AMOC records robust June sales despite COVID-19

16 August 2020 No Comments on AMOC records robust June sales despite COVID-19

The Alexandria Mineral Oils Company (AMOC) has recorded strong sales in June 2020, despite the weak global and regional economic backdrops due to the novel coronavirus (COVID-19) pandemic. For more details: https://dailynewsegypt.com/2020/07/29/amoc-records-robust-june-sales-despite-covid-19/ Read more

AMOC More Coming Soon

5 November 2017 Comments Off on AMOC More Coming Soon

AMOC More Coming Soon November 5, 2017 | EGVEST MARKETS Team AMOC, one of the top market players, joined the EGX30 index on the 26th of July 2017, and the company seems to have more headway in store for the near future. During our regular visit to Eng. Amr Moustafa, AMOC CEO, we discovered new... Read more

Sales boost AMOC profits 375% in Q1

1 November 2017 Comments Off on Sales boost AMOC profits 375% in Q1

AMOC's sales amounted to EGP 3.5 billion during its first quarter  31 October 2017 12:00 PM Cairo – Mubasher: Alexandria Mineral Oils Co. (AMOC) on Tuesday reported its results for the first quarter of its fiscal year 2017/2018, logging a 374.7% year-on-year profit surge on the back of higher sales. For more details: https://english.mubasher.info/news/3180109/Sales-boost-AMOC-profits-375-in-Q3 Read more

Brainstorm to success: Amr Mostafa, CEO of AMOC

1 October 2017 No Comments on Brainstorm to success: Amr Mostafa, CEO of AMOC

CEO Magazine: Brainstorm to success: Amr Mostafa, CEO of AMOC Encouraging new ideas and a culture of cooperation is what CEO Amr Mostafa Kamel believes has helped ensure AMOC stays at the head of the fast-changing oil industry. Negotiating the intricacies of the Egyptian revolution was a good grounding for Amr Mostafa Kamel in his... Read more

EGX reviews AMOC capital increase to EGP 1.3bn

27 August 2017 No Comments on EGX reviews AMOC capital increase to EGP 1.3bn

EGX reviews AMOC capital increase to EGP 1.3bn The Egyptian Exchange (EGX) said that Alexandria Mineral Oils Co (AMOC) has submitted documents to increase its issued capital from EGP 861 million to EGP 1.29 billion through financing bonus shares from the public reserve. For more details: https://english.mubasher.info/news/3150782/EGX-reviews-AMOC-capital-increase-to-EGP-1-3bn البورصة توافق على إجراءات "أموك" لزيادة رأس المال... Read more

AMOC-Double-digit growth on EGP Floatation

2 August 2017 No Comments on AMOC-Double-digit growth on EGP Floatation

EGVEST AMOC - Double-digit growth on EGP floatation July 18, 2017 | Mubasher reaserch   Earnings more than double on inflated operations: Alexandria Mineral Oil Company (AMOC.EGX) announced preliminary financial results for FY2016/2017, posting 153% YoY growth in earnings to EGP1.10bn, slightly lower the MTRe of EGP1.17bn by 6%. During the year, AMOC booked EGP275.2mn of... Read more

AMOC inks purchase deals with Dana Gas, Iraq

11 May 2017 No Comments on AMOC inks purchase deals with Dana Gas, Iraq

AMOC inks purchase deals with Dana Gas, Iraq Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) has reached an agreement with UAE’s Dana Gas to purchase 140,000 barrels of condensate per month, Reuters reported on Sunday. AMOC’s CEO Amr Mustafa said last week that the final agreement will be signed within a week. Mustafa added... Read more

AMOC Management Meeting| Positive impression overall

7 May 2017 No Comments on AMOC Management Meeting| Positive impression overall

Karim Ezzat karim.ezzat@pharosholding.com Alexandria Mineral Oils Co Management Meeting on FY16/17 Strong year on EGP Flotation, higher prices, and an improved product mix   May 7, 2017 Management attribute strong revenue growth in 9MFY16/17 to EGP flotation Despite a c.8% YoY drop in total production in 9MFY16/17, as a result of a 26 day production... Read more

First Impression: AMOC Embarks on Bold Initiatives

7 May 2017 No Comments on First Impression: AMOC Embarks on Bold Initiatives

FIRST IMPRESSION | AMOC EY FV Upgrade in Sight as AMOC Embarks on Bold Initiatives Soha Saniour Analyst - Industrials ssaniour@beltonefinancial.com www.beltonefinancial.com May 7, 2017 IMPRESSION: Positive Alexandria Mineral Oils Company (AMOC) held its first earnings release event on May 4, 2017. The event is one of the first steps in the execution of AMOC’s... Read more

AMOC taps Bank of New York as advisor on GDR issuance

3 April 2017 Comments Off on AMOC taps Bank of New York as advisor on GDR issuance

Thursday, 23 March 2017 AMOC taps Bank of New York as advisor on GDR issuance The Board of state-owned Alexandria Mineral Oils Company (AMOC) has reportedly decided to tap BNY Mellon to run its GDR program and expects to ink an agreement with the bank next week, Al Shorouk reports, citing an unnamed source at... Read more