Nasr Company for Civil Works (NCCW)

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News

2 May 2024 09:56 AM Arabia Investments, Nasr Company for Civil Works unveil capital hike

Cairo – Mubasher: The shareholders of Arabia Investments Holding and Nasr Company for Civil Works agreed to increase the company’s issued and paid-up capital. Arabia Investments plans to raise its capital to EGP 467.43 million from EGP 424.94 …

Companies Investments

20 February 2024 00:02 PM Nasr Company for Civil Works’ consortium signs EUR 46m agreement with Uganda

Cairo – Mubasher: A consortium of Nasr Company for Civil Works and Ugandan company Dott Services Limited signed a joint venture (JV) agreement with the Ministry of Water and Environment in Uganda. The agreement includes implementing water network …

Companies Investments

7 September 2023 08:50 AM FRA greenlights Nasr Company for Civil Works’ capital raise

Cairo – Mubasher: Nasr Company for Civil Works has received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures.    The EGX-listed firm plans to increase its issued and paid-up capital by EGP 50 …

Companies Investments

6 July 2023 02:41 PM Nasr Company for Civil Works unveils EGP 120m contract award

Cairo – Mubasher: Egypt’s Ministry of Transport awarded Nasr Company for Civil Works a project contract worth EGP 120 million for the high-speed electric train. In a bourse disclosure, the EGX-listed company highlighted that it will manage the …

Companies Investments

24 January 2023 00:51 PM Nasr Company for Civil Works’ board nods to capital raise

Cairo – Mubasher: The board of directors of Nasr Company for Civil Works approved raising the company’s authorised capital to EGP 500 million from EGP 200 million, during a meeting on 23 January 2023. In addition, it approved increasing the issued …

Board of Directors

3 November 2021 04:01 PM Nasr Company for Civil Works reports 312% higher loss in 9M intial financials

Cairo – Mubasher: The net losses of Nasr Company for Civil Works widened by 312% year-on-year (YoY) to EGP 14.7 million in the first nine months of 2021, compared to EGP 3.56 million, the unaudited financial results showed.  The revenues slid to …

Financial Results

26 October 2021 10:41 AM Nasr Company for Civil Works awarded EGP 166m contract by MNHD

Cairo – Mubasher: Nasr Company for Civil Works has been awarded a contract by Madinet Nasr Housing and Development (MNHD) to implement the facility works at Taj City.  The estimated value of these works amounts to EGP 166.2 million, the company …

Real estate

17 October 2021 01:50 PM Nasr Company for Civil Works awarded EGP 174m deal in Fayoum

Cairo – Mubasher: Nasr Company for Civil Works has been awarded a contract by the Arab Organization for Industrialization (AOI) to design and implement a sanitation project at El-Mashrak Qebli village in the Fayoum Governorate.  The project will …

Companies Investments

29 September 2021 03:25 PM EGX approves listing capital raise shares of Nasr Civil Works

Cairo – Mubasher: The Egyptian Exchange's (EGX) listing committee approved listing 5.36 million of the capital increase shares of Nasr Company for Civil Works.  The company's capital will be increased by EGP 26.79 million to EGP 100 million from …

Corporate Actions

6 September 2021 05:06 PM Nasr Company for Civil Works awarded EGP 212m contract

Cairo – Mubasher: Nasr Company for Civil Works has been awarded a project for the establishment of an embankment as well as the implementation of industrial works in the New Administrative Capital as part of the Ain Sokhna-New Administrative …

Companies Investments

26 August 2021 03:29 PM Nasr Company for Civil Works' shareholders approve capital raise

Cairo – Mubasher: The extraordinary general meeting (EGM) of Nasr Company for Civil Works approved a decision to increase the company's issued and paid-up capital to EGP 100 million from EGP 73.2 million.  The capital increase will be distributed …

Corporate Actions

1 August 2021 00:09 PM Nasr Company for Civil Works gets FRA's approval for capital raise

Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Nasr Company for Civil Works to increase the issued and paid-up capital to EGP 98.82 million from EGP 73.2 million.  The …

