M.B Engineering (MBEG)

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News

9 June 2022 04:40 PM MB for Engineering submits operating licence request for subsidiary

Cairo – Mubasher: MB for Engineering and Contracting has submitted for obtaining an operating licence for its subsidiary, Sha7en Electric Vehicle Charger. The company noted that it is waiting for the next electricity utility board meeting to …

Companies Investments

20 March 2022 02:04 PM MB for Engineering's unit inks deal to operate Revolta Egypt's EV charging stations

Cairo – Mubasher: A subsidiary of MB for Engineering and Contracting (MB Engineering) has signed a contract to manage and operate Revolta Egypt's electric vehicle (EV) charging stations. Revolta Egypt has 30 slow and fast electric vehicle charging …

Companies Investments

23 January 2022 02:49 PM MB for Engineering opens Egypt's largest electric vehicle charging station

Cairo – Mubasher: MB for Engineering and Contracting has launched the pilot operation of the largest electric vehicle charging station in Egypt with a capacity of 330 kilowatts per hour. The station has been inaugurated in cooperation …

Companies Investments

23 November 2021 02:51 PM Mubasher Financial Services raises equity in MB Engineering

Cairo – Mubasher: Mubasher Financial Services (DIFC) Limited has increased its stake in MB for Engineering and Contracting (MB Engineering) to 5% after purchasing 99,000 shares. The equity purchase transaction was carried out for an average price …

Companies Investments

3 January 2021 01:52 PM MB for Engineering decides to acquire competitor

Cairo – Mubasher: The board of directors of MB for Engineering and Contracting decided to submit an acquisition offer to take over a competitor which has a market share of 12% in the engineering sector. In addition, the board approved the …

Mergers and Acquisitions

15 August 2017 05:17 PM MB Engineering profits grow 43% in H1

Cairo - Mubasher: MB for Engineering and Contracting on Tuesday announced achieving a 42.9% surge in its year-on-year profits during the first half of 2017. The company achieved EGP 7.16 million in profits during H1-17 as compared to EGP 5.017 …

Financial Results

8 August 2017 10:23 PM MubasherTrade maintains Buy/High Risk on MB Engineering

Cairo - Mubasher: MubasherTrade Research has maintained their Buy/High Risk rating for the stock of MB for Engineering and Contracting, with a price target (PT) of EGP 1.82 per share, according to a recent report. The report noted that MB's …

Stock Evaluations

8 May 2017 00:37 PM MB for Engineering profits surge 333% in 3M

Cairo – Mubasher: MB for Engineering and Contracting on Monday reported a year-on-year consolidated profit increase of 332.9% in the first quarter of 2017. Net profits rose to EGP 3.85 million in Q1-17, compared to EGP 890,300 in Q1-16, according …

Financial Results

6 April 2017 10:56 AM MB Engineering OGM to discuss raising investments in unit

Cairo – Mubasher: MB for Engineering and Contracting’s ordinary general meeting (OGM) will discuss on 22 April increasing investments in its subsidiary Beta Electric Industries. The OGM will also look into raising the capital of its unit MB …

General Assembly

4 April 2017 01:03 PM Mubasher keeps ‘Buy’ recommendation on MB for Engineering

Mubasher: MubasherTrade Research maintained a "Buy" recommendation on MB for Engineering and Contracting, setting the target price at EGP 1.82, according to a research note. “The flotation of EGP is believed to increase the competiveness of MB's …

Ratings

3 April 2017 05:31 PM MB for Engineering profits rise 16% in 2016

Cairo - Mubasher: The financial statements of MB for Engineering and Contracting showed a decline in profits by 15.99% in 2016, according to a bourse filing. Profits totalled EGP 8.9 million in last year compared to EGP 7.7 million in 2015, the …

Financial Results

22 December 2016 03:08 PM MTRe adjusts MB Engineering PT, says 'high risk'

Cairo – Mubasher: MubasherTrade Research (MTRe) on Thursday said it adjusted its price target (PT) for MB Engineering to EGP 1.82 per share from EGP 5.45 per share to account for the stock dividends. MB Engineering distributed two bonus shares for …

