Boursa Kuwait named Bader Nasser Al-Kharafi as the Chairman of the Board for three years from 2025 to 2027

QNB Egypt’s board of directors approved a cash dividend distribution of EGP 1.5 per share

The net profits attributable to the shareholders of Abu Dhabi Islamic Bank (ADIB Egypt) hit EGP 9 billion in 2024, an annual jump of 93% from EGP 4.673 billion.

Egyptian President Abdel Fattah El-Sisi has issued a presidential decree to reconstitute the board of directors of the Arab Contractors Company, headed by Ahmed El Assar

The board members of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) approved increasing the issued and paid-up capital to EGP 200 million

Arab Developers Holding Company has decided to set a dividend distribution policy for shareholders at 100% of the company's current capital

Union Pharmacist Company for Medical Services and Investment’s (UPMS) board members agreed to raise the authorized capital to EGP 100 million from EGP 30 million

The board members of Beltone Financial Holding greenlighted increasing the authorized capital from EGP 11 billion to EGP 22 billion

United Company for Housing and Development’s board members approved, on December 23rd, lowering the issued and paid-up capital by EGP 32.67 million

The International Company for Agriculture Crops’ (IFAP) board of directors greenlit increasing the issued and paid-up capital from EGP 320 million to EGP 760 million.

President Abdel Fattah El-Sisi has issued a decision on renewing the term of the Central Bank of Egypt’s (CBE) board of directors for an additional year, effective November 27th.

The Chairman of the Commercial International Bank of Egypt (CIB) Hisham Ezz El-Arab announced his decision to resign from his position within the next two to three years.

Palm Hills Development Company’s (PHDC) board of directors has decided to acquire businessman Yassin Mansour’s stake of 29.59% or 216.112 million shares in Taaleem Management Services Company for EGP 8.25 per share.

Lecico Egypt’s (LCSW) board has approved the merger of Lecico Ceramic Industries Company, International Ceramics, and European Ceramics into the company.

Alexandria Company for Pharmaceuticals and Chemical Industries’ board has approved the estimated budget for the fiscal year (FY) 2024/2025 with expected net profits after tax of EGP 377 million.

Redcon Properties has announced the election of Chairman Tarek El Gamal as a member of the Board of Directors of the United Nations Global Compact.

e-finance for Digital and Financial Investments’ (EFIH) board has approved increasing its issued and paid-up capital via the distribution of 0.25-for-1 bonus shares.

Cairo for Investment and Real Estate Development’s (CIRD) board has approved submitting a purchase offer to raise the company’s share in the United Housing and Development’s (UNIT) to 90% via share swap.

The Egyptian Chemical Industries’ (KIMA) board has approved a proposal to increase the issued and paid-up capital from EGP 5.933 billion to EGP 9.933 billion.

Asek Company for Mining’s (Ascom) board has approved decreasing its issued capital via writing off 5 million treasury shares.