Qalaa Holdings Company | Egypt Oil & Gas

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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