Qalaa Holdings | Egypt Oil & Gas - Part 2
Qalaa Holdings Revenues Grow by 27% YoY Driven by Energy Subsidiaries
Qalaa Holdings announced strong revenue growth of 27% year-on-year (YoY), recording EGP 45.8 billion in 2021, through the strong performance of its subsidiaries, especially the Egyptian Refining Company (ERC) and TAQA...
Qalaa’s Consolidated Revenues Increase 37% YoY
Qalaa’s consolidated revenues increased 37% year on year (YoY) reaching EGP 10.2 billion during 2021. Meanwhile, the company’s recurring earnings before interest, taxes, depreciation, and amortization (EBITDA) g...
TAQA Arabia Inaugurates First Natural Gas Station in New Cairo
Master Gas, one of TAQA Arabia companies, announced the inauguration of its first natural gas station with a supplying capacity of 30 cars/hour, in Al Rehab area at New Cairo in cooperation with Chill Out company whic... Qalaa Holdings Commences Hydrocracker Operations
Qalaa Holdings (CCAP.CA), has declared the successful operation of the Hydrocracker in its flagship project, Egyptian Refining Company “ERC”. The Egyptian investment company confirmed on September 12 that the project ...
Qalaa Holdings Explains Reduced Stake in ERC
Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity. The company explained th... Qalaa Holdings Receives $120 M for ERC
Qalaa Holdings has completed a $120 million funding round for its subsidiary, the Egyptian Refining Company (ERC), bringing the total capital investments of ERC to $1.5 billion and the total investment cost to $4.4 bi... Qalaa Holdings’ Revenues Grow by 25%
Qalaa Holdings’ revenues increased by 25% in 2018 compared to 2017, reaching EGP 13.2 billion, Al Borsa Newspaper reported. The company’s operating profit grew by 36% to reach EGP 1. 3 billion in 2018, whi...
Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
Qalaa Holdings’ revenues are expected to exceed EGP 90 billion in 2020, the company’s Chairman, Ahmed Heikal, told Reuters. The company will gain between EGP 50-55 billion from the Egyptian Refining Compan...
