amwalalghad :: Banks

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Business - Banks

Ahmed Ali, Mohamed Hamdy & Sayed Badr - 2014-03-20 11:04:06
Arab Investment Bank of Egypt (AIB) is targeting a capital increase to EGP 1 billion besides a 20% growth in profits by the end of the current year. The bank is planning to increase capital which stood at EGP 500 million by 2013-end. Speaking to Amwal Al Ghad on Thursday, AIB Chairman Hani Seif El-Nasr said his bank is planning a capital hike with the help of the retained earnings besides shareholders’ equities. He referred that the volume of AIB’s assets recorded EGP 6 billion by 2013-end. Moreover, AIB’s board is seeking to attain a 20% growth in earnings by the end of the current year, Seif El-Nasr noted. AIB registered profits worth over EGP 65 million by the end of last year, which are currently reviewed and audited by the Central Auditing Organization (CAO). More»
Amwal Al Ghad English - 2014-03-20 10:02:31
Commercial International Bank (CIB) – Egypt announced that coupon No. 38 will be paid at EGP 1 per share today, Thursday, March 20, 2014. Shareholders of record till the close of trading on Monday, March 17, will be entitled to this dividend. The bank reported a 35% leap in net earnings to EGP 3.006 billion for 2013, compared with EGP 2.226 billion in 2012. More»
Amwal Al Ghad English - 2014-03-20 07:54:11
JPMorgan Chase & Co. and HSBC Holdings Plc (HSBA) are among banks planning to compete for a role in the largest Saudi Arabian share sale in at least 12 years, according to five people with knowledge of the matter. The banks will vie with local lenders including Banque Saudi Fransi (BSFR) and Gulf International Bank to be appointed as financial adviser on the sale of a 15 percent stake in Jeddah-based National Commercial Bank, the people said, asking not to be named as the information isn’t public. NCB, as the lender is known, sent out a request for proposals to banks to manage the initial public offering earlier this week, the people said. The first Saudi bank IPO since 2008 could raise about 16 billion riyals ($4.3 billion) based on NCB’s profits and trading values of other Saudi banks, according to Asim Bukhtiar, head of research at Riyad Capital, the investment-banking unit of Riyad bank. That would surpass the 15 billion-riyal offering by Saudi Telecom Co. (STC) in 2002, according to data compiled by Bloomberg. Saudi Arabia’s Public Investment Fund is selling part of its 69 percent holding in NCB, bank chairman Mansoor Al Maiman said Feb. 27. More»
Amwal Al Ghad English - 2014-03-20 07:18:13
Egypt's Central Bank governor Hisham Ramez said on Wednesday he expects the country's foreign currency reserves to continue growing despite continued political and economic turmoil. The reserves, which plummeted after a 2011 uprising that ousted President Hosni Mubarak, have picked up since last July when Gulf Arab states extended billions of dollars to Egypt after the army took over from elected Islamist President Mohamed Morsi. "The reserves will continue going up," Ramez told reporters without providing details. Reserves rose to $17.307 billion in February from $17.105 billion in January but are still nearly half the level seen before Mubarak's departure as political turmoil has hit tourism and foreign investment and the central bank has had to use up reserves to defend the Egyptian pound. A repatriation scheme opened in March last year aimed at restoring confidence in Egypt's economy. It guarantees foreign investors in Egypt's stock and government bond markets access to dollars despite severe shortages of foreign currency. The central bank said last week it covered 50 percent of a backlog of dollars owed to foreign investors seeking to repatriate funds from the country. Ramez said on Wednesday the other 50 percent will be transferred next month. Foreign reserves fell to a critical low of $13.5 billion last year, down from $36 billion before the revolt that toppled Mubarak. The central bank has been rationing dollars through routine auctions to commercial banks to slow a slide in the local currency. Egypt is pushing through with a road map for political transition that calls for presidential and parliamentary elections this year following the army's ouster of Morsi after protests against his rule. More»
Amwal Al Ghad English - 2014-03-19 16:15:21
JPMorgan is selling its physical commodities businessto Mercuria for $3.5 billion, the U.S. investment bank said on Wednesday, sweeping the fast-growing Swiss trading house into the top league of commodities traders. The all-cash transaction for one of the most powerful oil and metals desks on Wall Street is expected to close in the third quarter, JPMorgan said in a statement. In documents circulated to potential buyers last year, JPMorgan had valued its physical commodity business at $3.3 billion, with an annual income of $750 million. JPMorgan paid nearly $2 billion to buy the largest part of the business from RBS in 2010. JPMorgan decided to sell its multi-billion dollar physical commodities division last year due to rising regulatory and political pressure and so it could concentrate on the bank's core business of lending. "Our goal from the outset was to find a buyer that was interested in preserving the value of J.P. Morgan's physical business," said Blythe Masters, head of JPMorgan's globalcommodities business. JPMorgan said it would still provide traditional banking activities in commodities markets, including financial products and the vaulting and trading of precious metals. It gave no further details of what exactly would be included in the transaction, but a source close to the matter said the bank's metal brokerage business including its London Metal Exchange (LME) ring dealing team would remain with JPMorgan. However its Henry Bath metals warehousing unit was included in the deal, the source added. JPMorgan also has sizeable power, natural gas and carbon trading desks, largely operating from London, as well as owning power plants. MASTERS The fate of JPM's Masters was too early to tell, the source said, adding that she and her management team had been primarily focused on achieving the sale. Others in the commodities units were waiting to hear about their future. "It will be interesting to see whether Mercuria will want to keep us on or not, and whether they will attempt to move our desks to Geneva," one trader with the bank said. "Most of us want to stay here (in London), so I suspect a drive to move us to Geneva would equate to a reduction of our power and gas trading desks," the trader added. Many other banks, including Deutsche Bank, Bank of America Merrill Lynch and Barclays, have recently scaled back or shut down their power, gas and carbon trading desks, citing unfavorable banking regulation as the main reason. In February, Reuters reported that Mercuria, led by two former Goldman Sachs executives Marco Dunand and Daniel Jaeggi, became the front-runner to buy the physical commodities unit, one of the most powerful oil and metals desks on Wall Street. EXCLUSIVE TALKS The bank went into exclusive talks with Mercuria in February. In the weeks before that, the trade house had been competing with Australian bank Macquarie Group and private equity manager Blackstone Group LP to buy JPMorgan's unit, sources had said. Private and lightly regulated trading houses have benefited most from a major retreat by banks from commodities trading over the past two years. Companies such as Glencore and Russian oil major Rosneft hired whole teams of traders from banks such as Morgan Stanley but Mercuria will become the first trading house to absorb an entire physical division from a bank. More»