TAQA Arabia announced its consolidated earnings for 2023.

The Finances:

Revenues: EGP 13.46 billion, a 25.5% YoY hike.

Gross Profit: EGP 1.63 billion, a 26% YoY surge.

• Gross Profit Margin: 12.1% in 2023, almost the same as in 2022. Usually, it’s an indicator of the company’s efficiency in managing costs and generating profits. 

Net Profit: EGP 557.21 million, a 3.5% YoY increase.

• Net Profit Margin: Declined to 4.1% in 2023 from 5% in 2022. This helps investors assess if a company’s management is generating enough profit from its sales and whether operating and overhead costs are under control. 

BTW: TAQA Arabia is currently the only contender who announced publicly their interest in acquiring Wataneya.

Omar Amin

+ posts Bio

• Omar Amin

  Taaleem Management Services soars in H1-23/24 with strong growth in profits and revenue
• Omar Amin

  Egypt’s fiscal preview: A glimpse into next year’s financial forecast
• Omar Amin

  Hedge funds are coming soon to Egypt
• Omar Amin

  Egypt refocuses asset sale program, prioritizing banks and financial institutions
• Omar Amin

  Evolve to debut third gold investment fund in Egypt
• Omar Amin

  Government trims 2024 privatization target to USD 1B
• Omar Amin

  Ajlan Group’s USD 1.5B dive into Egypt’s Ras Jameela
• Omar Amin

  B Investments seals majority stake in Orascom Financial Holding
• Omar Amin

  B Investments seals majority stake in Orascom Financial Holding
• Omar Amin

  Egypt to import 3 monthly LNG shipments, Israeli gas imports to fall by 22% this Summer
• Omar Amin

  Elsewedy Electric among companies eager to launch renewable energy projects under Egypt’s new P2P system
• Omar Amin

  QNB Alahli reports 49.36% profit surge to EGP 7B in Q1-24
• Omar Amin

  Ezz Steel’s 2023: A tough year despite sales soaring by 70% YoY
• Omar Amin

  Act Financial eyes EGP 700M EGX debut in May
• Omar Amin

  Annual inflation in Saudi Arabia declines during March
• Omar Amin

  ADES wins huge contract from TotalEnergies in Qatar
• Omar Amin

  Cashing in: Egypt’s FX boost after the EGP’s shift to a flexible exchange rate regime
• Omar Amin

  Reuters poll: March winds blow in higher inflation rates for Egypt
• Omar Amin

  Riyad Bank Considers IPO of Riyad Capital
• Omar Amin

  Egypt’s fertilizer prices in the spotlight after shifting the EGP to a flexible exchange rate regime
• Omar Amin

  Egypt’s foreign reserves soar, fueled by Ras El Hekma deal
• Omar Amin

  Egypt’s March PMI: economic contraction eases
• Omar Amin

  Egypt Aluminum bets big on foil & silk
• Omar Amin

  Elsewedy gears up for industrial expansion in New 6 October City, eyes Gulf & beyond
• Omar Amin

  Egypt customs accelerates clearance, targets unclaimed goods
• Omar Amin

  Shifting the EGP to a flexible exchange rate regime spiked Egypt’s renewable energy bill
• Omar Amin

  Juhayna’s earnings record 60% growth in 2023
• Omar Amin

  B Investments Holdings’ net income down 47% in 2023
• Omar Amin

  Egypt launches EGP 120B subsidized loan program to power private sector
• Omar Amin

  Egypt’s economic growth slows as external debt climbs
• Omar Amin

  City Lab targets expansion with up to 25% stake sale to Gulf consortium
• Omar Amin

  Edita might be looking to acquire Bisco Misr from Kellanova
• Omar Amin

  IMF unlocks USD 820M for Egypt, concludes first and second reviews
• Omar Amin

  Egypt’s LNG strategy might change for this summer
• Omar Amin

  Egypt’s EGX under FTSE Russell’s watchful eye
• Omar Amin

  Act Financial’s EGX debut: Seeking EGP 1B
• Omar Amin

  Juhayna cuts prices by 15-18%
• Omar Amin

  Egypt’s 2024/25 budget sneak peek: What we know so far
• Omar Amin

  Egyptian state-owned banks expect a leadership shuffle
• Omar Amin

  Qalaa Holdings’ next move: Printing subsidiary, the National Printing Company, to hit EGX
• Omar Amin

