Mar 9, 2016 - Commercial International Bank (COIM.CA) â Egypt said ... EGP0.75 per share. The bank will start distribu
THE MORNING BULLETIN
JAZIRA SECURITIES BROKERAGE
Wednesday, March 09, 2016
General News
Corporate News Record date for CIB cash dividend 21 March 2016.
Egypt allocates EGP10 bn for developing Sinai
Commercial International Bank (COIM.CA) – Egypt said shareholders of record until 21 March would be entitled to its cash dividends of EGP0.75 per share. The bank will start distributing the dividends as of 24 March.
President Abdel Fattah El Sisi said an amount of EGP10 billion (US$1.3 billion) was allocated to finish the development plan of Sinai within one and half year. The government has completed the establishment of 20,000 residential units in Ismailia and it works on finishing the first phase of the “One million- People City” at East Port Said area project that would comprise 15,000 residential units. Meanwhile, the government is working on finishing the establishment of marble-production complex that would comprise between four to five factories.
(Mist News)
Canal Shipping eyes EGP42.2 mn profits in FY17.
Canal Shipping Agencies (CASG.CA) said it targets net profits before tax of EGP42.2 million in the fiscal year 2016/17. The firm targeted net (Mubasher) profits before tax of EGP39.5 million in the previous year (EGX)
Rowad Tourism calls for OGM March, 30 2016. The ordinary general meeting of Rowad Tourism (ROTO.CA) will consider on 30 March the financial results for the period ended 31 December 2015. Rowad’s shareholders will also consider the approval of the financial statements and board’s report for the same fiscal year. (Mist News)
Wadi Kom Ombo awarded EGP2.7 mn tender Wadi Kom Ombo Land Reclamation (WKAL.CA) said it was awarded a tender worth EGP2.7 million by the Nile river drainage management. (Mubasher)
Rubex losses widen 231% in FY15. Rubex International for Plastic (RUBX.CA) said its losses for 2015 have widened 231%. The company suffered losses of EGP12.3 million in 2015, compared with EGP3.7 million in the previous year. (EGX)
Kima to discuss bonus share distribution 30 March 2016. The Egyptian Chemical Industries (EGCH.CA) will hold its ordinary and extraordinary general meetings on 30 March. During the ordinary meeting, shareholders will vote on a bonus share distribution for the fiscal year ended 30 June 2015. The extraordinary meeting will consider raising the issued capital to EGP2.03 billion from EGP1.9 billion. The EGP65.3 million increase is divided into 13 million shares at a par value of EGP5 each. Shareholders will also vote on raising the authorised capital to EGP3 billion from EGP2 billion. The capital hike proceeds will be partly used in rehabilitating the company's factories at a total cost of nearly US$730.8 million. (Mist News)
Alex Pharma eyes EGP63.75 mn profits in FY17. Alexandria Pharmaceuticals and Chemical Industries (AXPH.CA) said it targets an increase of 22.5% in net profits for the fiscal year 2016/17. The drug firm eyes net profits of EGP63.75 million in FY16/17, up from EGP52 million in FY14/15. (EGX)
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THE MORNING BULLETIN
JAZIRA SECURITIES BROKERAGE
GDRs (Previous day close)
USUS$
Wednesday, March 09, 2016
% Change
COMIq.L
3.58
-
ETELq.L
4.25
-
HRHOq.L
1.46
-
OTMTq.L
0.59
-
Money Market (latest available)
Rate
Inflation Rate (Jan. 2016)
10.10%
Overnight deposit Rate
9.25%
Overnight lending Rate
10.25%
91 TB
11.596%
273 TB
12.476%
Overnight Interbank
9.41%
Corporate Calendar Company
RIC
Date
Event
Details
Mohandas Insurance
MOIN
9/3/2016 (Rec. Date)
Stock Dividend
1:3 stock dividend (Dis. Date 17/3/2016)
Egypt Starch &Glucose
ESGI
14/3/2016 (Rec. Date)
Cash Dividend
EGP0.820/Share (Dis. Date 17/3/2016)
Cairo Poultry
POUL
14/3/2016 (Rec. Date)
Cash Dividend
EGP0.50/Share (Dis. Date 17/3/2016)
Arab Ceramics –Arasmco
CERA
21/3/2016
AGM
Approve FY15 financial results.
Sinai Cement
SCEM
23/3/2016
AGM
Approve FY15 financial results.
Egyptian Gulf Bank
EGBE
23/3/2016
AGM & EGM
Misr Beni Suif Cement
MBSC
26/3/2016
AGM
Mansoura Poultry
MPCO
26/3/2016
AGM & EGM
Delta Sugar
SUGR
26/3/2016
AGM
Approve FY15 financial results.
Credit Agricol Egypt
CIEB
31/3/2016
AGM
Approve FY15 results & EGP1.96/share cash dividend.
AMOC
14/4/2016 (Dis. date)
Cash Dividend
EGP2.0/Share second installment (Rec. Date was 11/10/2015)
AMOC
Approve FY15 financial results & stock dividend distribution. Approve FY15 financial results.
Approve FY15 financial results & amending main articles.
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THE MORNING BULLETIN
JAZIRA SECURITIES BROKERAGE
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Wednesday, March 09, 2016
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