Iron And Steel for Mines and Quarries 3.97 0 %

ASCOM 34.82 -1.19 %

Lotus For Agricultural Investments And Development 0.58 -0.51 %

Atlas 1.01 -0.98 %

International Agricultural Products 18.51 -0.8 %

Al Khair River For Development Agricultural Investment&Envir 0.582 0 %

Egypt for Poultry 4.4 -0.45 %

Mansoura Poultry 1.43 0 %

Cairo Poultry 13.95 -1.55 %

Ismailia Poultry 8.65 -0.46 %

General Co for Land Reclamation 48.26 -1.93 %

Wadi Kom Ombo 92.53 1.47 %

Foodico 62.1 -0.74 %

Fitness Prime 1.77 -0.56 %

Vertika 1.42 -9.55 %

Al Moasher 3.09 0.98 %

City Lab 1.54 10 %

Arab For Development and Real Estate Development 1.34 3.88 %

First Investment 2.45 2.08 %

Meatello 4.98 -9.95 %

Utopia 30 -1.99 %

Barbary Investment Group 0.143 -2.72 %

International Business Corp 2.97 10 %

Rekaz Holding 2.05 -3.76 %

Union Pharmacist 2.45 -8.92 %

ICMI 2.57 0.78 %

Integrated Engineering Group 0.176 -1.68 %

El Badr Investment and Development-BID 1.71 4.27 %

Heibco for commercial investments & real estate development 1.96 9.5 %

Al Fanar Construction 3.45 4.23 %

Rights Issue Of Integrated Engineering Group S.A.E -2 0 0 %

Egyptian Warehouses 0 0 %

Global Telecom 0 0 %

Rowad Misr 0 0 %

Egyptian Company for International Touristic Projects 0 0 %

Lakah Group 0 0 %

United Arab Stevedoring 0 0 %

Alexandria Cement 0 0 %

Suez Cement 0 0 %

Modern Shorouk Printing & Packaging 0 0 %

Advanced Pharmaceutical Packaging 0 0 %

Modern Company for water proofing (Bitumode) 0 0 %

Al Ezz Dekheila Steel 0 0 %

Tourah Cement 0 0 %

Nile Cotton Ginning 0 0 %

Sohag National 0 0 %

Delta Construction & Rebuilding 0 0 %

Arab Land Direct Mutual Fund 0 0 %

Orascom Construction 280.25 -0.49 %

Macro Group Pharmaceuticals - Macro Capital S.A.E 2.4 0 %

Act Financial 3.28 -1.5 %

Trans Oceans Tours 0.038 -2.56 %

Media Production City 22.3 -1.2 %

M T I 7.99 -1.48 %

Digitize for Investment And Technology 3.35 -3.18 %

Fawry 8.39 1.08 %

E-finance 19.31 2.17 %

Raya Contact Center 7.07 -0.98 %

Suez Canal Co for Technology Settling 91.46 -0.38 %

Speed Medical 0.357 0.28 %

Marseilia 3.75 -4.34 %

Contact Financial Holding 4.44 -2.84 %

Qalaa Holdings 2.21 -0.45 %

Arab Co. for Asset Management And Development 0.909 -0.33 %

Cleopatra Hospital 8.1 2.02 %

Egyptian Modern Education Systems 0.351 4.15 %

Cairo Educational Services 28.15 -3.03 %

Alexandria New Medical Center 19.36 -0.67 %

Nozha International Hospital 9.14 3.51 %

El Wadi International 0.724 0 %

Marsa Marsa Alam 2.2 4.76 %

Golden Coast 1.1 -4.35 %

Sharm Dreams 16.03 -0.31 %

Egyptian Resorts 5.12 -1.73 %

Golden Pyramids Plaza 1.35 0 %

Pyramisa 114.01 -11.94 %

Orascom Development Egypt 18.4 -1.87 %

Remco 3.75 4.75 %

Misr Hotels 28.34 0.18 %

A Capital Holding 2.6 0 %

Orascom Financial Holding 0.4 -1.96 %

Egyptians Real Estate Fund Certificates 9.25 -14.75 %

ARAB Developers Holding 0.331 0 %

EGX 30 INDEX ETF 33.75 0.15 %

Orascom Investment Holding 0.524 -1.87 %

Grand Investment Capital 10.69 7.01 %

B Investments Holdings 24.43 -0.61 %

TMG Holding 56.2 -0.97 %

Aspire Capital 0.258 0.39 %

Beltone Financial Holding 2.65 -2.21 %

CI Capital Holding 5.81 -0.17 %

Prime Holding 0.644 -1.98 %

Reacap 6.6 -3.23 %

Naeem Holding 0.146 0 %

EFG Hermes 20.61 1.03 %

Egypt Kuwait Holding 0.79 0.25 %

Egyptian Kuwaiti Holding-EGP 30.56 0.86 %

Al Ahly for Development and Investment 30.11 -1.02 %

El Kahera El Watania Investment 26 -13.19 %

El Orouba Securities Brokerage 0 0 %

EAC 4.29 1.18 %

Osool Brokerage 0.739 -0.4 %

AT Lease 3.79 -0.26 %