  Egyptian govt. Initiates price cuts: A move to tackle inflation
• Omar Amin

  Egypt considers boosting strategic reserves amidst market volatility
• Omar Amin

  GCC Players Eye 25% Stake in City Lab Egypt
• Omar Amin

  Sugar prices get a sweet 33% boost
• Omar Amin

  Oriental Weavers Pins growth hopes on U.S. and Saudi Arabia
• Omar Amin

  Media Production City & Talaat Moustafa Group Holding approve dividends
• Omar Amin

  Concrete Fashion Group debut on the EGX
• Omar Amin

  Rakta’s Liquidation: End of an Era
• Omar Amin

  Orascom Construction records declining revenues
• Omar Amin

  Government to select consultant for Ras Gamila project, estimates for development rights at USD 2-3B
• Omar Amin

  ValU to launch IPO on EGX, eyes up to 25% stake sale within a year
• Omar Amin

  EFG Holding’s revenues reach an all-time high, surging by 34% YoY
• Omar Amin

  CBE canceled its March 28 meeting, deciding not to hike interest rates further. We polled experts before the decision to understand why.
• Omar Amin

  The Kingdom launches “new incentives” to boost mining exploration by around SAR 685 Million ⛏️
• Omar Amin

  Sources: Saudi Arabia aims to invest USD 40B in AI 🤖
• Omar Amin

  EGAS enters Saudi Arabian market
• Omar Amin

  Egypt asks IMF for a first tranche worth USD 5B in April, a source told Asharq
• Omar Amin

  Goldman Sachs predicts surplus in external financing
• Omar Amin

  Fitch cautious on Egypt’s credit rating upgrade
• Omar Amin

  Sources to Asharq: 3 EGX-listed real estate companies join Egypt’s state asset sale program
• Omar Amin

  Import backlog clearing, remittances soaring
• Omar Amin

  The car import initiative garnered USD 685 million in 5 months
• Omar Amin

  Moody’s upgrades the credit rating outlook of 5 Egyptian banks to positive 
• Omar Amin

  Elsewedy Electric’s profits nearly double, revenues jump by 65% YoY
• Omar Amin

  J.P. Morgan forecasts another interest rate hike by CBE
• Omar Amin

  CI Capital’s net income jumps by 31% YoY
• Omar Amin

  Scatec’s Solar Surprise: Nagaa Hammadi Plant Doubles Down at USD 1.1 Billion
• Omar Amin

  Egypt’s Financial Revival: Hot Money Rushes In Amidst Record Rate Hike
• Omar Amin

  Egypt’s urban inflation exceeds expectations in February, reaches 35.7%
• Omar Amin

  RAYA Customer Experience records a 278% surge in net profit
• Omar Amin

  Fawry’s net income nearly triples YoY
• Omar Amin

  Asharq Business poll: Are CDs a safe bet amidst the Ras El Hekma deal USD influx?
• Omar Amin

  Cairo Poultry’s net profit soars by 333% YoY
• Omar Amin

  Telecom Egypt records 25% YoY surge in net profits
• Omar Amin

  Arabian Cement’s net profits almost double, exports take the spotlight
• Omar Amin

  CBE receives the first offer for United Bank
• Omar Amin

  E-finance’s revenues up 47.5% YoY, led by digital going strong
• Omar Amin

  Edita Food Industries’ net profits up by 58.1%
• Omar Amin

  TMG achieves outstanding performance with EGP 3.3B in net profits, marking 44% YoY growth
• Omar Amin

  Housing and Development Bank’s net profits see a remarkable 140.6% YoY increase
• Omar Amin

