QALA for Financial Investments 2017 Annual Report with Sustainability Disclosures
The report highlights Qalaa Holdings' solid operational performance in 2017, with consolidated revenues increasing by 22% to EGP 9.3 billion, driven primarily by its energy and mining sectors. The company made significant progress on its portfolio restructuring strategy, nearing completion of its divestment program of non-core assets to focus on energy and infrastructure platforms. Key developments include the near-completion of the USD 4.3 billion Egyptian Refining Company (ERC) project and TAQA Arabia's expansion into solar power at the Benban Solar Park. Qalaa also continued its strong commitment to sustainability and education, notably through the Qalaa Holdings Scholarship Foundation and the ERC Mostakbaly initiative.
Company: QALA for Financial Investments
Sector: Finance & insurance
Country: Egypt
Year: 2017
Type: Annual Report with Sustainability Disclosures
Pages: 41
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QALA for Financial Investments
Annual Report
The report highlights Qalaa Holdings' solid operational performance in 2017, with consolidated revenues increasing by 22% to EGP 9.3 billion, driven primarily by its energy and mining sectors. The company made significant progress on its portfolio restructuring strategy, nearing completion of its divestment program of non-core assets to focus on energy and infrastructure platforms. Key developments include the near-completion of the USD 4.3 billion Egyptian Refining Company (ERC) project and TAQA Arabia's expansion into solar power at the Benban Solar Park. Qalaa also continued its strong commitment to sustainability and education, notably through the Qalaa Holdings Scholarship Foundation and the ERC Mostakbaly initiative.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees