Latest news and articles about financial investments from NEX English
The Ordinary General Assembly of Egyptians Housing and Development has approved the sale of its stake of <strong>284,475,949 shares</strong> in Odin Capital Group. A new board of directors was also elected, chaired by <strong>Ibrahim Fawzy Abdel Wahid</strong>.
The Egyptian Stock Exchange has approved the split of shares for Alexandria National Investments, alongside a name change for the company. This decision aims to enhance financial liquidity and attract more investments.
The General Assembly of CI Capital Holding approved a distribution of a coupon worth <strong>57 piastres</strong> per share, to be paid in full on <strong>September 24, 2026</strong>. The assembly also ratified the company's financial statements for the fiscal year ending <strong>December 31, 2025</strong>.
Belton Holding has announced a net profit of <strong>1.3 billion EGP</strong> for the fiscal year 2025, reflecting the success of its investment strategies and sustainable growth in the Egyptian market.
State Street announced that a slight reduction in fees for the SPYM fund has attracted billions of dollars in investments. This shift reflects the significant impact of lower fees on investor decisions.