Qatari investments on the way to Egypt
Negotiations between Qatar Investment and Development Authority, Egypt’s Sovereign Fund regarding stakes in Egyptian companies and renewable energy projects
Mahmoud El-Qassas
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Latest by Mahmoud El-Qassas
Sarwa expands presence in non-banking financial sector
Company achieves 9% growth in H1 of 2020 to reach EGP 6.9bn in total financing portfolio
MCDR limits board membership to 6-year term
Amendments to company’s corporate governance to be presented to General Assembly on 5 August, says Managing Director
Two companies offered on EGX in 2020 as result of promotion activities: Mohamed Farid
In his speech, Farid revealed that two private sector companies were offered on EGX in 2020. Their offering came as a result of EGX’s changing methodology in receiving companies’ listing.
Al Ahly Capital’s total investment portfolio EGP 8bn; targets adding EGP 500m in 2020
Company’s investment portfolio for healthcare to reach $300m within 3 years
Tourism, education, financial services best investments in Egypt: CI Capital Co-CEO
Group has EGP 9.2bn assets under management
We aim to bring the Premium International’s turnover to EGP 3.8bn in 5 years: chairperson
The company aims to launch two new products in 2020 and provide premium services to individuals
Egypt has to learn from other countries’ experience in solving cement crisis and it’s not export based: Suez Cement
Cost of production increased by about 11% after the fuel price hikes, says managing director
NFO of Afaq fund closes, coverage exceeds target
Mohamed Mostafa, managing director of the Arab African Investment Management, said the size of the offering will be announced on Monday.
Fawry to offer 36- 40% stake on EGX
21% for strategic investors, between 15-19% stake for IPO and private placement
Prime Holding offers to acquire 100% of Pharos Securities, investment banking, bookkeeping arms
The proposed acquisition aims to increase the market share of Prime Holding in the Egyptian market to compensate for the low transaction values in the Egyptian market, Prime Holding Vice Chairperson, Mohamed Maher, told Daily News Egypt
Maged Shawky nominated as executive chairperson, Ibrahim Karam as CEO of Beltone Financial
Sameh El-Torgoman, Bassem Azab, Sherine Helmy, Ahmed Soliman resign from Beltone
Egypt is a very important market for us, we are committed to the success of our Egyptian franchise: Renaissance Capital
Emerging markets (EM) have been confronted by several near-term challenges, resulting in valuations that were approaching crisis levels by November 2018
Egypt leads investment attraction in North Africa: Renaissance Capital
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 as a percentage of GDP, stability, and demographic distribution. Mohamed Farid, chairperson of the Egyptian Stock Exchange, opened the North Africa Investor Conference on 9-10 …
Egytrans targets EGP 40m profits in 2019
25% CAGR in revenues in three years, says Abir Leheta
Beltone waives its claim against EFSA in preparation for reconciliation
Reconciliation not mandatory for EFSA, does not cancel administrative decisions: Sources
Nahdet Misr publishing house intends to enter school administration field: CEO
90 curricula digitalised for ministry of education
Juhayna studying setting up first biogas plant in industrial sector
Egyptian industrial sector’s energy efficiency estimated at 57%: Khafagy
Beltone appeals FRA’s decision, backed by ECMA, MCDR reports
FRA accuses firm of spreading misleading news about coverage of Sarwa Capital’s private offering
OIH bids to acquire 216m shares of Sarwa Capital at EGP 7.36 per share
Deal to be self-financed, comes within Orascom’s strategy to expand in non-banking financial sector, says Mahdy
Egyptian market hungry for Islamic financing tools that can guarantee success of first experience: Samy
Sukuk accounts for 24% of total debt floated in Gulf during 2017
Sarwa Capital records EGP 27.5bn in public and private offerings
2 US institutions enter market for first time, return of Arab, foreign institutions following 2011 revolution
EFG Hermes plans to implement 18 deals in 2018: executive management
Deepening presence in current markets, taking six months before studying new markets, says Ebeid
Sarwa Capital to float 40% of its capital in October
52% Net profit cagr from 2013 to 2017, Beltone manages IPO
Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group
Aur Capital cooperate with Wadi Degla in EGP 2.35bn transaction
We aim to double the land portfolio three times in five years, says chairperson
Sarwa Capital to list on EGX by end-Q3
Partial exit, capital increase worth $150m; Beltone Financial serving as financial adviser, Matouk Bassiouny legal adviser
Beltone to lead acquisition bid for Orabank
Beltone Financial Holding announced on Saturday that its board approved in principle launching a bid to acquire a significant interest in African banking and financial holding company Orabank, which has 143 branches serving over 400,000 clients in 12 African countries, mostly in western and central Africa Orabank reported strong results in 2017 with net income …
Renaissance Capital targets range of sectors including healthcare, consumer, financial services: MENA CEO
Renaissance Capital, one of leading emerging and frontier markets investment bank, opened its office in Egypt last year. Ahmed Badr leads Renaissance Capital’s MENA business and oversees growth strategy in the region. Daily News Egypt interviewed him to review his valuable insights, as well as RenCap’s latest views on the economy, and its plans going …
B Investments IPO oversubscribed 54 times one hour before closure
Share price at EGP 10.78, with 19% expected return, Mubasher Trade says