Mubasher unveils top 100 listed firms in Egypt
DUBAI, February 22, 2016
Mubasher Financial Services has unveiled its list of the top 100 listed companies in Egypt last year, a ranking of the country’s top-performing firms in terms of performance.
The list was based on in-depth research conducted in cooperation with prominent business publication Amwal Al Ghad, said a statement.
Mubasher came to its assessments based on the performance of each company over the last three years to the period ended November 30, and excluded entities not listed on the Egyptian Exchange.
The firm assessed 202 companies, 108 of which saw negative returns and 94 of which saw positive returns once analysts factored in changes in market value during the period November 30, 2012 till November 30, 2015.
Mubasher Financial Services applied scientific rigor to the ranking to produce a precise and comprehensive look at every company assessed.
The companies were measured against change in value market; the total revenue of the company; the total revenue of the company; and the total revenue of the company.
Based on these criteria, Mubasher ranked each company and translated the ranking into final results, said the statement.
Amr Hussein Elalfy, managing director – Global Head of Research, said: “Mubasher developed the ranking to raise the global classification of local companies, spotlight lesser-known but high-performing businesses in Egypt, and ultimately help the government to identify potential private sector partners for future tenders.
"The ranking was based entirely on criteria used by global economic indices to assess performance, which ensures that every corporation on the list is held to international standards.” - TradeArabia News Service
