The Egyptian Refining Company (ERC) is deploying an AI-powered agent to predict equipment failures before they happen, Chairman of Qalaa Holdings Ahmed Heikal said at the EnterpriseAM Egypt Forum.

Qalaa Holdings plans to use proceeds from its capital increase to strengthen its capital structure and financial solvency while reducing the burden and risks associated with accumulated debt.

The Financial Regulatory Authority (FRA) has approved the publication of Qalaa Holdings’ prospectus to proceed with convening its extraordinary general meeting (EGM) to decide on increasing the company’s issued and paid-up capital.

Qalaa Holdings reported a consolidated revenue of EGP 54.5 billion in the second quarter (Q2) of 2026, 118% year on year (YoY) up from EGP 25.1 billion in Q2 2025, while recurring earnings before interest, taxes, depreciation and amortization (EBITDA) rose 880% to EGP 18.2 billion, as per the group's financial results.

El Sewedy Cement Company increased its stake in Qalaa Holdings after buying 15 million shares for 98.870 million, according to a bourse filing.

The extraordinary general meeting (EGM) of Qalaa Holdings approved the company's continuation despite registered losses, according to a bourse filing.

Qalaa Holdings’ board has approved purchasing an additional stake in the Egyptian Refining Company (ERC) to raise its indirect stake in ERC to 27.1% from 13%

Qalaa Holdings generated consolidated revenues of EGP 135.5 billion in 2025, as a planned 32-day maintenance shutdown at the Egyptian Refining Company (ERC) during the second quarter (Q2) weighed on its financial results.

Qalaa Holdings intends to proceed with the initial public offering (IPO) of Dina Farms for Food Industries on the Egyptian Exchange (EGX) in 2027, Co-Founder and Managing Director Hisham El-Khazindar told Al Borsa.

Egyptian Refining Company (ERC), in which Qalaa Holdings (CCAP) owns 13% stake, has fully repaid its main debt.

Qalaa Holdings (CCAP) said it could become the majority shareholder in Taqa Arabia, with its ownership potentially exceeding 55% through a combination of future share purchase rights and planned acquisitions.

Qalaa Holdings (CCAP) reported consolidated revenue of EGP 38.3 billion in the third quarter (Q3) of 2025, reflecting a recovery following the previous quarter’s decline linked to a 32-day maintenance shutdown at the Egyptian Refining Company (ERC).

Qalaa Holdings generated consolidated revenues of EGP 25.1 billion in the second quarter (Q2) of 2025, 34% year-on-year (YoY) down.

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.