Amwal Al Ghad has interviewed Moustafa Moussa – Local Partner at Bahaa-Eldin Law Office in cooperation with BonelliErede – on Tuesday, tackling key areas related to the impact of the coronavirus crisis and ways to offset its repercussions. The (...)
EFG Hermes Finance, part of Egyptian investment bank EFG Hermes, plans to complete its anticipated takeover of Tokio Marine Egypt Family Takaful within the second quarter of the year, its chief executive said on Monday.
EFG Hermes Finance seeks to (...)
EFG Hermes, a leading financial services corporation serving MENA, announced that it has merged the mortgage finance activity and factoring in one entity with total investments of 460 million Egyptian pounds ($28 million)
EFG Hermes Leasing will be (...)
Tharaa, Egypt's sovereign wealth fund, said that coronavirus pandemic has contributed in rearranging its priorities, it has put the healthcare sector among six other vital sectors at the top of the list.
In a virtual press conference attended by (...)
Egyptian legal firm Tahoun has postponed its plans to list one of local energy firms on the country's stock exchange due to the coronavirus pandemic, its founder said Tuesday.
Tahoun acts as the legal adviser of the company's IPO.
Founder and (...)
Egypt's stock Exchange (EGX) said on Wednesday the bourse trading sessions will open for normal operating hours as of Sunday 31 May.
The trading sessions of EGX and NILEX will operate from 10:00 am to 2:30 pm, instead of 1:30 pm during the holy (...)
The Egyptian cabinet decided to reduce bourse trading fees in a bid to boost the Egyptian Exchange (EGX) and make it more attractive to investors according to head of the Financial Regulatory Authority (FRA) Mohamed Omran.
The cabinet has agreed on (...)
EGX-listed Cleopatra Hospitals Group is in the final stages of merger talks with Alameda Healthcare, intending to sign the acquisition agreement at the beginning of July , according to a source with knowledge.
The covid-19 outbreak delayed talks — (...)
Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Group, plans to postpone floating 10 companies worth 15 billion Egyptian pounds into the Egyptian stock exchange, its chief executive Mohamed Reda said.
He (...)
Egypt's stock exchange (EGX) said on Thursday it will operate with the same shortened trading hours during the Islamic fasting month of Ramadan as imposed on March 24 amid the coronavirus pandemic. On March 24, the EGX has shortened its trading (...)
U.S. private equity and venture capital firm Cartel Capital plans to invest around 160 million Egyptian pounds ($8 million) in Egypt and some Gulf countries during the second quarter of 2020, its investment head said.
The investments will be through (...)
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 Asset management firm, Arab African Investment Management (AAIM) seeks to increase total of assets under management to 8 billion Egyptian pounds ($508.709 million) by the end of 2019, its managing director said.
He told Amwal Al Ghad that (...)
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 (...)
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), said that its Investment Banking Division has successfully completed first short-term bond transaction in the Egyptian market.
The issuance follows the (...)
Arab Company for Project and Urban Development, part of Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian pounds ($123,893).
The company is finalising the required procedures to issue (...)
Egypt's mortgage finance activity recently rose to 11.5 billion Egyptian pounds ($711.7 million) from 500 million pounds in 2009, chairman of Financial Regulatory Authority (FRA) said on Tuesday.
"Microfinance activity (in Egypt) increased to around (...)
Egypt's securitisation bond issuance is to reach 20 billion Egyptian pounds ($1.2 billion) at the end of this year, chairman of Financial Regulatory Authority (FRA) said on Tuesday.
The value of securitisation bonds issued so far this year in Egypt (...)
Slowing inflation will prompt Egypt's central bank to cut its key interest rates by about 3 percent during the first half of 2020, according to a chief economist at Beltone.
Alia Mamdouh said Beltone Financial's forecast is supported by the current (...)
