Mohamed Abdel Fattah, legal advisor to Juhayna Food Industries, affirmed that the right to run for a board membership is not absolute in accordance with Law No. 159 of 1981.

The board of Speed Medical Company approved hiring Osoul Arabia for Investment and Financial Consultancy as an independent financial advisor to conduct a fair value study on the sale of Speed Hospital Company.

The board of Al Khair River for Development, Agricultural Investment, and Environmental Services agreed to increase the issued and paid-up capital to EGP 390 million from EGP 200 million.

The board members of Asek Company for Mining (Ascom) agreed to make a purchase offer for 90% of Ostool Transport’s shares, in exchange for EGP 641 million

The board members of Egyptians for Investment and Urban Development (EIUD) approved raising the issued and paid-up capital to EGP 165 million from EGP 150 million

Memphis Pharmaceutical’s board approved the estimated budget for fiscal year (FY) 2025/2026, targeting net profits after tax valued at EGP 300 million

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

Boursa Kuwait named Bader Nasser Al-Kharafi as the Chairman of the Board for three years from 2025 to 2027

QNB Egypt’s board of directors approved a cash dividend distribution of EGP 1.5 per share

The net profits attributable to the shareholders of Abu Dhabi Islamic Bank (ADIB Egypt) hit EGP 9 billion in 2024, an annual jump of 93% from EGP 4.673 billion.

Egyptian President Abdel Fattah El-Sisi has issued a presidential decree to reconstitute the board of directors of the Arab Contractors Company, headed by Ahmed El Assar

The board members of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) approved increasing the issued and paid-up capital to EGP 200 million

Arab Developers Holding Company has decided to set a dividend distribution policy for shareholders at 100% of the company's current capital

Union Pharmacist Company for Medical Services and Investment’s (UPMS) board members agreed to raise the authorized capital to EGP 100 million from EGP 30 million

The board members of Beltone Financial Holding greenlighted increasing the authorized capital from EGP 11 billion to EGP 22 billion

United Company for Housing and Development’s board members approved, on December 23rd, lowering the issued and paid-up capital by EGP 32.67 million

The International Company for Agriculture Crops’ (IFAP) board of directors greenlit increasing the issued and paid-up capital from EGP 320 million to EGP 760 million.

President Abdel Fattah El-Sisi has issued a decision on renewing the term of the Central Bank of Egypt’s (CBE) board of directors for an additional year, effective November 27th.

The Chairman of the Commercial International Bank of Egypt (CIB) Hisham Ezz El-Arab announced his decision to resign from his position within the next two to three years.

Palm Hills Development Company’s (PHDC) board of directors has decided to acquire businessman Yassin Mansour’s stake of 29.59% or 216.112 million shares in Taaleem Management Services Company for EGP 8.25 per share.