  Oriental Weavers’ net profits surge 100.4% YoY
• Omar Amin

  Telecom Egypt & Huawei partner to implement 5G services in Egypt
• Omar Amin

  Privatization Update: QIB & KFH are in the final stages of the race to acquire United Bank
• Omar Amin

  Export Development Bank’s net profits see a remarkable 154% YoY increase
• Omar Amin

  Madinet Masr’s net profits surged 188.9% YoY
• Omar Amin

  TMG announces Ras El Hekma Agreement
• Omar Amin

  ECHEM & ANRPC consider USD 380M sustainable aviation fuel project
• Omar Amin

  EKH’s net profits declined by 39.9% YoY، Fertilizers and Petrochemicals hit the hardest
• Omar Amin

  Egypt’s USD 35B Ras El Hekma Deal
• Omar Amin

  EKH expands scope, eyes state privatization program
• Omar Amin

  Egyptian Media Production City’s net profits up by 77% YoY
• Omar Amin

  Feb. 20: MOPCO posts earnings, Vodafone Egypt gets CBE greenlight to up stake in Basata, & Eastern hikes prices
• Omar Amin

  Kima gets USD 200M & EGP 2B loans for an upcoming project
• Omar Amin

  Govt. selects Compass Capital to promote its EPP stake
• Omar Amin

  Inflation lower than expected in Jan. & here’s why
• Omar Amin

  Goldman and Pictet bullish on Egypt bonds amid market pessimism
• Omar Amin

  A front-row seat to Rumble—your new financial advisor
• Omar Amin

  GB Corp’s subsidiary to secure EGP 1.2B financing for Sadat factory
• Omar Amin

  Investors now expect a gradual EGP devaluation: An NDF perspective
• Omar Amin

  قيمة العقود الآجلة تشير لإن المستثمرين متوقعين انخفاض تدريجي لقيمة الجنيه
• Omar Amin

  Egypt secures USD 250M for food & energy security from AFC, IFTC
• Omar Amin

  Taaleem announced its Q1-24 earnings, stock jumps 11.68%
• Omar Amin

  Egyptian banks & new rules for spending abroad
• Omar Amin

  Sources to Bloomberg: Almoosa Health Group plans to list on the Saudi Exchange
• Omar Amin

  Saudi Chemical Co. Holding (SCCH) signs MoU with Dyno Nobel ⚛️
• Omar Amin

  Concerns from Najran Cement and AMAK over fuel price increases negatively impacting sales
• Omar Amin

  Initial subscriptions for Alistithmar Capital Diversified SAR Fund’s are now available
• Omar Amin

  The Kingdom’s inflation shrinks by 1.5% in December.
• Omar Amin

  ADIB Egypt leads EGP 5.8B joint financing initiative for Giza Systems
• Omar Amin

  Egypt inks USD 4B green hydrogen agreement with Saudi’s ACWA Power
• Omar Amin

  Egypt collects EGP 50B in bond & treasury bill taxes over 3 months
• Omar Amin

  إيرادات مصر الضريبية على عوائد أذون وسندات الخزانة تصل لـ50 مليار جنيه
• Omar Amin

  Edita’s shareholders greenlight capital decrease
• Omar Amin

  EBRD sparks optimism in Egypt’s banking privatization
• Omar Amin

  أمل جديد لخصخصة القطاع المصرفي من الـEBRD
• Omar Amin

  إيديتا هتخفض رأس المال المصدر عبر إعدام أسهم الخزينة
• Omar Amin

  كليوباترا تحقق أرباح وإيرادات صحية
• Omar Amin

  نتائج تحقيق فوري لاختراق أنظمتها
• Omar Amin

  Decoding Fawry’s hacking investigation
• Omar Amin

  Cleopatra Hospitals’ vitals drive healthy profit and revenue
• Omar Amin

  Update: BINV & OFH drama nears end
• Omar Amin

  تحديث: عرض لاستحواذ هيشوف النور قريب

Mohamed Abdallah

+ posts Bio

• Mohamed Abdallah

  Housing and Development Bank’s net profits see a remarkable 140.6% YoY increase
• Mohamed Abdallah

