Arqaam Egypt, part of UAE investment bank Arqaam Capital, is advising on three acquisition deals expected to complete in the first quarter of 2020, managing director said on Monday.
The acquisitions are valued at $50-100 million each and are in the (...)
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 law firm Shahid aims to expand its legal advising businesses in Libya and Sudan this year, an official said on Tuesday.
"We are studying working with some offices in countries mainly Libya and Sudan to cater the needs of our clients living (...)
Egypt's EFG Hermes aims to boost its assets under management in the country by 25 percent at the end of the year, its co-chief executive of the investment banking division said on Wednesday.
EFG Hermes, which has a presence in the United Arab (...)
Egypt's financial institutions operation company e-Finance has appointed local law firm Zaki Hashem & Partners (ZH&P) as legal adviser for its planned initial public offering (IPO), sources with knowledge said on Tuesday.
e-Finance's IPO is part of (...)
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 (...)
Egyptian investment bank EFG Hermes said on Wednesday it had concluded UAE-based payments and foreign exchange company Finablr's 337 million pound ($434.4 million) initial public offering in London.
Finablr is a holding company for businesses (...)
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 (...)
Sphinx Egypt, part of investment giant Qalaa Holding, plans to launch $60-70 million private equity fund to invest in medium-sized enterprises by mid-2020, a company executive said on Monday.
The anticipated fund will invest mainly in industrial, (...)
“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 (...)
Egypt's legal firm Tahoun Consultancy has rescheduled debts of three troubled companies with total value of one billion Egyptian pounds during 2018, founder Nermine Tahoun told Amwal Al Ghad.
The companies are operating in the industry and (...)
Egyptian Endowments Authority is set to offer a limited bid between six asset management companies to manage its portfolio in the Egyptian stock market which is estimated by 200 million Egyptian pounds, its head said.
Sayed Mahrous, REA Head told (...)
Foreign Investors at the Egyptian Exchange (EGX) increased to 21.9 billion Egyptian pounds between the Pound flotation decision in November 2016 and the end of 2018, according to Chairman of EGX Mohamed Farid.
However, Net foreign investment 2.04 (...)
The Egyptian Exchange (EGX) plans to two new indices during the first quarter of 2019, according to Chairman of EGX Mohamed Farid.
Mohamed Farid added during a press conference that one of the two indices replace an already existing index in as part (...)
HC Securities & Investment was the financial adviser and acting broker in the acquisition deal of 74 percent of Egypt's packing and packaging Medco Plast for 843 million Egyptian pounds ($47.15 million) by Thai petrochemicals producer
HC Securities (...)
Egypt's law firm Shahid is advising on 20 merger and acquisition deals through 2018, its managing partner told Amwal Al Ghad on Monday.
The deals are valued at $500 million and are in several sectors, mainly new energy, pharmaceutical, healthcare, (...)
U.S. private equity and venture capital firm Cartel Capital plans to invest around $2 billion in Egypt and some Gulf countries before the end of the year, its investment head said on Monday.
The investments will be through acquisitions deals and (...)
Egypt's law firm Matouk Bassiouny has been formally mandated as a legal adviser on the additional public offering of the country's top cigarette maker Eastern Company, expected to launch next month.
Eastern company will list an additional 4.5 (...)
A selloff by foreign institutional investors triggered a 3 percent weekly fall in the market capitalisation of Cairo stock exchange to 849.635 billion Egyptian pounds ($47.7 billion).
Benchmark EGX 30 plunged by 3.13 percent in a week, closing at (...)
Egypt's investment bank CI Capital seeks to increase assets under management portfolio including investments funds and financial portfolios to 10 billion Egyptian pounds by the ends of March 2019 according to its Managing Director.
Amr Abol-Enein (...)
