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 (...)
Financial Regulatory Authority (FRA) has approved the listing of Rameda Pharmaceutical Company on the Egyptian Stock Exchange (EGX), according to chairman Morhamed Omran.
He added during a conference announcing the issuance of the first short-term (...)
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 (...)
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 (...)