  Oriental Weavers’ net profits surge 100.4% YoY
• Mohamed Abdallah

  Telecom Egypt & Huawei partner to implement 5G services in Egypt
• Mohamed Abdallah

  Privatization Update: QIB & KFH are in the final stages of the race to acquire United Bank
• Mohamed Abdallah

  Export Development Bank’s net profits see a remarkable 154% YoY increase
• Mohamed Abdallah

  Madinet Masr’s net profits surged 188.9% YoY
• Mohamed Abdallah

  EKH’s net profits declined by 39.9% YoY، Fertilizers and Petrochemicals hit the hardest
• Mohamed Abdallah

  Al Baraka Bank Egypt reports 27% YoY net profit growth
• Mohamed Abdallah

  Egypt Post to invest EGP 6 billion in 2024
• Mohamed Abdallah

  Delta Sugar’s net profits up by 87.2% YoY
• Mohamed Abdallah

  MOPCO’s net profits up by 55.8% YoY
• Mohamed Abdallah

  Eastern Company hikes its prices by up to 19%
• Mohamed Abdallah

  Feb. 20: MOPCO posts earnings, Vodafone Egypt gets CBE greenlight to up stake in Basata, & Eastern hikes prices
• Mohamed Abdallah

  BP and ADNOC form natural gas joint venture in Egypt
• Mohamed Abdallah

  Orascom Development’s sales hiked in 2023
• Mohamed Abdallah

  Finally confirmed: USD 22B Ras El Hekma deal
• Mohamed Abdallah

  CBE intervenes in medicine import crisis
• Mohamed Abdallah

  Egypt’s FX shortage cast a shadow over infrastructure projects
• Mohamed Abdallah

  EGX-listed real estate players among top 5 in revenues
• Mohamed Abdallah

  Telecom Egypt signs MoU of cross-regional ICE IV project
• Mohamed Abdallah

  EGX-listed SIDPEC + 2 state firms to boost ethane imports
• Mohamed Abdallah

  EKH’s CEO Sherif El Zayat steps down
• Mohamed Abdallah

  Govt. targets 15% cut in investment plan funding
• Mohamed Abdallah

  Bupa Arabia’s Annual Profits Rise to SAR 940 Million
• Mohamed Abdallah

  Moody’s downgrades future outlook for 5 banks
• Mohamed Abdallah

  EU sets aside EUR 3.2B for Egypt
• Mohamed Abdallah

  Development of liquefied gas facility in Kingdom valued at over USD 3 billion
• Mohamed Abdallah

  Egypt’s non-oil trade deficit downticks in 2023
• Mohamed Abdallah

  Telecom Egypt receives 5G license
• Mohamed Abdallah

  BSF raises USD 700 million through the issuance of dollar sukuk
• Mohamed Abdallah

  Almarai’s profits exceed SAR 370 million
• Mohamed Abdallah

  Tadawul to acquire a stake in Dubai Mercantile Exchange
• Mohamed Abdallah

  One of the Public Investments companies launches its plan for “The Rig” tourism project
• Mohamed Abdallah

  Saudi Exchange allows the listing of government debt instruments worth SAR 5.2 billion
• Mohamed Abdallah

  Sources: Nice One intends to offer its shares for subscription on the Saudi Stock Exchange
• Mohamed Abdallah

  Investment Fund intends to heavily invest in semiconductors and space sectors.
• Mohamed Abdallah

  A massive sale agreement brings together Saudi company “Alujain” and “Basell International”
• Mohamed Abdallah

  Hassan Allam & ACWA Power seal USD 1.5B wind farm deal
• Mohamed Abdallah

  Suez Canal’s revenues dip
• Mohamed Abdallah

  EFIA Chairman: Egyptian factories’ production capacity witnessed 50% dip
• Mohamed Abdallah

  Ezz Steel pumps up prices by 9.1%
• Mohamed Abdallah

  Suez Canal Econ Zone & Chinese luggage co. sign USD 50M agreement