Amer Group 1.13 -0.88 %

Emaar Misr 7.5 -1.06 %

GB Auto 16 1.59 %

Alexandria National for Financial Investment 21.88 0 %

Arafa Holding 0.144 -2.04 %

Arab Moltaqa Investments 2.5 1.21 %

International Co for Investment & Development 3.42 1.18 %

Odin Investments 1.79 -0.56 %

Saudi Egyptian Investment and Finance 62.96 -2.87 %

SODIC 58.78 -0.46 %

El Arabia for Land Reclamation 50.25 -5.85 %

PHDC 6.3 0.64 %

Heliopolis Housing 9.2 -0.22 %

Madinet Nasr Housing 3.81 -1.3 %

El Obour Real Estate Investment 9.1 0.33 %

Cairo For Investment And Real Estate Development 14.61 0.76 %

National Real Estate Bank for Development 0.383 -0.26 %

Gharbia Islamic Housing Development 24.75 -0.28 %

Mena Touristic Investment 4.25 7.59 %

Egyptians for Housing 0.377 0 %

Real Estate Egyptian Consortium 0.666 -3.2 %

Gulf Canadian Real Estate Investment 48.26 1.07 %

National Co for Housing 54.06 -2.08 %

Al Shams Housing 6.13 -0.49 %

Development & Engineering Consultants 47.5 -1.04 %

El Kahera Housing 2.04 0.49 %

United Co for Housing 6.18 1.31 %

Mohandes Insurance 23.62 -2.03 %

Faisal Islamic Bank of Egypt 1.06 0 %

Faisal Islamic Bank of Egypt 37.93 -0.26 %

Housing & Development Bank 53.66 0.62 %

Export Development Bank of Egypt 17.48 0.58 %

Suez Canal Bank 22.3 1.18 %

Egyptian Gulf Bank 0.267 -1.11 %

CIB 80.89 -0.87 %

Abu Dhabi Islamic Bank 38.27 0 %

Al Baraka Bank 12.7 -0.78 %

The United Bank 14.29 0.28 %

QNB Alahli 32.2 -0.06 %

Credit Agricole 19.56 -0.2 %

GTEX For Commercial And Industrial 0.038 0 %

Taaleem Management Services 10.05 2.66 %

Egypt Free Shops 28.98 -0.58 %

El Dawlia Fertilizers 10.09 0.1 %

NUDAP 2.3 -2.13 %

Ibnsina Pharma 6.68 3.25 %

EGYFERT 87.5 -1.87 %

Taqa Arabia 12 -1.56 %

Telecom Egypt 32.9 1.32 %

NileSat 6.74 0.9 %

GMC 1.04 -1.89 %

Canal Shipping Agencies 26.75 0.91 %

Maridive 0.371 0 %

Alex Cont 22.6 1.94 %

Egytrans 5.53 -1.25 %

Gadwa for Industrial Development 4.29 1.9 %

Electro Cable 2.69 -0.37 %

Arab Engineering Industries 1.38 0.73 %

Elsewedy Electric 80.02 -2.14 %

ICON 23.34 -0.55 %

Arab Valves 4.1 -1.44 %

Egypt Aluminum 116.55 0.67 %

Acrow Misr 62.97 -0.36 %

Ataqa 5.07 -0.2 %

Egyptian Iron & Steel 48.07 -2.93 %

Arab Aluminum 13.57 0.52 %

Medical Packaging 1.26 0.8 %

Sinai Cement 27.92 -1.97 %

Misr Cement - Qena 23 1.95 %

Misr Beni Suef Cement 56.4 0.79 %

South Valley Cement 3.45 4.55 %

Ezz Steel 108.9 0.63 %

Lecico 32.74 -0.79 %

Remas 0.843 -0.12 %

Sheeni 9.83 -0.81 %

ACC 16.8 1.76 %

Gemma 23.17 -0.6 %

Rubex 9.67 2.76 %

MOPCO 38.25 -0.91 %

Egypt Gas 41.7 0.53 %

Misr Oils & Soap 60.24 5.3 %

Kafr El Zayat Pesticides 11.68 -1.85 %

Kahira Pharmaceuticals 96.5 -2.56 %

Egyptian Financial & Industrial 150.02 0 %

Memphis Pharmaceutical 51.48 -0.98 %

Alexandria Pharmaceuticals 319.9 0.17 %

Nile Pharmaceuticals 52.26 -0.4 %

ADCO 137.25 -0.01 %

Sabaa 1.38 2.99 %

Extracted Oils 3.79 0.26 %

Misr Chemical Industries 27.7 -2.91 %

Kima 7.23 -1.23 %

Rameda 3.34 0.3 %

Abu Qir Fertilizers 49.1 0.04 %

Glaxo SmithKline 37.26 -1.09 %

Unipack 0.529 -0.19 %

Sidi Kerir Petrochemicals 18.6 -1.17 %

October Pharma 103.47 -5.2 %

AMOC 7.69 -1.03 %

Minapharm Pharmaceuticals 172.7 -4.33 %

EIPICO 44.37 0.36 %

Delta for Printing & Packaging 68.01 -1.58 %

Eastern Co 29.41 0.03 %

El Ahram for Packing 9.55 -3.73 %

Rakta 25.58 4.97 %

Dice 2.34 -0.85 %

Kabo 3.85 0.79 %

Oriental Weavers 25.47 0.08 %

Arab Polvara 7.92 -0.25 %

Arab Cotton Ginning 8 0.63 %

Goldentex 25.7 -2.76 %

SPINALEX 9.1 -0.33 %

Obour Land for Food Industries 17.59 -0.11 %

