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Finbi to complete fair value of Port Said and Damietta Containers within two months
The company has finished evaluating Stella Hotel
Fatma Salah Published in Daily News Egypt on 24 - 12 - 2022

Finbi financial advisory is working on a fair value and feasibility study for a package of major deals in the Egyptian capital market, including the evaluation of the Damietta and Port Said container companies in preparation for offering them in the capital market.
Rasha Tantawy — Managing Director of the company — revealed in a statement to Daily News Egypt that the company is a fair value adviser for a number of transactions in the money market and is currently evaluating the Damietta and Port Said container companies, which should take about two months to complete.
Tantawy added that the company is also working on setting the fair value of Valentine — which is owned by Maridive Holding — pointing out that it is in the final stages of the process.
Maridive — which is listed on the Egyptian Exchange (EGX) — received an acquisition offer from Ancla for marine ship management to buy 100% of its subsidiary, Valentine for marine works, last October.
She also pointed out that Finbi has already completed the evaluation of the Stella Sharm El-Sheikh Hotel, which is affiliated with Remco Tourist Villages and is listed on the EGX, pointing out that the evaluation is awaiting final approval and that is noting that is for the purpose of selling.
At the end of last October, Remco received an offer to buy its Stella Sharm El-Sheikh at a total value of approximately EGP 700m from the National Company for Hotels and Tourist Services (TOLIP).
She explained that the company recently entered into a partnership with Sigman — the business sector's accredited consultant — to work on a number of projects related to the financial restructuring of business sector companies, including the Nagaa Hammadi Complex, the Sugar Company, in addition to evaluating Qaha and Edvina.
Tantawy added that the company is also working with Elsewedy Electric to evaluate six of its subsidiaries, and is conducting a feasibility study for the Arab Digital Academy for Investment project with the aim of finding a way for the platform to invest in the education sector in Egypt.

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