Key Information for bt100 companies numbers 51-60
51 Egyptian Satellite Company (NileSat)
Symbol: EGSA
2005 ranking: 39
Industry: Broadcasting and cable TV
Employees: 215
NileSat was established in 1996 to operate direct-to-home (DTH) broadcasting satellites and their associated ground control and up-linking facilities. The company has launched two satellites, NileSat 101 and 102, catering to the TV needs of more than 5 million viewers in Egypt, the Middle East and Africa. The two satellites cover all of Egypt and channels can be picked up in large parts of the Arab world, the Middle East, north and central Africa and southern Europe. Egyptian Radio and Television (ERTU) owns 40% of the company's shares, 20% are publicly traded and the balance are held by state-affiliated bodies.
In 2004, NileSat maxed out its existing satellites by providing 240 channels and at the end of the year announced plans to launch a third satellite in the first half of 2005. It had not done so as of January 2006.
In November, the company released 9M05 financial statements showing a near-doubling in net profits to $15.8 million.
MANAGEMENT: Amin Bassiouni (chairman and managing director)
LISTED: N/A
PAR VALUE: $5
MARKET CAP: LE 131.92 million
TRADING DAYS: 243 (out of max of 249)
AVG DAILY VOL: 7,841 shares
AVG DAILY VALUE: LE 23,244.88
COORDINATES: Oasis Road 6th of October Cairo Tel: +20 (2) 840-0149 / 0414 Fax: +20 (2) 840-0402 nilesat@nilesat.com www.nilesat.com.eg
52 Misr Cement Co. (Qena)(Misr Qena Cement)
Symbol: MCQE
2005 ranking: 52
Industry: Construction materials
Employees: 150
Misr Cement Company (Qena) was founded in 1997 by the Egyptian Federation for Construction and Building Contractors and today annually produces over 1.5 million tons of cement.
One of the few independent cement producers in Egypt, it turns out all cement types as well as other building materials. In a one year period, the company has exported 400,000 tons: 4% of Egypt's total exports.
MANAGEMENT: Mohamed Mahmoud Ali Hassan (chairman and managing director)
LISTED: 13/4/1997
PAR VALUE: LE 10
MARKET CAP: LE 1,820.70 million
TRADING DAYS: 249 (out of max of 249)
AVG DAILY VOL: 58,003 shares
AVG DAILY VALUE: LE 2,522,589.00
COORDINATES: 22 Anwar El Mofti Street Nasr City Cairo Tel: +20 (2) 403-2274 Fax: +20 (2) 403-9213
53 Arab & Polvara Spinning and Weaving (Arab Polvara, Arab Polivara)
Symbol: APSW
2005 ranking: 41
Industry: Textiles
Employees: 5,800
Established in 1968 and then privatized in 1997 by merging two companies: UNIRAB International for Marketing and Trading and United Arab Polvara Spinning, Weaving and Silk Company. The factory occupies 73 feddans in Siouf. Activities include spinning, weaving and yarn production. The company is increasingly becoming export-oriented and remains one of the most heavily traded on the CASE.
MANAGEMENT: Salah Abd El-Salam (chairman and managing director)
LISTED: 02/1995
PAR VALUE: LE 5
MARKET CAP: LE 628.06 million
TRADING DAYS: 249 (out of max of 249)
AVG DAILY VOL: 686,811 shares
AVG DAILY VALUE: LE 6,185,638.72
COORDINATES: Gamila Bohreid Street Al Siouf, Montazah Alexandria Tel: +20 (3) 505-0451 / 0166 Fax: +20 (3) 505-0573
54 South Cairo and Giza Mills and Bakeries (South Cairo and Giza Mills)
Symbol: SCFM
2005 ranking: 31
Industry: Food distributors
Employees: 3,216
South Cairo and Giza Mills and Bakeries, founded in 1966, ranks as Egypt's fourth-largest flour mill. SCFM owns nine flour mills and has been 40% privatized; the company has been part of the Holding Company for Food Industries since 1999.
According to reports on the state-owned MENA news agency, the government is presently debating sales of 20% stakes in mills including Alexandria Flour, East Delta, Central and West Delta, North Cairo, Central Egypt, South Cairo and Giza, Upper Egypt and Giza Flour mills. The agency quoted the Food Industries Holding Company as saying it would sell more than 20% of each to anchor investors if it receives "good offers."
