B Investments is pleased to announce that Giza Arabia (Giza Systems’ subsidiary in Saudi Arabia) has been awarded the Major Smart Water Meters Project in the Northern and West-Northern Regions in Saudi Arabia for a value of c. USD 30mn. It is noteworthy to mention that B Investments owns c. 45% of Giza Systems. In […]
B Investments reported today its audited results for FY2018; posting consolidated Revenues of EGP 245 million, compared to EGP 172 million recorded during 2017 and implying a 43% Y-o-Y growth. The growth in Revenues were mainly derived from growth in dividends received and share of profits from portfolio companies, in addition to Finance Income. Earnings […]
B Investments’ Board of Directors approved the acquisition of a majority stake in Gourmet Group of Companies (Gourmet Egypt-GE and Gourmet Food Solutions-GFS – “Gourmet Group”) one of Egypt’s leading food retailing and manufacturing companies. The transaction entails the acquisition of 40% of the share capital of Gourmet Group for c. EGP 65 million and […]
B Investments reported today its audited results for 1H18; posting consolidated Revenues of EGP 135 million, compared to EGP 103 million recorded in 1H17 implying a 32% Y-o-Y growth. The growth in Revenues is mainly attributed to the strong financial performance of portfolio companies. Earnings Before Tax grew by 25% to reach EGP 119mn despite […]