Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, paid $417 million of its debt, lowering the senior debt balance to $63 million from $2.35 billion

Elsewedy Cement has increased its stake in Qalaa Holdings to 8.73%, up from 4.97%.

Qalaa Holdings has completed transferring the capital-increase shares from QHRI to shareholders who took part in the company’s debt-purchase transaction, marking the final step in concluding all procedures related to the deal, as per an emailed press release.

Qalaa Holdings’ board of directors met to review the company’s plans to reduce loans and borrowing costs and agreed on several measures to be studied further.

Qalaa Holdings delivered a resilient financial performance during the first three months of 2025, with revenues hitting EGP 37.2 billion

Qalaa Holdings has completed its capital increase subscription, raising a total of EGP 12.03 billion across two phases, with an overall coverage ratio of 85.95%.

Qalaa Holdings’ board of directors approved increasing the authorized capital from EGP 10 billion to EGP 50 billion.

Qalaa Holdings inaugurated a herbs drying factory at Dina Farms, with an investment estimated at EGP 400 million

Qalaa Holdings achieved 75% year-on-year (YoY) higher revenues at EGP 37.6 billion in the third quarter (Q3) of 2024

Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has finalized its senior and subordinated debt restructuring as of December 20th, 2024.

Qalaa Holdings’ consolidated net profits attributable to the parent company surged by 9,780.6% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 7.217 billion, compared to EGP 73.046 million.

Qalaa Holdings has sealed a debt settlement agreement with four banks for a total of EGP 4.547 billion.

Qalaa Holdings has finalized a debt settlement agreement, transferring a 17.7% stake in TAQA Arabia, equivalent to 239 million shares, to settle EGP 3.35 billion in debt with four local banks, as per a disclosure.

Qalaa Holdings has collected EGP 1.711 billion from brokerages on behalf of their clients in the its second and final phase of its debt buyback program, with a coverage ratio of 808%.

Qalaa Holdings announced that the debt purchase offer submitted by QHRI shall not include providing the latter any interest on the debt to be purchased from the former as of the day the debt is transferred to it until it is fully paid off.

Qalaa Holdings’ consolidated net profits after tax and non-controlling interest soared by 419.2% year on year (YoY) in 2023, hitting EGP 6,523 billion, compared to EGP 1,256,287,000 billion.

Qalaa Holdings has reached an agreement with five banks to clear a hefty debt exceeding EGP 13 billion, as per a statement.

Qalaa Holdings earned consolidated net profits attributable to the parent company of EGP 1.736 million during the first nine months of 2023, up by 104.94% year on year (YoY) from EGP 847,114, according to the firm’s financial statements.

Qalaa Holdings is considering investing $2 billion in Egypt within the coming two years.

Qalaa Holdings earned consolidated revenues of EGP 27.7 billion the second quarter (Q2) of 2023, up by 2% year on year (YoY).