ASEC Holdings

Qalaa closed out the year with strong top-line growth

Qalaa Holdings, a leader in energy and infrastructure (CCAP.CA on the Egyptian Exchange), released today its consolidated financial results for the three- and twelve-month periods ending 31 December 2024. During the year, Qalaa achieved a revenue of EGP 148.9 billion, a 53% y-o-y increase, mainly driven by ERC’s USD-denominated revenue, and further supported by broad-based growth across the Group’s subsidiaries.…