Egypt's EFG Hermes reported on Wednesday a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million).
The group attributed the growth to an outstanding performance from the EFG's (...)
Cairo-based investment firm SOLID Capital, member of Dutch venture capital firm Solid Capital Group, plans to launch a new equity fund before the end of this year, with an initial capital of $250 million.
The fund will finance projects and (...)
Egypt expects to offer its first green bonds by a private company on Wednesday, said head of Egypt's Financial Regulation Authority (FRA) on Tuesday.
The offering of the green bonds will take place with value of $100 million, FRA chairman Mohamed (...)
Corporate law firm, Al Tamimi & Company announced on Monday that it had been mandated as legal advisor in Compass Capital's potential acquisition of 100 percent stake of Alexandria National Company for Financial Investment (ANFI).
On June 20, (...)
Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale of 100 percent of the share capital of its Egyptian subsidiary to First Abu Dhabi Bank (FAB).
EFG acted as sole financial advisor to (...)
Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr's potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner Anwar Zeidan said on Monday.
Zeidan did not disclose (...)
NI Capital Holding Company, the investment arm of the National Investment Bank, aims to offer two new companies for public offering as part of the government sponsored IPO program before the end of the first quarter, Mohamed Metwally, CEO and (...)
Egypt will postpone its planned government initial public offering programme, which includes dozens of state-owned companies, until the second half of the year to ease the coronavirus threat.
The decision was made after stock markets across the (...)
Egypt's stock exchange (EGX) expects two public business sector companies to launch initial public offerings (IPOs) this year, its chairman said on Tuesday.
Mohamed Farid did not give any additional details.
Nearly four years ago, Egypt unveiled a (...)
Egypt's stock exchange is expecting to have initial public offerings of three private sector companies before the end of the second quarter of 2020, its chairman said on Wednesday.
The IPOs are in the energy, financial, and payment sectors, Mohamed (...)
Egypt's state-run Heliopolis Company for Housing and Development plans to start offering additional shares of 15 percent by the end of the first half , according to Managing & Executive Partners of Shahid Law Firm.
Shahid Law Firm is serving as (...)
Egypt's Emerald Real Estate Investment will float 28 percent of its shares on the Egyptian stock exchange by mid-February, its chief executive said on Sunday.
Emerald seeks to sell 28 percent, representing 70 million shares, in a two-tranche share (...)
Egypt's investment bank CI Capital reached 9.2 billion Egyptian pounds ($582.2 million) in assets under management by the end of 2019, according to its Co-CEO Hazem Badran.
CI Capital is managing assets of fixed-income, money market, and equity (...)
Egyptian investment bank HC Securities and Investment is working on two acquisition deals, Mahmoud Selim, head of HC's investment banking division, told Amwal Al Ghad on Wednesday.
The acquisitions are valued at $90 million and are in the health (...)
Fourteen Egyptian companies are aiming to launch initial public offerings (IPOs) within 2020, the country's stock exchange chairman Mohamed Farid said on Tuesday.
Nearly three years ago, Egypt unveiled a programme to sell stakes in state-owned (...)
Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Group, is seeking to conclude 13 deals valued at 5 billion Egyptian pounds ($310 million) by the end of the current year, its chief executive Mohamed Reda (...)
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets, successfully concluded advisory on the follow-on sale of 69.1million shares, representing 8.4% of Ibnsina Pharma shares on the Egyptian Stock Exchange.
Shareholders (...)
Egypt's Masr Capital for Projects Valuation and Assets Administration is restructuring around 25 firms ahead of their initial public offerings on the country's SMEs stock exchange, Nilex.
"Most of these firms are operating in the industrial sector," (...)
Egypt's EFG Hermes is advising on 4-5 acquisitions expected to close before the end of the year, Mostafa Gad, co-head of EFG Hermes' investment banking division, said on Sunday.
The acquisitions are exceeding 2 billion Egyptian pounds ($120.5 (...)
Egypt's EFG Hermes investment bank hopes to finalise the listing of state-owned Banque du Caire and Alexandria Container and Cargo Handling before the end of the year, co-head said on Thursday.
These IPOs are part of EFG Hermes' plans to manage new (...)
Egypt's stock Exchange (EGX) seeks to establish a new company to handle clearing and settlement for a planned derivatives market at the end of the year, its chairman says.
"Several amendments to ongoing trading systems are underway to help activate (...)
The World Bank's International Finance Corporation (IFC) has made a combined $57 billion in so-called impact investments in the emerging markets, its corporate governance officer said on Wednesday.
Impact investing seeks to make a profit while also (...)
The Arab region needs investments worth $230 billion to achieve the sustainable development, said a World Bank official on Tuesday.
The growth rates in the Arab region during the past two years reached 2 percent, said Mahmoud Mohie el-Din, the World (...)
“The stock exchanges play important role in providing new funding tools in various Arab markets and is a main pillar to achieve sustainable development,” Egypt's Minister of Investment and International Cooperation Sahar Nasr said.
The minister (...)
Banque Du Caire is seeking to acquire both National Bank of Egypt and Banque Misr shares in International Bank (CIB)- Kampala, Chairman Tarek Fayed said.
He added that his bank has submitted a formal request to the Central Bank of Egypt Cairo.
He (...)