The Qatar Investment and Development Authority is conducting advanced negotiations with the Egyptian Sovereign Fund regarding acquiring stakes in Egyptian companies focused on fintech and renewable energy.
Moreover, Daily News Egypt learned that the (...)
The ordinary general assembly of Misr for Central Clearing, Depository, and Registry (MCDR) will amend its corporate governance, prior to the chairperson elections.
The maximum term for Board of Directors membership will also be amended to six (...)
Mohamed Farid, executive chairperson of the Egyptian Exchange (EGX), opened the fifth edition of Capital Markets Summit on Tuesday.
In his speech, Farid revealed that two private sector companies were offered on EGX in 2020. Their offering came as a (...)
Foreign direct investment (FDI) is a leading contributor to real economic growth, which prompts the Egyptian economy to attract long-term investors, says Managing Director of Al Ahly Capital Holding Karim Saada.
Al Ahly Capital's investment (...)
CI Capital Holding – provider of leasing, microfinance, and investment banking services – continued its leadership of the non-banking financial sector last year, after arranging finances that exceeded EGP 9bn for financial leasing and microfinance, (...)
Premium International for Credit Services aims to reach a turnover reaching EGP 3.8bn by the end of 2024, supported by the provision of liquidity from the securitisation process, planning to launch a retail product in 2020, and contracting A50 to (...)
The deadline for subscription in the new fund offer (NFO) of Afaq securities fund, which will invest the money of private insurance, pension, and insurance companies funds, ended last Thursday. It's the second pension fund in the Egyptian (...)
Suez Cement Company imported around EGP 600m worth coal during the first half (H1) of the current year, according to José Maria Magrina, managing director at Suez Cement.
Jose Maria said Egypt's cement industry is going through its worst crisis ever (...)
Fawry, an Egyptian e-payment network, started procedures to offer a large stake of the company on the Egyptian Exchange (EGX), with EFG Hermes as manager of the offering.
Daily News Egypt was informed on Saturday that the volume of planned offering (...)
Prime Holding, a leading investment bank in Egypt, will present an acquisition proposal of 100% of Pharos Securities Brokerage, investment banking, and bookkeeping arms of Pharos Holding, the company announced on Tuesday, after its board of (...)
The Board of Directors of Beltone Financial Holding nominates Maged Shawky as the executive chairperson of the company and Ibrahim Karam as CEO, after accepting the resignation of chairperson Sameh El-Torgoman, and CEO Bassem Azzab, and the (...)
Our South African investor client base is one of the most active on the continent. Outside of South Africa, Egypt has one of the most liquid markets. Bringing Egyptian corporates to meet South African clients given the latter's interest in investing (...)
Cape Town- Daniel Salter, head of equity research at Renaissance Capital investment bank, presented the investment opportunities in Africa through several standards, including financial culture, poverty, labour costs, energy production, investment (...)
Abir Leheta, the chairperson of Egytrans, expects her company to achieve revenues worth $245m in 2019, compared to $278m in 2018, with an 11.9% decline.
The financial results of Egytrans for 2018 showed that a major progress was achieved in the (...)
Beltone Financial Holding filed a declaration to leave the dispute and waive the proceedings against the Egyptian Financial Supervisory Authority (EFSA) yesterday in the Administrative Court, which is reserved for the report of the (...)
Nahdet Misr has been diversifying its investments over the last three years, taking advantage of the technological revolution in order to spread cultural content to pump investments worth EGP 600m.
Dalia Ibrahim, CEO of Nahdet Misr Publishing House, (...)
Juhayna Food Industries is considering the establishment of the first biogas plant in the industrial sector, at the company's farm in Al-Wahat area.
The Head of the company's external relations, Passant Fouad, said that the company owns a dairy farm (...)
Orascom Investment Holding (OIH) requested approval on Wednesday from the Financial Regulatory Authority (FRA), to present a voluntary offer to buy a non-controlling stake of 216.03m or 144.02m shares minimum of Sarwa Capital, at EGP 7.36 ($0.4121) (...)
Daily News Egypt interviewed Sherif Samy, chairmanship of the Egyptian Financial Supervisory Authority, to find out more about the Sukuk financial tool, the transcript for which is below, lightly edited for clarity:
During the period of your (...)
The public offering of Sarwa Capital was oversubscribed around 30.1 times, recording a strong demand of EGP 6.5bn, equivalent to 887,409,725 shares, compared with 29,517,073 shares offered.
Brokerage CEO at Beltone Financial, Mostafa Abdel Aziz, (...)
Throughout the past three years, Egypt has been through tough but necessary economic reforms, undertaken by the authorities and supported by the International Monetary Fund (IMF).
Aiming to improve Egypt's public finances, curb the budget deficit, (...)
Sarwa Capital Holding seeks to launch 40% of its capital share in the Egyptian Stock Exchange (EGX) in early October to collect about $120m through increasing capital, in addition to the partial exit of a main shareholder, the Egyptian American (...)
The investment bank of EFG Hermes has diversified the services it offers over the past period through concentrating on financial market and offerings, in addition to adding operations of debt market, as well as geographic expansion in emerging (...)
Aur Capital has signed an agreement with Wadi Degla Real Estate Company, yesterday, whereby the shareholders of Wadi Degla acquire 70% of the new Aur Wadi Degla, while 30% will remain for Aur Capital. The transaction is done through increasing the (...)
Sarwa Capital intends to offer a share of its capital on the Egyptian Exchange (EGX) at the end of the third quarter (Q3) of this year to finance a capital increase and partial exit of some of its major shareholders, with a total value of (...)