Egypt South Africa for Communication (ESAC)

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News

1 June 2020 00:41 PM EGX warns 8 listed firms of trading suspension

Cairo – Mubasher: The Egyptian Exchange (EGX) warned that trading on eight listed companies will be suspended if they fail to submit their financial statements for 2019 after the end of the new 45-day reporting period deadline. Companies that face …

Trading Activities

24 July 2017 02:39 PM Egysacom turns to losses in Q1-17

Cairo – Mubasher: Egypt South Africa for Communication (Egysacom) on Monday announced turning to losses in the first quarter of 2017 due to cuts in revenue, according to a bourse filing. The firm’s losses reached EGP 373,300 in the three months …

Financial Results

6 July 2017 10:57 AM Egysacom postpones OGM to 24 July

Cairo - Mubasher: Egypt South Africa for Communication (Egysacom) said Thursday that it has postponed its ordinary general meeting (OGM) scheduled for 10 July to 24 July. The company said that the OGM was delayed so that the board members can …

Event

7 June 2017 03:45 PM EGX give companies 15 days to reveal financials

Cairo - Mubasher: The Egyptian Exchange (EGX) listing committee has decided to allow 10 companies a 15-day grace period to present their financial statements, approved by their respective ordinary general meeting (OGM). The situation will be …

Management Decisions

9 May 2017 01:58 PM Egysacom FY16 profits grow 12%

Cairo - Mubasher: Egypt South Africa for Communication (Egysacom) posted on Tuesday a year-on-year rise in its net profit for fiscal year 2016. The company’s unaudited financial statements for FY16 showed a net profit of EGP 571,140, compared to …

Financial Results

30 April 2017 02:39 PM Egysacom OGM approves doubling capital

Cairo - Mubasher: The ordinary general meeting (OGM) of Egypt South Africa for Communication (Egysacom) has approved raising the company’s capital by around 100%, from EGP 6.3 million to EGP 12.7 million, according to a bourse filing. The company …

Corporate Actions

19 April 2017 11:08 AM Egysacom OGM to discuss doubling issued capital 27 April

Cairo – Mubasher: Egypt South Africa for Communication (Egysacom) said Wednesday that its extraordinary general meeting (EGM) will discuss on 27 April doubling the company’s issued capital. The EGM was held on 16 April and delayed to 27 April due …

Corporate Actions

18 April 2017 00:19 PM Egysacom delays EGM for lack of quorum

Cairo – Mubasher: Egypt South Africa for Communication (Egysacom) said Tuesday that it has postponed its extraordinary general meeting (EGM), scheduled for 16 April, due to a lack of quorum. Egysacom will inform the Egyptian Exchange (EGX) of the …

General Assembly

28 March 2017 11:40 AM Egysacom EGM to discuss capital hike 12 April

Cairo – Mubasher: Egypt South Africa for Communication (Egysacom) said Tuesday that its extraordinary general meeting (EGM) will discuss on 12 April increasing the company’s issued capital from EGP 10 million to EGP 20 million, according to a …

Event

17 November 2016 02:26 PM Egysacom profits fall 14.8% in Q3

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) announced a 14.8% profit decrease during the third quarter of 2016, according to a bourse filing on Thursday. Q3 net profit thus reached EGP 62,200, compared with EGP 72,990 for …

Financial Results

22 September 2016 11:36 AM Investor raises stake in Egysacom stake to 20.5%

Cairo – Mubasher: Egyptian Exchange (EGX) announced that Youssef Hisham Badawy, a client, has raised his stake in South Africa for Communication (Egysacom) to 20.5% from 10.97%. The client bought around 3.05 million shares at a value of EGP 2.98 …

Corporate Actions

19 September 2016 05:28 PM EGX announces 4 special sales on Egysacom Monday

Cairo - Mubasher: The Egyptian Exchange (EGX) said it carried out on Monday 4 transactions on Egypt- South Africa for Communication with a total value of EGP 3.43 million. The average selling price was EGP 0.98 per share according to a bourse …