Juhayna 31.5 2.54 %

Edita 27.4 -0.51 %

Cairo Oils & Soap 0.25 -0.4 %

Alexandria Flour Mills 26.71 5.91 %

Upper Egypt Flour Mills 262 -2.92 %

General Co for Silos & Storage 172 0.52 %

Middle & West Delta Flour Mills 313.5 -2.14 %

South Cairo & Giza Flour Mills 58.51 -1 %

Middle Egypt Flour Mills 49.75 2.9 %

North Cairo Mills 41 2.04 %

East Delta Flour Mills 214 -1.87 %

Sharkia National Food 5.61 0.54 %

Arab Dairy 3.13 0.32 %

Delta Sugar 50.66 -1.29 %

El Nasr for Manufacturing Agricultural Crops 25 -2.72 %

Domty 27.25 0.04 %

Lift Slab Misr 0.302 -1.63 %

Nasr Company for Civil Works 3.83 -0.78 %

Industrial and Engineering Projects 0.251 0.4 %

Pioneers Properties 3.11 0.32 %

Tanmiya for Real Estate Investment 3.59 1.7 %

Giza General Contracting 0.41 -0.97 %

Elsaeed Contracting 0.879 0.23 %

New Ismailia Urban Development 18.21 4.96 %

Egyptians for Investment 0.237 -2.07 %

Arabia Investments Holding 0.544 -1.09 %

Zahraa Maadi 3.31 -1.78 %

El-Nile Co.For Pharmaceuticals And Chemical Industries–Nile1 0 0 %

Rights Issue Of Memphis Pharmaceuticals &Chemical Industries 0 0 %

Rights Issue Of Sinai Cement -2 0 0 %

National Drilling 0 0 %

Qalaa for Financial Investments LLC 0 0 %

El Shams Pyramids 0 0 %

Catalyst Parteners Middle East –CPME 0 0 %

Certificates Of Odin Egyptian Equity Investment Fund-KASAB 0 0 %

Saudi Egyptian Investment & Finance 0 0 %

Incolease 0 0 %

Delta Insurance 0 0 %

Banque Du Caire 0 0 %

Damietta Containers & Cargo 0 0 %

Port Said Container and Cargo Handling 0 0 %

Middle East Glass 0 0 %

National Printing 0 0 %

Gogreen for Agricultural Investment 0 0 %

Al – Ahly Group For Modern Agriculture 0 0 %

Philip Morris acquires 14.7% indirect stake in Eastern Company

Updated 5/23/2024 5:01:00 AM

Philip Morris acquires 14.7% indirect stake in Eastern Company

Arab Finance: Philip Morris International has acquired an indirect minority stake of 14.7% in Eastern Company, according to a statement.

This figure represents 49% of the stake previously acquired by the UAE’s Global Investment Holding, Eastern Company’s Managing Director Hany Aman told Asharq Business.

Last November, Egypt announced that UAE’s Global Investment Holding purchased 699 million shares in Eastern Company at EGP 24.52 per share, amounting to $625 million.

This transaction was part of a broader program to sell state assets aimed at reforming the economy.

Philip Morris aims to explore, on a non-exclusive basis, potential strategic areas for long-term mutual cooperation in technology, manufacturing, and innovation, including heated tobacco products.

Additionally, they plan to discuss potential areas of cooperation with Eastern Company, including opportunities to offer better cigarette choices to adult smokers in Egypt.

Tags

Eastern Company Philip Morris Minority stake

Related News

Eastern Company’s profits see 62% YoY hike in Q1 FY2024/25 Updated 11/13/2024 9:28:00 AM

Eastern Company sees EGP 875M block trading on EGX Updated 11/11/2024 10:34:00 AM

Eastern Company sets new cigarette prices Updated 11/6/2024 8:28:00 AM

Eastern Company sees EGP 500M block trading on EGX Updated 11/4/2024 11:02:00 AM

Eastern Company renews cooperation agreement with JTI for 3 years Updated 10/20/2024 9:53:00 AM

Watch Now

Economic Reforms and Stability .. Egypt’s priorities for 2025

Stay tuned for our interview with Ahmed Tarek and Basel El Deeb, Partners and Co-CEO at Tarek Nour Group

Stay tuned for our interview with Hany Adel, CEO and Co-Founder of Green Codes EHS