kahera Housing in exchange for EGP 197.2 million …

Companies Investments

21 December 2021 02:57 PM El Kahera Housing’s stock sees EGP 197m block trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction on 5.8 million of El Kahera Housing's shares. The deal was valued at EGP 197.2 million, according to a bourse disclosure on Tuesday.

Stock Evaluations

7 November 2021 05:53 PM FRA approves El Kahera Housing's stock split

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a stock split request by El Kahera Housing, according to a statement to the Egyptian Exchange (EGX) on Sunday.  The company's board of directors approved to split the …

Corporate Actions

6 October 2021 05:07 PM Pioneers Holding transfers subsidiary stakes to two spin-off firms

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has offloaded stakes in its subsidiaries to its two spin-off firms as part of the horizontal spin-off process, according to separate bourse disclosures on Wednesday.  Gadwa …

Insider Trading & Treasury Stocks

5 October 2021 00:43 PM Pioneers Holding's subsidiaries see block-trading deals on Tuesday

Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the execution of block-trading deals on the shares of several listed subsidiaries of Pioneers Holding Company for Financial Investment as part of the horizontal spin-off process. …

Company News

27 June 2021 01:28 PM Pioneers Holding gets FRA's approval to proceed with restructuring plan

Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Pioneers Holding Company to proceed with the restructuring procedures.  The disclosure form includes the board of …

Corporate Actions

14 June 2021 04:14 PM El Kahera Housing’s Q1 profits plunge 86%

Cairo – Mubasher: El Kahera Housing reported a net profit after tax, including minority interest, of EGP 8.26 million during the first three months of 2021, lower by 86% than EGP 60.31 million in the same period last year. Revenues meanwhile grew …

Real estate

20 December 2020 04:58 PM Pioneers Holding ups stake in El Kahera Housing for EGP 174m

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has raised its stake in El Kahera Housing to 76.45% from 63.12%. The transaction involved the purchase of 12 million shares for EGP 174 million, averaging EGP 14.5 a share, the …

Insider Trading & Treasury Stocks

17 December 2020 01:24 PM El Kahera Housing sees EGP 174m block-trading deal

Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading deal worth EGP 174 million on the shares of El Kahera Housing. The transaction involved the trading of 12 million shares, the EGX said in a statement on Thursday. During the …

Insider Trading & Treasury Stocks

1 November 2020 05:20 PM El Kahera Housing sells property for EGP 150m

Cairo – Mubasher: The board of El Kahera Housing approved the sale of one of its real estate investments in Nasr City. The administrative business centre will be sold for EGP 150 million, including a book value of EGP 19 million and a net profit …

Company News

3 September 2020 10:39 AM El Kahera Housing logs EGP 106m profit in H1-20

Cairo – Mubasher: The consolidated financial statements of El Kahera Housing showed net profits of EGP 106.25 million during the first half (H1) of 2020, up by 32.6% year-on-year (YoY) from EGP 80.13 million, including minority shareholders’ …

Financial Results

22 June 2020 00:22 PM Egycap Investments cuts stake in El Kahera Housing

Cairo – Mubasher: Egycap Investments Ltd reduced its stake in El Kahera Housing from 10.34% to 3.88%. Egycap sold 5.81 million shares for EGP 166.03 million at an average price of EGP 28.58 per share, according to a statement to the Egyptian …

Insider Trading & Treasury Stocks

10 May 2020 00:10 PM Pioneers Holding obtains FRA's approval to acquire 5 units

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the acquisition offer submitted by Pioneers Holding Company for Financial Investment to raise its shareholding in five of its subsidiaries to 90% …

Company News

21 April 2020 01:44 PM El Kahera Housing swings to loss in 2019

Cairo – Mubasher: El Kahera Housing announced turning to losses during 2019, the consolidated financial statements showed.   The company suffered net losses of EGP 20.78 million last year, versus net profits of EGP 426.2 million in 2018, according …

Financial Results

10 March 2020 00:37 PM EGX resumes trading on stocks of Pioneers Holding, 5 subsidiaries

Cairo – Mubasher: The Egyptian Exchange (EGX) decided to resume trading on the stocks of Pioneers Holding Company for Financial Investment and five of its subsidiaries.  Upon a request from the Financial Regulatory Authority (FRA), trading was …

Trading Activities

9 March 2020 03:58 PM Pioneers Holding to proceed with acquisition of 5 subsidiaries

Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment decided to proceed with raising its shareholding in five of its subsidiaries to 90% through stock swap transactions. The board approved the following …

Corporate Actions

3 March 2020 01:19 PM EGX halts trading on stocks of Pioneers Holding, 5 subsidiaries

Cairo – Mubasher: The Egyptian Exchange (EGX) decided to suspend trading on the shares of Pioneers Holding Company for Financial Investment and five of its subsidiaries until receiving a statement from the Egyptian Financial Regulatory Authority …

Trading Activities

3 March 2020 00:40 PM Pioneers Holding's board approves FV studies of 5 units

Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor FACT for five of its subsidiaries listed on the Egyptian Exchange (EGX). Pioneers …

Mergers and Acquisitions

20 February 2020 02:24 PM El Kahera Housing approves EGP 580m loan from ADIB Egypt

Cairo – Mubasher: The board of directors of El Kahera Housing approved a funding agreement worth EGP 580 million with Abu Dhabi Islamic Bank – Egypt (ADIB Egypt). The funding will be used for the payment of all dues owed to financial leasing …

Banking and Finance

14 January 2020 00:22 PM Pioneers Holding files draft MTO for 5 subsidiaries

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has submitted a draft mandatory tender offering (MTO) to the Egyptian Financial Regulatory Authority (FRA) to acquire 90% of five subsidiaries through stock swap transactions. The …

Corporate Actions

13 January 2020 03:41 PM Pioneers Holding's board approves FV studies of 5 subsidiaries

Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor Fincorp for five of its subsidiaries listed on the Egyptian Exchange (EGX). …

Mergers and Acquisitions

25 November 2019 11:36 AM El Kahera Housing’s profit dips 76% in 9M on lower revenue

Cairo – Mubasher: El Kahera Housing reported a 76% year-on-year profit retreat during the first nine months of 2019, dragged by lower revenue, according to the company’s consolidated financial statements. Net profits plunged to EGP 85.18 million …

Financial Results

22 October 2019 11:57 AM Pioneers Holding appoints Fincorp for fair value estimation

Cairo – Mubasher: Pioneers Holding Company for Financial Investment has appointed Fincorp to conduct the fair value estimation of the company and the other subsidiaries offered for sale. The subsidiary companies include Giza General Contracting …

Mergers and Acquisitions

26 September 2019 01:19 PM El Kahera Housing’s profits shrink 69% in H1-19

Cairo – Mubasher: The consolidated financial statements of El Kahera Housing showed a 68.9% year-on-year decline in profits for the first half of 2019, dragged by lower revenues.   The profits of the period tumbled to EGP 80.13 million in H1-19 …

Real estate

4 July 2019 04:54 PM EGX-listed real estate firms post EGP 6.6bn revenues in Q1

By: Abdullah Bedeir Cairo – Mubasher: Revenues of real estate companies listed on the Egyptian Exchange (EGX) grew by 5.49% year-on-year during the first quarter of 2019, according to statistics conducted by Mubasher. From January to March, …

Real estate