Qalaa Holdings

Qalaa Holdings records LE 1.5B losses during 2019

Mon, 04 May 2020 - 12:21 GMT

As per standalone results, the company’s losses increased 52 percent, recording LE 334.2 million in 2019, compared to losses of LE 219.54 million in 2018.

Qalaa to sell electricity of Benben Project to government in Feb.

Thu, 14 Feb 2019 - 01:32 GMT

Qalaa Holdings announced that its first project to generate solar energy through photovoltaic (PV) cells in Benban hit a production of 50 megawatts.

Qalaa Holdings turns into profitability in Q2 2018

Sun, 30 Sep 2018 - 02:17 GMT

The company disclosed that its standalone results showed a loss of LE 2.35 million, compared to a loss of LE 102.44 million, with a 97.7 percent decrease.

Qalaa Holdings invests LE 18.6B in Egypt through 2017/18

Tue, 18 Sep 2018 - 11:24 GMT

Hekal clarified that the group investments came in the fields of energy, refining and solar energy in Bonyan, besides gas delivery to houses and the inauguration of 10 fuel stations.

Qalaa Holdings to invest in solar energy

Tue, 28 Aug 2018 - 08:48 GMT

The company clarified in a statement that Taqaa Arabia owns 60 percent of the solar power project, while Hassan Allam holds 40 percent of the project.

Qalaa Holdings gets LE 162M from sale of Bonyan

Tue, 03 Jul 2018 - 10:47 GMT

The deal included the settlement of bank debts, whereby Compass settled bank liabilities and assumed liabilities to third parties amounting to LE 340 million.

Qalaa Holdings decreases its loss to LE184M in Q12018

Mon, 02 Jul 2018 - 03:35 GMT

As per standalone results, the company’s loss increased 41.62 percent, to LE 63.37 million, up from LE 44.75 million in the same period of 2017.

Qalaa Holdings marked loss of LE 5.9B in 2017

Tue, 15 May 2018 - 10:24 GMT

As per standalone results, the company’s loss declined 77 percent, to LE 452.3 million, compared to a loss of LE 2.003 billion in 2016.