Alexandria Bank is intending to allocate LE1 billion from its loan portfolio to finance infrastructure projects. Moreover, the bank also intends to arrange syndicated loans to finance around 52 projects in the field of infrastructure.

Medical Union Pharmaceuticals (MEDU.CA) recorded a net profit of LE158.8 million in FY09 compared to LE117.3 million in FY08.

Housing & Development Bank (HDBK.CA) posted it financial results for the year ended on December 31, 2009 with a net profit LE233.9 million compared to LE201 million in the earlier comparable year.

Revenue from Egypt's Suez Canal rose 10.7% year on year to US$334.1 million in February, but fell from January. Some 1,256 vessels passed through the canal in February, down 1.3% from a year earlier and 11.4% from January, the Egyptian cabinet's information website said.

Citadel Capital (CCAP.CA) said it is setting up a new US$150 million co-investment fund for Africa, focusing particularly on the east of the continent.

Acrow Misr (ACRO.CA) released FY09 financial results with net profit of LE20.2 million versus LE21.6 million reported last year.

GB Auto (AUTO.CA) released its consolidated FY09 financial statements with net profit amounting to LE201.4 million compared to LE415.87 million achieved last year.