Qalaa Holdings’ Board of Directors has approved expanding its indirect stake in the Egyptian Refining Company (ERC), one of the group’s energy assets. The move will see Qalaa’s effective ownership rise from 13.0% ...
The Egyptian Refining Company (ERC), a leading Egyptian privately owned refinery, continued to run above its nameplate capacity and benefited from stronger refining spreads amid geopolitical volatility in global e ...
The Egyptian Refining Company (ERC) has fully paid off its senior debt, marking a major milestone in its financial restructuring, according to a statement by Qalaa Holdings, which owns 13 % of ERC.
The repa ...
The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has settled $417 million of its senior debt, reducing the balance to $63 million from a peak level of $2.35 billion, the company said in a discl ...
As Egypt’s leading private sector energy and utility provider, TAQA Arabia’s EBITDA expanded by 35% year on year (YoY) to EGP 571.1 million in Q3 of 2024.
The Egyptian Refining Company (ERC) has contributed c.90% to Qalaa Holding’s total revenue during the financial year ending 31 December 2023 (FY 2023).
The Egyptian Refining Company (ERC), which is a subsidiary of Qalaa Holdings Company, has contributed 74% to Qalaa Holdings' total revenue during Q3 of 2023.
The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has announced its intention to complete the repayment of $1.25 billion in initial loans for the Mostorod Refinery Project during the first quart ...
Qalaa Holdings Company has announced that it has achieved remarkable growth in its revenues reached to EGP 97.7 billion in the fiscal year (FY) 2022 compared to EGP 4.1 billion in FY 2021 increasing by 113% driven ...
Qalaa Holdings's consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase.