Corporate Actions

24 June 2021 03:33 PM Nasr Company for Civil Works approves 35% capital raise

Cairo - Mubasher: The board of directors of Nasr Company for Civil Works approved a decision to increase the issued and paid-up capital by 35% or EGP 25.62 million.  The company's capital will be increased to EGP 98.82 million through a rights …

Corporate Actions

1 June 2021 00:33 PM Mushira El-Maghraby named Chairman of Nasr Company for Civil Works

Cairo – Mubasher: The board of directors of Nasr Company for Civil Works has appointed Mushira Kamal Abdel Maksoud El-Maghraby as the company’s Chairman. In addition, the board also named Bassem El-Sayed Hussein Abdel Rahman as the CEO and …

Board of Directors

22 February 2021 11:17 AM Nasr Company for Civil Works turns to loss in 2020 initial results

Cairo – Mubasher: The financial indicators of Nasr Company for Civil Works showed a turn to net losses of EGP 27.02 million in 2020, versus net profits of EGP 42.37 million a year earlier. The company’s revenues plummeted to EGP 179.94 million …

Financial Results

20 December 2020 00:43 PM MNHD rejects acquisition offer of Nasr Company for Civil Works

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) announced that its board of directors rejected the mandatory tender offering (MTO) submitted for the acquisition of a controlling stake of up to 90% of its 52%-owned subsidiary Nasr …

Corporate Actions

17 December 2020 04:31 PM Egypt’s FRA approves MTO for Nasr Company for Civil Works

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the mandatory tender offering (MTO) submitted for the acquisition of Madinet Nasr Housing and Development’s (MNHD) 52%-owned subsidiary Nasr Company …

Mergers and Acquisitions

17 December 2020 00:25 PM MNHD to appoint financial advisor to conduct FV report on Nasr Company

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) decided to appoint an independent financial advisor to conduct a fair value (FV) estimation report for the stock of its 52%-owned subsidiary Nasr Company for Civil Works. A draft …

Mergers and Acquisitions

24 August 2020 00:13 PM MNHD approves acquisition offer for subsidiary

Cairo – Mubasher: The board of directors of Madinet Nasr Housing and Development (MNHD) approved an offer to sell its 98.4%-owned subsidiary Nasr Utilities and Installations (NUI) for EGP 30 million. A strategic investor offered to acquire MNHD’s …

Corporate Actions

4 August 2020 06:05 PM MNHD's board approves due diligence on Nasr for Civil Works

Cairo – Mubasher: Madinet Nasr Housing and Development (MNHD) made a recommendation to the board of directors of Nasr Company for Civil Works for allowing Odin Investments to conduct a due diligence process. The process will be made after Odin …

Corporate Actions

12 February 2020 11:09 AM Nasr for Civil Works to distribute EGP 0.5/shr, 33% bonus shares

Cairo – Mubasher: The board of Nasr Company for Civil Works has approved the distribution of cash dividends to shareholders at EGP 0.50 per share. The board of directors has also amended its recommendation to distribute bonus shares, from one for …

Management Decisions

28 January 2020 02:43 PM Nasr for Civil Works' indicators show 22% profit drop in 2019; dividends proposed

Cairo – Mubasher: Nasr Company for Civil Works reported a 22.2% year-on-year decline in its net profits in 2019, the company’s unaudited financial results showed. Net profits went down to EGP 42.37 million in the twelve-month period ended 31 …

Financial Results

30 October 2019 03:06 PM Nasr for Civil Works' profit shrinks 81% in 9M on lower revenues

Cairo – Mubasher: Nasr Company for Civil Works reported an 81% year-on-year decline in profit during the first nine months of 2019. The profits amounted to EGP 11.4 million during the period from January to September 2019, down from EGP 61.2 …

Financial Results

2 December 2018 03:12 PM Nasr for Civil Works wins EGP 334m projects

Cairo – Mubasher: Holding Co. For Water & Wastewater (HCWW) has awarded EGP 333.9 million projects to Nasr Company for Civil Works

Global Economy

31 July 2018 06:15 PM Seven EGX-listed firms deny ties with Abraaj

Cairo - Mubasher: A number of Egyptian companies continued to deny any ties with Abraaj Capital. Seven companies negated having any ties with Abraaj, namely Cairo Oil and Soap, International Business Corp, Global Telecom, Edita, EGAS, Kima, and …

Companies Investments