Qalaa Holdings Company

  • Qalaa Invests $4.7 B in ERC Project

    Qalaa Invests $4.7 B in ERC Project

    Sunday, 3rd November 2019

    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

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

    Sunday, 20th October 2019

    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 increased to 5.5 million ton per annum (mtpa) in 2021 from 402 mtpa.

  • Qalaa Holdings Receives $120 M for ERC

    Qalaa Holdings Receives $120 M for ERC

    Thursday, 30th May 2019

    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 Holdings Announces 38% Revenue Growth in Q3 2017

    Wednesday, 3rd January 2018

    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 amortization (EBEDITA) to reach EGP 253.6 million.

  • Qalaa Completes 92% of Egyptian Oil Refinery

    Qalaa Completes 92% of Egyptian Oil Refinery

    Tuesday, 16th May 2017
    The oil refinery aims to decrease diesel import needs by 50% and to decrease Sulphur emissions by one third.