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Orascom Financial nets EGP 545m in H1
What: Orascom Financial Holding (Ticker: OFH) posted net profits of around EGP 545m in the first half of this year.
So What: That’s almost a 166-fold increase in net profit YoY.
Earlier this year, the company had reported a 196% YoY surge in net losses during Q1-2025, hitting around EGP 67.6m.
Now What: All eyes are on H2 to see whether this sharp swing into “strong profits” can actually hold up.
📊 Full results here.
Nahr Al Khair books EGP 49m in 6-month profit
What: Nahr Al Khair Company for Agricultural Development, Investment and Environmental Services (Ticker: KRDI) reported net profits of about EGP 49m in the first six months of the year, boosted by revenues surpassing EGP 208m.
So What: Net profit jumped nearly 61% YoY, while revenues grew more than 83%.
Now What: These numbers highlight the strength of the company’s agricultural operations and its ability to deliver sustainable growth.
📊 Full results here.
What: The Egyptian Exchange announced that trading on Qalaa Holdings’ (Ticker: CCAP) capital increase rights will not be carried out separately from the main stock.
The condition that the share price must be higher than the subscription price was not met before trading started.
So What: The Listing Committee had approved 2.8bn rights for the capital increase, raising capital from EGP 9.1bn to EGP 23.1bn, spread across 2.8bn shares.
The subscription price was set at EGP 5 per share, with no issuance fees.
Claps Class: Subscription rights let existing shareholders buy new shares at the offer price (EGP 5 in Qalaa’s case), but since the stock closed yesterday at EGP 2.8, the subscription isn’t attractive.
The rights lose their value and cannot be traded separately.
Now What: The increase will only be financed through cash subscriptions or by the creditor balances of shareholders, as previously stated.
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