NEWS

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Risk of Dubai Debt Default Overstated

December 1st, 2009 The announcement on November 25th that Dubai World, Dubai’s flagship holding company, was going to ask all its creditors and those of its large scale developer Nakheel to stand still and extend debt maturities for six months until 30 May 2010, as the company undergoes restructuring (Nakheel has a USD3.5 billion bond...

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HC Brokerage Penetrates the Retail Sector through its Online Trading Service

October 25th, 2009 – As part of HC Brokerage’s (HCB) expansion plan into the retail market segment, the company was recently granted the Online Trading License and Mr. Mohammed Kish, who recently joined HCB, will act the Executive Director for this newly added service. Mr. Kishk previously held several leading positions including the post of Regional...

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Investing in Securities Yields Higher Returns Despite Carrying Higher Risks

October 14th,  2009 HC Securities and Investment held a workshop for a number of field experts and media personnel titled, “Investing in Securities Yields Higher Returns Despite Carrying Higher Risks” with the objective of identifying investment alternatives available in the market, their growth rates and their associated risks. Key factors affecting investment decisions were also discussed....

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HC Securities & Investment Achieved a Net Profit of EGP 13.5 Million

August 18th, 2009 – Despite repercussions of the economic crisis and its impact on the performance of companies operating in the capital market, HC Securities & Investment’s total revenue of activity during the first half of 2009 mounted to EGP 61 million, achieving a net profit of EGP 13,5 million, and shareholders equity stood at EGP...

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HC Monitors Performance of Its Seven Mutual Funds – Growth Rates of Most Funds Exceed 21% in Seven Months, Considerable Increase in Prices of Certificates

July 31st, 2009 – This July, the seven mutual funds managed by HC achieved high growth rates. The funds continued their superior performance, maintained their targeted growth rates, and achieved rewarding returns to certificate holders. The latest report by HC indicated considerable increase in the returns of the seven funds as well as continuous rise in...

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HC Acted as The Sole Financial Advisor to Almarai

June 11th, 2009 – Almarai, the leading GCC dairy and juice producer, announced today that it has acquired the International Company for Agro-Industrial Projects, known as “Beyti” for a total consideration of EGP 645 million. Beyti is a producer and distributor for a wide variety of dairy products owning a production facility located on the Cairo...

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HC Technical Analysis Coverage Expansion

April 15th, 2009 – HC Securities and Investment seeks to provide its clients with the adequate tools to assess the market with a more regional and global view. In light of this, HC’s Technical Analysis Department is expanding its coverage both globally & regionally to include major market indices such as the S&P 500 & NASDAQ....

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HC Golden Sponsor of AUCs International Conference on Global Economy ICGE

March 7th, 2009 – HC Securities & Investment participated in The American University in Cairo’s International Conference on Global Economy (ICGE). The 4-day event was held at AUC’s new campus from 3rd of March, 2009. This was not the first time for the leading investment & brokerage firm to sponsor ICGE events that are considered to...

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HC Restructures its Research Department

February 11th, 2009 –  As part of HC’s plan to deliver better services to its clients throughout the MENA region, the company is pleased to announce that it has recently restructured its Research Department to cover the most active stocks in the Arab region across different sectors that include Banking and Finance, Building Materials, Chemicals...