Qalaa Holdings Company | Egypt Oil & Gas

Qalaa Holdings, Major Banks in Egypt Finalize Debt Settlement Deal

Qalaa Holdings has announced the signing of an agreement to settle all its debts to Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait in exchange for approximately EGP 4.547 ...

Qalaa Holdings Achieves Revenue Growth of 134% YoY in Q1 2022

Qalaa Holdings company announced that it has achieved an annual growth in its revenues of 134% after reaching EGP 18.7 billion in Q1 2022 and recurring EBITDA of EGP 3.9 billion compared to EGP 90.5 million in Q1 ...

Qalaa Invests $4.7 B in ERC Project

Egypt’s Qalaa Holdings’ Chairman, Ahmed Heikal, announced that the company has implemented investments in the Egyptian Refining Company's (ERC) project totaling $4.7 billion.

Qalaa Holdings to Boost ERC’s Production to 5.5 mtpa in January

Egypt’s Qalaa Holdings’ Chairman, Ahmed Heikal, announced that the company will operate 100% of its refinery units in the Egyptian Refining Co (ERC) in January, noting that the production capacity will be increase ...

Qalaa Holdings Receives $120 M for ERC

The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.

Qalaa Holdings Announces 38% Revenue Growth in Q3 2017

Qalaa Holding announced 38% year-over-year (Y.o.Y) growth in revenue during the third quarter of 2017, reaching EGP 2.47 billion, and a 182% Y.o.Y increase in earnings before interest, taxes, depreciation, and amo ...

Qalaa Completes 92% of Egyptian Oil Refinery

The oil refinery aims to decrease diesel import needs by 50% and to decrease Sulphur emissions by one third.

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