By Mahmoud Hammad
Orascom Development Holding AG (ODHN)
Samih Sawiris, Chairman of Muriya and CEO of ODHN, said that $500m investments were channeled to develop Al Fanar Hotel at Salalah Beach in Oman.
Sawiris stated that Muriya owns about 70 per cent of the hotel, while Oman Tourism Development Company (Omran) owns the rest. He added that they are due to develop 700 hotel rooms as a first phase of a scheme by the group to develop its Salalah beach hotels.
He confirmed that inauguration of new hotels is a proof of Orascom’s commitment toward constructing luxurious touristic resorts and creating a high living standard.
This news had a positive effect on Orascom’s trading, yet its negative performance still persists.
Palm Hills Developments (PHD)
Chairman of PHD gave a preliminary approval on increasing issued capital in order to pay dividends in the form of free shares, and disclosure is to be presented and approved by the Board of Directors (BOD).
PHD’s BOD approved the decision of the chairman, under which 20 free shares are to be given in return for each equity and EGP 0.15 dividends for each share. 
PHD’s consolidated financial statements showed net profits of EGP 232m in Q4 ending 31 December, 2015. Moreover, PHD recorded net profits of EGP 1.06bn by the end of 2015 against EGP 373.3m in 2014 with an increase of 184 per cent.
Saeed El-Eweidy said that this news had a positive impact on the company’s share, which hit EGP 2.40, but went down during the rest of the sessions, which means that the impact was temporary and did not result in a quantum leap in prices.
Juhayna Food Industries
Juhayna’s Chairman and Managing Director said that business results show a 15 per cent annual growth in sales to reach EGP 4.2bn in 2015 and a consolidated net profit of EGP 280m with a 65 per cent growth rate compared to 2014. 
He added that Juhayna channeled EGP 344m investments to expand franchises, develop sales and distribution networks, boost production capacity, and improve the company’s dairy farm which began to daily provide part of the production input and raw material.
Juhayna’s ordinary general assembly agreed to approve dividend yields of fiscal year ending 31 December, 2015. It agreed to pay EGP 141m for a total of 941.4 shares; namely 15 piasters (EGP 0.15) per share.
Analyst Saeed El-Eweidy said that Juhayna’s shares have been inactive for a while and trading on it fell back reaching 201.2 thousand shares by the end of last week to EGP 1.4m, mostly EGP 7 per share.
Orascom Telecom Media and Technology (OTMT)
OTMT reported that its BOD approved to present an obligatory tender offer to acquire 100 per cent of CI Capital,Commercial International Bank’s (CIB) investment banking arm, by the company or any of its subsidiaries.
OTMT had previously presented a non-obligatory acquisition offer to CIB over its CI Capital.
OTMT added that Chairman, Naguib Sawiris, was delegated to conclude the deal, upon due inspection and non-obligatory tender offer previously presented.
National Bank of Egypt has announced that its investment banking arm, NCB Capital, has joined the acquisition battle over CI Capital. But, the deal came to an end over a disagreement on the period of inspection required by NCB Capital. This news did not affect the company’s share that recorded high trading volume amid retreat of most stock market.
Egyptian Company for Mobile Services- Mobinil
Mobinil said that its consolidated unaudited financial statements show EGP 10.4m profits in 2015 compared to EGP 399.7m losses in 2014.
Mobinil pointed out that it has started to generate profits in 2015 estimated at EGP 49.8m; especially in Q4, after EGP 357.6m losses in 2014. 
Samcrete (SMCS)
SAMCRETE’s Engineering & Construction arm said that managing development and marketing of Pyramids Heights residence project was assigned to SAMCRETE’s Real Estate Development. The project consists of 604 units ranging from 240 to 420 square meters.
The residence units will be delivered after 4 years, with a total cost of the project estimated at EGP 2bn.
The first phase of Pyramids Heights was launched in October 2015; and turned out to be very popular. Three phases of the project were promoted till January 2016 covering targeted sales of the Company till the end of this year.
LG Electronics Egypt
LG refuted rumors that it plans to decrease or suspend its production in Egypt. It confirmed that it is still committed to the Egyptian market, its employees and clients.
Despite the hardships that LG has recently faced in Egypt represented in shortage of foreign currencies, work will be back on track in the upcoming period due to its long and positive relationship with the Egyptian government, and cooperation with the banking sector.
LG stressed its commitment toward Egyptian market and consumer, which would prompt the company to carry on its work and expand in Egypt.
General Motors
General Motors announced resuming production in its 6th of October plant during this week. It expressed gratitude to the Egyptian government and banking sector for helping the company overcome its latest problem.
The company had announced, earlier, suspension of its production for a week as a result of dollar shortage crisis and goods overstock in ports.
It confirmed that it would continue its business in the Egyptian market stressing its commitment toward Egyptian industry and economy where automotive industry represents a key pillar.
