Basata Financial Holding, a leading investor in Egypt’s non-banking financing service sector, entered into a strategic partnership with Edge Holding for Investments to boost financial inclusion in Egypt

MM Group for Industry and International Trade (MTI) announced an increase in its issued capital from EGP 936.58 million to EGP 1.17 billion through the distribution of bonus shares.

MM Group for Industry and International Trade (MTI) registered net profits attributable to the owners of the parent company valued at EGP 295.033 million in the first quarter (Q1) of 2025

MM Group for Industry and International Trade (MTI) reported a 65.05% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest in the first nine months of 2024 to EGP 782.176 million from EGP 473.907 million.

MM Group for Industry and International Trade’s (MTI) ordinary and extraordinary general meetings (OGM and EGM) have approved raising the issued and paid-up capital by EGP 187.319 million distributed over 302.124 million shares at a nominal value of EGP 0.62 per share.

The Egyptian Exchange’s (EGX) listing committee has approved listing an increase of EGP 187.319 million for MM Group for Industry and International Trade’s (MTI) issued and paid-up capital.

MM Group for Industry and International Trade’s (MTI) consolidated net profits attributable to the parent company rose 61.8% year on year (YoY) during the first quarter (Q1) of 2024.

MM Group for Industry and International Trade (MTI) reported a 100.5% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest in 2023 to EGP 687.077 million, compared to EGP 342.681 million.

MM Group for industry and International Trade (MTI) announced that Vodafone Egypt has received the Central Bank of Egypt’s (CBE) approval to raise its stakes in TBE Egypt for Payment Solutions and Services (Bee) and Applications and Payment Systems Development (Masary).

MM Group for industry and International Trade (MTI) has signed a strategic partnership with India’s Tata Motors to be the official distributor of the latter’s commercial vehicles in Egypt.

MM Group for Industry and International Trade (MTI) reported a 119.5% year-on-year (YoY) increase in consolidated net profits after tax and non-controlling interest in the first nine months of 2023 to EGP 473.907 million from EGP 215.872 million.

MM Group for Industry and International Trade’s (MTI) board has approved establishing a wholly-owned company in Saudi Arabia to expand MTI’s business activities.

MM Group for Industry and International Trade (MTI) has submitted documents to the Egyptian Exchange (EGX) to list the EGP 149.853 million increase in its issued and paid-up capital.

MM Group for Industry and International Trade’s (MTI) board has approved acquiring a 40% stake in B Pharma Holding for EGP 205 million.

MTI is one of the leading distribution companies by geographic coverage in Egypt, with access to more than 40,000 points of sale. The Egyptian joint stock Company operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

The Egyptian joint stock Company operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

The Financial Regulatory Authority (FRA) has approved to publish the disclosure form regarding the approval of MM Group for Industry and International Trade’s (MTI) board to increase the company’s issued capital through the issuance of 241.7 million bonus shares at a par value of EGP 0.62 per share