Egypt's stock exchange (EGX), the Middle East's best performer last year, plans to launch a derivatives market by mid-2023, its chairman said on Tuesday.
The market is expecting this year a slew of initial public offerings (IPOs) in the vicinity of (...)
Mohamed Farid, chairman of Egypt's Financial Regulatory Authority (FRA), has been elected as chairman of the Growth and Emerging Markets Committee (GEM) at the International Organisation of Securities Commissions (IOSCO) for the 2022-2024 term.
GEM (...)
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, (...)
Commercial International Bank (CIB), one Egypt's largest private banks, reported on Sunday a 20 percent year-on-year growth in net profit for the first quarter of the year.
Net profit recorded around 2.837 billion Egyptian pounds ($181.2 billion) at (...)
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 (...)
Egypt's Qalaa Holdings, one of the country's largest investment companies, reported on Monday a 148 percent year-on-year growth in consolidated revenues for the year ended 31 December 2020.
Consolidated revenues grew to 35.9 billion Egyptian pounds (...)
Egypt's investment bank EFG Hermes Holding reported on Wednesday a 12 percent year-on-year growth to reach 5.5 billion Egyptian pounds (349.6 million) despite the impact COVID-19 had on global economies and capital markets.
"2020 was a year unlike (...)
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 (...)
Sarwa Capital Group has become the first financing company to receive accreditation by the Traffic Authority after it succeeded in obtaining the first consumer finance licence in Egypt, CEO Saeed Zaatar said.
The group has obtained the first licence (...)
The Egyptian market is provided with a “golden opportunity” to transform into a global manufacturing hub through attracting intermediate industries that serve the global supply chains through the Suez Canal economic zone, according to Khaled Saba (...)
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 (...)
Egypt's stock exchange has introduced on Sunday short-selling, as part of efforts to help attract more fresh investment and boost market liquidity.
By allowing the short selling mechanism — the sale of a borrowed security in the hope of buying it (...)
Egypt to issue international sukuk before the end of the first quarter of 2020, according to the Chairman of the Financial Regulatory Authority.
He added that FRA is studying the possibility of issuing Sukuk finances for two companies operating in (...)
EFG Hermes is managing 2 billion Egyptian pounds short-term securitization bond issuance programme for Premium International for Credit Services within two years, – Mostafa Gad, Co-Head of EFG Hermes' Investment Banking Division said.
The programme (...)