Ratings

20 November 2016 03:00 PM MubasherTrade lowers MB Engineering PT, maintains ‘Buy’

Mubasher: MubasherTrade Research lowered their price target (PT) for MB Engineering by 26% from EGP 7.38 per share to EGP 5.45 per share, according to a recent report issued on Sunday. MubasherTrade also maintained their ‘Buy/High Risk’ rating, …

Stock Evaluations

16 November 2016 01:43 PM MB for Engineering turns to losses in Q3

Cairo – Mubasher: The consolidated results of MB for Engineering and Contracting showed that the company turned to losses in the third quarter of 2016. The company's net losses reached EGP 346,800 during the period between July and September, …

Financial Results

14 September 2016 10:30 AM MB for Engineering approves capital hike

Cairo – Mubasher: MB for Engineering and Contracting said its ordinary general meeting approved raising its issued capital by EGP 22 million, distributed across 44 million shares at par value EGP 0.5 each. The capital hike will be effected through …

Corporate Actions

26 April 2016 10:59 AM MB For Engineering raises capital to EGP 11m

Cairo – Mubasher: The board of MB For Engineering and Contracting agreed on increasing the company’s capital to EGP11 million from EGP10 million. In a bourse filing, the company indicated that articles no. 6 and 7 of the memorandum were amended as …

Corporate Actions

6 April 2016 01:58 PM MB For Engineering to debut on NILEX tomorrow

Cairo – Mubasher: MB For Engineering and Contracting will start Thursday trading on NILEX, said the Egyptian Exchange. The opening price will be EGP5.95 per share, the Egyptian Exchange added. The company’s IPO, which started from 30 March to 5 …

Corporate Actions

5 April 2016 03:49 PM MB For Engineering IPO 29.4 times oversubscribed

By Ahmed Allam Cairo – Mubasher: The initial public offering of MB For Engineering and Contracting was oversubscribed by the end of its closing date. The IPO was covered 29.4 times after bids were received for 162.5 million shares, according to …

Initial Public Offerings

5 April 2016 00:13 AM MB For Engineering IPO covered 5.7 times

By Ahmed Allam Cairo – Mubasher: The initial public offering of MB For Engineering and Contracting was covered 7.5 times in four days, data showed on Monday. Around 31.7 million shares were requested one day before the closing date. The process of …

Initial Public Offerings

3 April 2016 03:57 PM MB For Engineering IPO covered 3.3 times in third day

Cairo – Mubasher: The IPO of MB For Engineering and Contracting was covered 3.3 times in the third day. Around 18.28 million shares were requested before two days of the closing date. Meanwhile, 7.6 million shares out of 5.52 million were …

Initial Public Offerings

31 March 2016 10:58 AM MB For Engineering IPO covered 1.5 times on first day

By Ahmed Allam Cairo – Mubasher: The IPO of MB For Engineering and Contracting was covered 1.5 times in the first day, said Abd El-Aziz Abedel-Nabi, Head of Investment Banking at Catalyst Partners. Out of 5.52 million shares floated, 7.6 million …

Initial Public Offerings

28 March 2016 02:06 PM MB for Engineering endorses capital increase

Cairo – Mubasher: The ordinary general meeting (OGM) of MB for Engineering approved raising capital by 10% to EGP11 million from EGP10 million. This increase will be distributed across 2 million shares at a par value of EGP0.5 and a fair value of …

Corporate Actions

21 March 2016 02:01 PM MB for Engineering to receive purchase orders 30 March

By Ahmed Allam Cairo – Mubasher: MB for Engineering and Contracting will commence taking orders for its initial public offering (IPO) on Cairo bourse during 30-31 March, said Mohamed Hammam, Managing Director at SIGMA Capital Securities. The …

Initial Public Offerings

28 February 2016 11:33 AM MB for Engineering gets regulatory nod for IPO

Cairo – Mubasher: MB For Engineering and Contracting will offer 27.6% of its shares on Cairo bourse at EGP 5.95 a share. The company is authorized to issue 5.52 million shares worth EGP 32.8 million, the Egyptian bourse confirmed. The initial …

Corporate Actions

6 December 2015 04:36 PM MB for Engineering EGM approves listing plan

Cairo – Mubasher: MB for Engineering and Contracting (MBEN) said Sunday its extraordinary general meeting approved a proposal to list the company’s stock on the Egyptian Exchange (EGX). The listing plan was submitted to the Egyptian Financial …

General Assembly