Corporate Actions

18 September 2016 11:14 AM Investor ups stake in Egysacom to 15.01%

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) said an investor named Ahmed Zein EL Abdein has raised his stake in the company from 14.61% to 15.01%. The aforementioned investor bought 34,000 stocks of Egysacom for EGP 32,980 …

Corporate Actions

6 September 2016 05:09 PM Investor ups stake in Egysacom to 10.97%

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) said an investor bought 3,500 shares raising his stake in the company to 10.97%. The average buying price stood at EGP 98 piaster per share at total value of EGP 3.43 million. …

Corporate Actions

1 September 2016 00:37 PM EFSA to file a lawsuit against Egysacom

Cairo – Mubasher: Egyptian Financial Supervisory Authority (EFSA) said it would file a lawsuit against Egypt- South Africa for Communication (Egysacom) due to its violation of the Egyptian accounting standards. Egysacom reported earlier net …

Markets Regulations

21 August 2016 01:45 PM EFSA addresses 4 listed firms to prepare stock’s FV study

Cairo – Mubasher: Egyptian Financial Supervisory Authority EFSA said it addressed four listed firms to prepare the study regarding its stocks’ fair value (FV). The companies are; Beltone Holding, Egypt- South Africa for Communication, Arab for …

Management Decisions

16 August 2016 00:47 PM Egysacom Q2 profits rise 9.5 times

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) announced its profits for the second quarter of 2016 grew 9.5 times, according to a bourse filing. The company earned EGP 504,350 in the second quarter, compared to EGP 52,640 for …

Financial Results

4 May 2016 11:44 AM Egysacom’s profit reaches EGP 510,000 in 2015

Cairo – Mubasher: Egypt- South Africa for Communication Company’s (Egysacom) general meeting approved the financial statements for the fiscal year ended on 31 December, 2015. The company’s net profit after tax reached EGP 510,400 in 2015, versus …

General Assembly

13 April 2016 00:50 PM Egysacom to discuss financials 3 May

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) will hold its ordinary general meeting on 3 May 2016 for looking into 2015 financial results. The ordinary meeting will also look into the reports of the board and auditor as well …

Financial Results

30 March 2016 11:25 AM Egysacom annual profits down 74.6% in 2015

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) posted a 74% decline in 2015 profits, indicators of financial results showed. The company’s profits after tax decreased to EGP510,400 in 2015 from EGP2 million a year earlier. …

Corporate Actions

20 March 2016 00:38 PM Egysacom clears debt to Egyptian bank

Cairo – Mubasher: Egypt- South Africa for Communication (Egysacom) announced that it paid off its indebtedness to the Bank of Alexandria on 15 March 2016. Egysacom paid back a total of EGP 10 million on two installments by 15 March 2015 and 31 …

Corporate Actions

19 November 2015 05:04 PM Egysacom chairman ups stake to 27.9%

Cairo - Mubasher: Egypt- South Africa for Communication (Egysacom) announced that Sharif Salah El Deen, chairman has raised his stake from 25.75% to 27.9%. Salah El Deen has bought 685,000 shares for EGP 587,600. The company reported net profits …

Insider Trading & Treasury Stocks

17 November 2015 11:49 AM Egysacom expects EGP 1.5m profits in 2015

Cairo - Mubasher: Egypt- South Africa for Communication (Egysacom) said it expects to achieve profits of nearly EGP 1.5 million for 2016. Egysacom has contracted with Huawei in the thid quarter of 2015, to expand its client’s base. Meanwhile, the …

Management Decisions

9 November 2015 05:02 PM Egysacom chairman cuts stake to 29.63%

Cairo - Mubasher: Egypt- South Africa for Communication (Egysacom) announced that Sharif Salah El Deen, chairman has cut his stake to 29.63%. Salah El Deen has sold 1,465,098 shares for EGP 1.9 million. Egysacom is capitalized at EGP 6.4 million, …

Corporate Actions

17 September 2015 00:02 PM Egysacom to start trading on NILEX 21 Sept

Cairo-Mubasher: Egypt- South Africa for Communication will start trading on the Nile Stock Exchange( NILEX) on 21 September and the opening price will be similar to the IPO's offer price of EGP 0.95, said a bourse statement. Meanwhile, the …

Initial Public Offerings