Bonyan plans to invest EGP 1.5bn to purchase new administrative buildings
Bonyan will be put up on the EGX after it builds a diversified real estate portfolio: Managing Partner
Fatma Salah
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Latest by Fatma Salah
Rx Healthcare aims to implement deals worth more than EGP 1bn
The platform is currently at advanced stages of negotiation and execution with potential aggregate deal values exceeding EGP 1bn, supporting EFG Hermes’s strategy of expanding its investments in the pharmaceuticals sector.
FRA to offer green bonds worth $400m for an international institution
Omran told DNE that the offering — which will take place before the end of the first half (1H) of 2022 — will be distributed between Egypt and Luxembourg, refusing to disclose the name of the institution.
Deep-Tech fund’s first closure expected to reach EGP 150m: Sequence Ventures
Fahmy told Daily News Egypt that the pledges will be collected from Insurance Holding, Misr Life Insurance, Misr Insurance, Export Development Bank, and Attijariwafa Bank, as well as two family offices, and an international financing authority.
Wadi Degla seeks to launch financing sukuk programme worth EGP 1.2bn in 2Q
Wadi Degla seeks to launch financing sukuk programme worth EGP 1.2bn in 2Q
EEP to acquire campus in Sheikh Zayed
The sources added that the new campus will host a new branch of the EEP’s recently acquired Hayah International Academy, under the name ‘Hayah West’ and will mark Hayah’s first expansion in west Cairo. The new school will house more than 1,700 students.
Palm Hills aims to invest EGP 4.5bn into construction works during 2022
Mansour added that the company plans to issue a securitisation bond programme worth EGP 2bn in cooperation with Sarwa Capital.
Vantage Capital grants Compass $10m in financing to expand Bonyan’s capacity
The acquisition is being made by Compass Capital’s existing real estate company, Bonyan for Development and Trade, which owns and operates the Walk of Cairo — an outdoor retail boulevard in west Cairo.
CI Capital’s net profit records 44% growth in 2021
These figures came in a report CI Capital released on Wednesday detailing its consolidated results for FY2021.
Palm Hills Development issues financing sukuk programme worth EGP 3.2bn
Sarwa Promotion and Underwriting signed an agreement with Banque Misr and Misr Capital — the investment arm of Banque Misr — to play the role of promoter, underwriter, and payment agent for the upcoming issuance of sukuk by PHD.
Asset managers expect boom in investment funds sector: Survey
Inflation is the most prominent concern during 2022
Orascom Construction has $6.1bn-worth of projects underway
The company recorded an increase in the value of its revenues by 5.1% to record $3.542bn during FY2021.
Egypt’s Al-Sisi amends Capital Market Law
This will be of great help to the funding issue. It is important to note that these projects have become a requirement of daily life, which means that citizens’ demand for them will not wane.
EGX main winner of US dollar appreciation
Research from Prime Securities said that banks are on top of the list of stocks to benefit from higher interest rates and treasury yields given the robust loan portfolio growth driven by USD-denominated loans.
Catalyst Partners to launch investment fund with target capital of EGP 1bn
The fund will invest in closed-end companies categorised as small- and medium-sized enterprises (SMEs) according to the Central Bank of Egypt’s (CBE) guidelines in this regard.
MOPCO to increase urea production to 70,000 tonnes annually
Al-Ahly Pharos sets fair value of MOPCO share at EGP 126.75
Capiter prepares for $75m financing round
Company aims to increase its turnover by about 3 times in 2022: Co-Founder
Abu Qir Fertilisers studying establishment of a hydrogen production project with Total
The company’s profits doubled during the first half (1H) of the current fiscal year (FY), reaching EGP 3.2bn compared to a net profit of EGP 1.5bn during the same period of the previous FY.
FRA, UN discuss sustainable development, women’s empowerment in Egypt
FRA is keen to integrate green finance into policies of those involved in non-banking financial activities: Chairperson Omran
Contact Factoring aims to increase portfolio to EGP 1bn in 2022
Contact signs EGP 100m financing programme with Capiter
Palm Hills earns EGP 824.3m last year
Company reports real estate sales worth EGP 17.3bn in 2021
TMG reports 8% profit growth to EGP 1.78bn in 2021
The total revenues achieved by the group last year amounted to about EGP 15.35bn, compared to EGP 14.1bn in 2020, recording a 9% growth rate.
Palm Hills to introduce EGP 3.2bn sukuk programme within 2 weeks
Informed sources revealed that Palm Hills Development is preparing to launch a financing sukuk programme of EGP 3.2bn within two weeks, pointing out that the Financial Regulatory Authority (FRA) is studying the file now and the necessary approvals are being obtained to launch the issuance.
Eastern Company to move to 6th October industrial complex within 2 years
Price hike of cigarettes is due to high cost of shipping: Aman
Financial Brokerage Group leads market ranking with EGP 6bn transactions in February
Mubasher seeks to increase its market share in coming period: Al-Debawy
Real estate sales of Talaat Moustafa Group jump to EGP 32.4bn in 2021
TMG’s Noor City project’s sales reached a record EGP 15bn within three weeks and EGP 18.5bn by the end of the year.
GB Capital appoints Arqaam to study options to maximise return on its investments
Negotiations ongoing to establish tire factory, company considers raising production capacity of motorcycle plant to 360k units
Contact Financial Holding records funding portfolio of EGP 10.3bn
At the financing division, increased physical and digital distribution capabilities coupled with an expanded product offering saw total new financing extended in 2021 reach a record high of EGP 7.1bn, up by 53% from last year’s figure.
Financial, commodity markets under pressure due to Russia-Ukraine war
EGX loses about EGP 24.4bn in last Thursday’s trading session
Hermes gives FAB green light to start due diligence
The company chose Goldman and Sachs and White & Case as its financial and legal advisers, respectively