ASEC Cement starts Zahana exit negotiations
Qalaa Holdings announced that its subsidiary ASEC Cement has commenced negotations to exit Zahana Cement, in which it owns 35 per cent of shares. ASEC Cement has invested US$62m...
Qalaa Holdings
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Qalaa Holdings announces 2Q17 net loss of US$158m
Qalaa Holdings, a leading energy and infrastructure investment company based in Egypt, announced its consolidated financial results for the quarter that ended in 30 June with a ...
Qalaa Holdings completes sale of ASEC Ciment Algérie
Qalaa Holdings announced that its subsidiaries ASEC Cement and ASEC Cement Djelfa Offshore have completed the sale of 100 per cent of ASEC Ciment Algérie (ACA) to an Algerian in...
Qalaa Holdings to sell stake in ASEC Algeria Cement
Egypt-based Qalaa Holdings has signed a preliminary agreement to sell its entire 100 per cent stake in ASEC Algeria Cement for some US$60m, according to Reuters.
Egypt sets out on a new course Premium
President Abdel Fattah al-Sisi has managed to return a certain degree of stability to Egypt, with the economy expected to show a gradual recovery. A broad infrastructure program...
Egypt: Qalaa 1Q16 losses
Qalaa Holdings recorded a 1Q16 net loss of EGP242.7m (US$27.3m), greater than the losses of EGP112.2m (US$12.6m) seen in the same period last year, as reported by news organisat...
ASEC to sell ASEC Minya Cement, ASEC Ready Mix
Qalaa Holdings announced yesterday that its business unit ASEC Cement has signed a sale and purchase agreement for the sale of its holdings in subsidiaries ASEC Minya Cement and...
Egypt: Qena Cement makes offer for larger stakes in Qalaa subsidiaries
Egyptian investment company Qalaa Holdings announced Monday that it received a preliminary acquisition offer from Qena Cement to buy stakes in both its subsidiaries ASEC Minya a...
Qalaa Holdings first-half revenues up by a third, Egypt
Qalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent com...
Qalaa Holdings to boost output of Al Takamol plant, Sudan
Egyptian-based Qalaa Holdings is to boost output of the Al Takamol cement plant in Sudan to 800,000t in 2016. Abdalla ElEbiary, MD of Qalaa, said last week that it plans to enha...