For more on the milling industry, see story page 110.
MANAGEMENT: Farag Moustafa (chairman and managing director)
LISTED: 5/6/1996
PAR VALUE: LE 10
MARKET CAP: LE 60.15 million
TRADING DAYS: 216 (out of max of 249)
AVG DAILY VOL: 5,713 shares
AVG DAILY VALUE: LE 94,969.99
COORDINATES: 366 King Faisal Street Talebeya, Giza Cairo Tel: +20 (2) 586-9816 / 583-5853 Fax: +20 (2) 779-7001
55 Alexandria Flour Mills (Alexandria Mills and Bakeries)
Symbol: AFMC
2005 ranking: 40
Industry: Food distributors
Employees: 3,093
Alexandria Flour Mills' 16 plants process and package grains and grain by-products ranging from wheat to dough, macaroni and bakery goods. Established in 1965, AFMC was merged with North and South Alexandria Mills in 1995; 30% of the company was privatized in 1997.
According to reports on the state-owned MENA news agency, the government is presently debating sales of 20% stakes in mills including Alexandria Flour, East Delta, Central and West Delta, North Cairo, Central Egypt, South Cairo and Giza, Upper Egypt and Giza Flour mills. The agency quoted the Food Industries Holding Company as saying it would sell more than 20% of each to anchor investors if it receives "good offers."
For more on the milling industry, see story page 110.
MANAGEMENT: Hosni El-Deeb (chairman and managing director)
LISTED: 4/1997
PAR VALUE: LE 10
MARKET CAP: LE 80.28 million
TRADING DAYS: 245 (out of max of 249)
AVG DAILY VOL: 13,953 shares
AVG DAILY VALUE: LE 190,989.92
COORDINATES: 80 Gamal Abdel Nasser Street Down Town Alexandria Tel: +20 (3) 486-8755 Fax: +20 (3) 486-9128
56 Misr Beni Suef Cement (Beni Suef Cement)
Symbol: MBSC
2005 ranking: 59
Industry: Construction materials
Employees: 146
MBSC was established in 1997 on 450 acres in Beni Suef, sponsored by Bank Misr and private investors. In 1999, the Greek-owned cement company Titan entered into an agreement with Lafarge of France to jointly acquire 76% of MBSC. Its total production capacity amounts to 1.4 million tons a year. MBSC not only produces cement, but also cement products and packaging material.
MBSC has the lowest number of shares, the highest free-float and the newest plant in the sector. It has acquired an 8.84% (LE 31.85 million) stake in Alexandria Portland Cement.
Misr Beni Suef has a 1.4 million ton annual production capacity and is a joint venture with Lafarge. (See Alexandria Portland Cement).
MANAGEMENT: Ali Mohamed Ahmed (chairman) Farouk Moustafa Mohamed (managing director) Fayek El-Kasrawy (managing director)
LISTED: 16/8/1999
PAR VALUE: LE 10
MARKET CAP: LE 1,812.20 million
TRADING DAYS: 248 (out of max of 249)
AVG DAILY VOL: 18,716 shares
AVG DAILY VALUE: LE 1,044,277.82
COORDINATES: 8 Ahmed Nessim Street Giza Cairo Tel: +20 (2) 760-8311 / 8679 Fax: +20 (2) 749-2049 misrbenisuef_cement@yahoo.com
57 Egyptian Electrical Cables (Electro Cables)
Symbol: ELEC
2005 ranking: 40
Industry: Electrical components and equipment
Employees: 2,100
Founded in 1954 and fully privatized in 1997, ELEC is a market leader in the production of low- and medium-voltage cables with seven factories and a production capacity of 60,000 tons a year. The company decreased its capital from LE 445.5 million to LE 297 million to cover previous losses and early retirement schemes in 2004.
In November 2005, Electro Cables released amended 9M05 financials with net losses of LE 5.4 million, slightly better than the loss of LE 5.5 million for the same period in 2004. About two-thirds of ELEC's revenues are from sales of power cables to the electricity sector. It exports to African and Arab markets as well as to a handful of eastern European countries.
