Cement News tagged under: Qalaa Holdings
Qalaa Holdings to focus on core subsidiaries, including cement26 June 2015, Published under Cement NewsQalaa Holdings has signed a set of agreements with Financial Holdings International (FHI), one of Qalaa’s major co-investors, through which Qalaa will acquire from FHI additional stakes in subsidiaries that are core to Qalaa’s future as a holding company. These include stakes in companies involved in the energy, cement and transportation sectors, among others. Simultaneously, Qalaa will sell to FHI its holdings in the following non-core business units: MENA Homes, Grandview and Dina ... |
Qalaa Holdings topline growth boosted by ASEC Cement's Sudan subsidiary15 June 2015, Published under Cement NewsQalaa Holding reported a 43 per cent rise in revenue for the three months to the end of March 2015 to EGP1947.5m and an eight-fold surge in EBITDA growth to EGP275.8m. The company said topline growth was driven mainly by operational improvements at subsidiary ASEC Cement’s Al-Takamol works in Sudan, which recorded revenue growth of 157 per cent or an EGP131.7m increase over 1Q14. Furthermore, Qalaa’s core platform company TAQA Arabia also saw revnues increase by 57 per cent to EGP526.5m i... |