
EFG Hermes completes advisory on Ali Alghanim and Sons Automotive’s $323m private placement
EFG Hermes completes advisory on Ali Alghanim and Sons Automotive’s $323m private placement
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EFG Hermes completes advisory on Ali Alghanim and Sons Automotive’s $323m private placement
EGP 80m company’s investments in technological infrastructure
Last April, the Board of Directors approved the binding offer from the Arabian Company to acquire the entire 44.7% stake of B Investments Holding through an indirect stake in Giza Systems.
They pointed out that Beltone’s board of directors is scheduled to hold a meeting to discuss the offer and appoint a legal advisor.
Dreny & Partners acted as the legal advisor for the transaction, EFG Hermes investment banking unit acted as the issuance lead arranger and financial advisor.
Borouge, one of the world’s leading providers of advanced polyolefin solutions, listed 3.0 billion shares today — 10% of its share capital — at a share price of AED 2.45, indicating a market capitalization of AED AED 73.6 billion (USD 20 billion).
Competitionsupports FRA’s efforts to localize sustainable development, green finance, and women empowerment in non-banking financial sector: Omran
Cooperation aims to increase volume of issuances, especially dollar-denominated ones: El-Sawy
The deal required approving the printing contract with the United Tobacco Company and approving the main agreement to regulate relations between the United Tobacco Company and the Eastern Company.
Misr Capital, the investment banking arm of Banque Misr, and Al Ahly Pharos acted as lead arrangers, financial advisor, bookrunner and underwriter.
Tanmeyah customers will be able to pay all their payments and instalments throughout the week without being restricted to the appointments of the branches through Fawry’s various channels, such as Fawry’s 268,000 machines, which are spread out across all governorates of Egypt as well as 161 branches of Fawry Plus and the myfawry app.
A prospective issuance to securitise future rights worth EGP 2bn in the works
The company’s total revenues also jumped during the first three months of this year by 36% to record EGP 763m, compared to 1Q 2021’s EGP 559.6m, while non-banking financial activities contributed about 82% of the revenues.
The sources added that Tharwa Securitization, the issuance manager, is studying with the Financial Regulatory Authority, the required procedures, including the credit rating.
Upcoming partnership with international investors to develop Zafarana energy station, says Badr
Electric car factory to be launched with business sector within two years: Abdelaziz
EGP 370bn in non-bank financing provided by affiliated agencies
The company also witnessed an annual growth rate of 47% in total new financing to record more than EGP 2.5bn that is supported by the launch of new products and an increase in the company’s presence through branches and platforms.
Group net profits after tax and minority interest also grew by 18% Y-o-Y to EGP 345m, driven by solid performance across the group’s lines of business.
He said that economic sectors can be divided into three colours, on top of which is the green group, from which the government will exit, and its assets in this sector will be offered for privatization.
Daily News Egypt surveyed opinions of research centres about impact of government decisions on different sectors, especially industry
valU aims to increase access to modern-day products made by both state-owned companies
Arab Organization for Industrialization’s (AOI) exports amounted to about 40% of the total production, while military exports represented about 10% of the total exports during 2021.
There is plan to invest about $60m in 2022: Barsoum
New contracts in sectors office, light industries, data centres: Executive Director
The global interest rate hike caused a shock in the financial markets
Orascom Development Egypt (ODE) started the year on solid grounds with strong operational and financial results despite the headwinds from the Russian-Ukrainian conflict and the economic backdrop in Egypt, especially after the Central Bank of Egypt’s (CBE) decision to devalue the EGP against foreign currencies. The strong growth during the first quarter (1Q) of the …
The new logistics incubator is considered a unique investment in Egypt’s logistics industry and an enabler that brings small businesses, local start-ups, and ambitious entrepreneurs together with key industry leaders to deliver top-notch innovative logistical solutions to the local market.
Producers will benefit most from direct access to European markets: Hermes
Volume of group’s business in Egypt amounted to $125m: Bakheet