MANAGEMENT: Ahmed Mohamed Abdallah Al-Husseiny (chairman)
LISTED: 03/1995
PAR VALUE: LE 15
MARKET CAP: LE 133.20 million
TRADING DAYS: 249 (out of max of 249)
AVG DAILY VOL: 324,556 shares
AVG DAILY VALUE: LE 2,051,764.40
COORDINATES: Km 4.5 Tere'et al Ismailia Road Shubra El Kheima, Kaliubiya Cairo Tel: +20 (2) 220-5822/48 Fax: +20 (2) 220-2103 ece1@soficom.com.eg www.ece.com.eg
58 General Silos and Storage Company
Symbol: GSSC
2005 ranking: 50
Industry: Food distributors
Employees: 3,250
Created in 1988 to serve the state's flour mills and now partially privatized (40%), General Silos and Storage offers a range of grain services from storage to transport.
The company remains in the process of upgrading its silos, streamlining its unloading processes and increasing its capacity at the port of Alexandria. To address a decline in revenues over the last few years, the company put together at the turn of the century a new marketing plan to attract the private sector, signed long-term contracts and began selling both local and imported wheat.
GSSC posted net profits of LE 5.1 million in 1Q05-06, down from LE 7.1 million for the same period 2004-05.
MANAGEMENT: Mohamed Fahmy Abd El-Wahab (chairman) Hassanein Sakr (managing director) Eid Ashour (managing director)
LISTED: 5/1996
PAR VALUE: LE 10
MARKET CAP: LE 350.20 million
TRADING DAYS: 247 (out of max of 249)
AVG DAILY VOL: 16,579 shares
AVG DAILY VALUE: LE 498,739.95
COORDINATES: 1 Al Sawah Square Amiriya Cairo Tel: +20 (2) 258-8843 Fax: +20 (2) 259-4664 www.silos.com
59 Nile Pharmaceutical and Chemical Industries (Nile Pharmaceuticals)
Symbol: NIPH
2005 ranking: 47
Industry: Pharmaceuticals
Employees: 2,417
Established in 1962 and 33.3% privatized by 1997, Nile Pharmaceuticals manufactures cosmetics and 56 pharmaceutical lines for sale on the local, Middle eastern, African and eastern European markets.
The award-winning company hopes to open the Middle East's first genetic engineering facility to produce specialty drugs that are currently imported. Nile Pharma denied reports last March in noozz.com that Mondi Pharma had withdrawn from a joint production venture after a Swiss quality-control group had found "technical shortcomings" at Nile Pharma's Cairo plant.
The company's net profits climbed 29% to LE 11.1 million in 1Q05-06, up from LE 8.6 million the previous year.
MANAGEMENT: Salah El-Din Fayed (chairman and managing director)
LISTED: 4/1995
PAR VALUE: LE 10
MARKET CAP: LE 189.00 million
TRADING DAYS: 120 (out of max of 249)
AVG DAILY VOL: 1,711 shares
AVG DAILY VALUE: LE 82,921.85
COORDINATES: 1 Sawwah Square Amariya Cairo Tel: +20 (2) 602-3674 / 80 / 82 Fax: +20 (2) 256-1221 nile-pharm-eg@yahoo.com www.el-nile.com (inactive at press time)
60 Giza General Contracting and Real Estate Investment
Symbol: GGCC
2005 ranking: 55
Industry: Construction (homebuilding)
Employees: 1,030
Founded in 1935 and majority privatized in 1997, Giza General Contracting operates three offices in Egypt and one in Abu Dhabi while maintaining two factories for cement bricks and prefabricated units. It operates 75 sites locally and overseas. Contracting activities include utilities networks, government projects, housing and real estate development and engineering consulting.
MANAGEMENT: Mohamed Ezzat Al-Ma'ayergy
(chairman and managing director)
LISTED: 1997
PAR VALUE: LE 10
MARKET CAP: LE 22.18 million
TRADING DAYS: 232 (out of max of 249)
AVG DAILY VOL: 23,168 shares
AVG DAILY VALUE: LE 160,588.46
COORDINATES: 46 Falaki Street Bab El-Louq Cairo Tel: +20 (2) 597-0060 / 390-6976 Fax: +20 (2) 390-6976 giza@al-giza.com
Business Today Egypt 2006
