Qalaa Holdings, one of Egypt's largest investment companies, on Sunday reported a third-quarter net loss after minority interests of EGP59.6 million ($8.34 million), a 67 per cent decline on the previous quarter.

Qalaa has some $9.5 billion in assets under management, including dozens of firms mainly in Egypt, east and north Africa.

The company said it would issue $560 million in new shares by May 2015 to advance a major restructuring. – Reuters