Helmy, Hamza & Partners, Baker McKenzie office in Egypt, announced on Wednesday that it had been mandated as legal advisor in the International Finance Corporation's (IFC) deal to provide financing for glassware manufacturer Pasabahce (...)
Egypt's stock exchange (EGX) announced on Sunday the start of the tender offer of Banque Misr for for buying a controlling stake in the share capital of CI Capital Holding for Financial Investments.
The tender offer is taking effect throughout (...)
The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling stake in CI Capital Holding For Financial Investments.
Banque Misr submitted an offer to acquire up to 652,800 shares in CI Capital (...)
Egyptian investment bank CI Capital raises its assessment for the target price (TP) of Talaat Moustafa Group Holding (TMG Holding) by 50 percent as the latter plans to build a new residential project in the Capital Gardens .
CI capital raises its (...)
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 (...)
GlaxoSmithKline will focus its efforts and resources on discussing the sale of its stake in Egypt with Hikma Pharmaceuticals, said GlaxoSmithKline Egypt (GSK Egypt) in a bourse filling on Monday.
The company added that it was not in a position to (...)
Global law firm Baker McKenzie started the new year winning four deal awards at the Islamic Finance News (IFN) Awards 2020.
The IFN Awards are the most respected Islamic finance legal accolades that recognize the best legal firms with Islamic (...)
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today the launch of a new program between its NBFI subsidiaries valU, a leading technology solutions provider, and EFG Hermes Corp-Solutions, the (...)
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 (...)
The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online (...)
The volume of finances allocated for micro-sized projects has reached 18.7 billion Egyptian pounds by the end of 2020; up 13.3 percent when compared to the earlier year, according to the Financial Regulatory Authority Chairman.
Some 3.2 million (...)
Speed Medical Co (SPMD) will be on Sunday the first company to make a jump transition from trading its shares on Egypt's small and medium-size enterprises stock exchange (NILEX) to join the Egyptian Exchange (EGX).
The EGX's registration committee (...)
Egyptian investment bank, Prime Holding aims for an initial public offering (IPO) of its fintech unit within two years, chief executive Mohamed Maher said on Tuesday.
Maher said in a press conference in Cairo that the newly-launched unit, Prime (...)
The Egyptian Exchange (EGX) declined during the month of October on the back of selling pressures by foreign investors.
The benchmark index EGX30 lost 4.31 percent in October, to finish the month at 10,515 points, while the EGX70 EWI declined by (...)
Azimut Egypt announced its first local fixed income fund was successfully oversubscribed by almost six times.
Azimut's first local investment fund in Egypt raised 295.3 million Egyptian pounds after nine working days of subscription, making the (...)
Investors can subscribe to Italy-headquartered asset manager Azimut's new Egypt-focused fixed income fund AZ-Savings as of next Sunday, 11 October, Azimut Managing Director Ahmed Aboul Saad said, according to Amwal Al Ghad.
Azimut tapped state-owned (...)
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 (...)
