What should the money market expect from FRA’s new chairperson?
Government pays great attention to non-banking financial sector: Madbouly
Fatma Salah
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Latest by Fatma Salah
Mohamed Farid appointed as interim chairperson of FRA
Ahmed Abdel Rahman named acting chief of EGX
Mohamed Omran’s tenure as chief of FRA concludes after two consecutive terms
Sources told DNE that there is a possibility that Omran’s term would be renewed, especially that the decision has not been issued yet.
Chimera acquires about 56% of Beltone for EGP 385m
Orascom Financial shareholders subscribe to Chimera’s MTO
Orascom Construction adds $1.8bn contracts to its 2Q 2022 project backlog
The company explained that this brings the total value of new contracts in the first half (1H) of fiscal year 2022 to $2.4bn, an increase of 55% compared to last year.
NUCA awaits green light to issue largest securitisation bond programme in Egypt, worth EGP 20bn
Mohamed Omran, Chairperson of the FRA, said that since 2018, with the launch of the first phase of its comprehensive strategy for non-banking financial activities (2018-2022), the authority has sought to activate and develop debt instruments represented in corporate bonds and securitization bonds for futures in addition to sukuk, given its vital role in deepening the Egyptian capital market and creating an added value for the national economy.
CIBC tightens its grip on brokerage ranking leadership during July
Prime Securities aims to obtain bond trading licence: Elmaraghy
FRA receives requests to establish agricultural, climate change investment funds
Authority suggests amendment to regulation to provide sustainability, green bonds: Omran
CIRA to pump investments worth EGP 800m before end of 2022
The first phase of the University of Technology to be inaugurated in September 2023: Investment Manager
GlobalCorp considers EGP 1.5bn securitization issuance by 2022-end
Company plans to activate real estate financing activity in 4Q 2022: Samir
Misr Finance aims to increase its portfolio to EGP 2.5bn within 3-5 years
Company will start operation in early August: El-Sakka
FRA approves first future flow securitisation programme of EGP 2bn over 3 years
CIRA plans to issue EGP 2bn worth of securities backed by future tuition revenues over the course of three years. The first issuance of the programme will see the company sell EGP 800m worth of bonds to financial institutions and other institutional investors.
Tamweely obtains first licence for green microfinance
Tamweely allies with Ezdaher to offer new green financing products: Khorshid
Orascom Financial agrees to sell its entire 56% stake in Beltone to Abu Dhabi-based Chimera
Stake sale to be implemented next week: sources
FRA aims to increase financing for non-banking financial activities to EGP 820bn by 2026
The FRA amended the second phase of its draft strategy (2026-2022) to include only five main axes: enhancing the use of financial technology and accelerating digital transformation, achieving financial inclusion and deepening levels of sustainability, managing risks and building an effective early warning system, developing the legislative structure, and enhancing financial culture and capacity building.
The capital market’s reactions to the public offering of Safi, Wataniya
Attractive pricing is an important factor to ensure the success of the offerings: ECMA
EGX to open OPR screens for Chimera Capital’s acquisition of Beltone
The validity period of the offer extends for 10 working days, starting from 21 July trading session until the end of the 3 August trading session, provided that implementation will take place on the Egyptian Exchange within five working days after the offer period expires.
ODE records EGP 4.7 billion of net real estate sales in 1H 2022
Despite various macro and geopolitical challenges around the globe, ODE’s operations continued to progress in 2Q 2022, boasting a robust quarter with strong demand in O West, complemented by solid sales momentum in El-Gouna.
Haleon set to go public on New York Stock Exchange next Wednesday
This follows the announcement of its separation from parent company GlaxoSythmicline to become an independent company.
Orascom Development plans to open O West Club in 3Q 2023: CEO El-Hamamsy
Company launches The Nines project in El Gouna with real estate inventory of $60m
Total investments of private insurance funds in Egypt reach EGP 102bn: FRA
The new model will help to better understand and manage the risks these funds face, enabling those in charge of managing private insurance funds to take the necessary effective corrective and preventive measures, limiting the negative effects of the various risks they are exposed to.
Banque du Caire postpones listing of its shares on Egyptian Exchange
The sources told Daily News Egypt that Banque du Caire had completed some procedures for the restructuring process before the offering, including the acquisition of its entire shares by Banque Misr in a deal worth EGP 7bn in cooperation with the offering manager — EFG Hermes.
ADES in process of choosing manager to list itself on Saudi Exchange
Offering percentage to be immediately determined upon selecting financial adviser: Sources
Hermes aims to complete 5 offerings on Gulf stock markets during 2022
Securitization of future rights to “Sera” to be completed within two months
Raya Electronics aims to invest EGP 200m in 2H 2022
Company eyes business of EGP 9bn this year
EGX in a chronic crisis… Is it time to intervene?
The current timing is suitable for buying government institutions on the stock exchange
Egyptian-Gulf consortium awaits FRA approval to acquire Domty
Sources reveal that Al-Damaty family will retain a minority stake after the deal’s completion
Qalaa Holdings achieves EGP 18.7bn in consolidated revenues in 1Q
The increase in revenues was supported by an increase in the petroleum, marketing, and distribution sectors, along with the increase in electricity distribution rates at Taqa Power, the expansion of the network of compressed natural gas stations, as well as the growth in its distribution rates.
Ebtikar for Investment Finance postpones IPO due to market conditions
Vodafone Egypt to acquire an additional 10% of Bee and Masary
B Healthcare acquires 51% of Egypt’s IVF Centre at a cost of EGP 110m
B Investment Holding established B Healthcare with a licensed capital of EGP 1bn to invest in promising Egyptian companies in the field of specialised healthcare.