Latest in Tag: egyptian stock exchange Highlight
Latest in Tag: egyptian stock exchange

Raya board approves offering 35m shares on EGX
30m shares of company capital to be offered in private placement for financially solvent investors

Bisco Misr approves optional delisting from EGX
Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93% stakes in Bisco Misr

Broad consultations with public companies, Arab Contractors to be listed on stock market: EGX head
We are aiming for 4.5% economic growth, 10.5% deficit and unemployment below 12% by fiscal year-end, says Mehleb

Petroleum companies listed before fiscal year-end
MOPCO has already listed in Egyptian ExchangeÂ

20 companies list on EGX in FY 2014/2015
Companies raised total of EGP 5bn

Raya Holding to discuss raising capital by EGP84.1m
Company aims to increase capital from EGP 420.5 to EGP 504.6
Arabia Investments offers Peugeot’s shares on EGX
Board of Directors strongly believes in Peugeot and company’s future

Real estate companies’ EGX listing offers cheap funds, expansion: Developers
While situation is stabilising in Egypt, real estate developers believe market has greater growth potential

Administrative Court rules favourably for Sinai companies’ EGX listing
EFSA expresses surprise at decision taken without GAFI approval
Heliopolis Company targets EGP 200m profits for FY 2015/2016
Company is studying issuing two tenders for four real estate projects

Edita’s IPO 4.5 times oversubscribed
Offer price was set at EGP 18.50 per share

Stocks traded in Q1 2015 record EGP 79.8bn
Egyptians controlled 83.96% of the value traded during the quarter, EGX report noted

Olympic Group renamed as Electrolux Egypt
Electrolux sells products in over 150 markets with total sales of EGP 99bn in 2014, says CEO

Pioneers Holding considers new acquisitions in 2015
EGX witnesses some activity in 2015 with Emaar Properties PJSC, Orascom Construction (OC) listings, acquisition of Bisco Misr by Kellog’s

Pioneers Holding boosts capital by EGP 3bn
The company plans to issue 170 million shares at EGP 17.63 per share
OCI targets financial reconstruction via 10% increase in capital in EGX: MD
Construction works for El-Hamrawein power plant to be implemented in Q1 of 2016, participation in tunnels of New Suez Canal, says Bishai

Qalaa Holding investigates raising capital to EGP 1.8bn: Sources
Qalaa Holding Company aims to increase capital to EGP1.8bn, in return for share swapping of partners stocks in subsidiaries and sister companies
Economy recovering, EGX records show: Dcode EFC Report
Egypt’s economic recovery has been demonstrated by its EGX30 records according to a Dcode Economic and Financial Consulting (Dcode EFC) report, released in this month. The report specified that measures were taken by the Egyptian Financial Supervisory authority (EFSA) and EGX that helped in providing simpler listings rules. The measures included the release of rules …

Egypt’s year in review 2014
With investor confidence growing, Egypt is looking forward to a sizeable boost to its economic performance in 2015. A peaceful conclusion to presidential elections in June, along with slowing inflationary pressures, a slew of crucial fiscal reforms and rallies on both the EGX [Egyptian Stock Exchange] and in the tourism sector, have helped pave the …

Palm Hills to issue over 8m shares on bourse to increase capital
Real estate firm aims to increase their capital from EGP 3.5bn to EGP 6bn

Mehleb and chairmen of EGX and EFSA study criticised securities tax: Government official
Securities industry representatives strongly criticised the tax, describing it as punishment for investors looking to diversify portfolios

Index funds delayed to January, secondary market for bonds awaits consensus: EGX Chairman
Over 30 EGX companies will be given less than 1% for free stock exchange to manage their position and offer more bids for free exchange

Masr El-Salam prepares for EGX listing next month
Chairman says company is “offering 20% of shares worth EGP 80m to construct first phase of the Salam Industrial Complex”
Abraaj submits 2 tender offers for EGX-listed companies
Abraaj Group announced its submission of a mandatory tender offer for Cairo Medical Center and a stake in Cairo Investment and Real Estate Development

Arabian Cement shares jump EGP 10.39 on first day of trading on EGX
CEO says IPO primarily aims to allow exit of investors, and can in the future contribute to increase the company’s capital

Domty secures 3 consulting offers to study listing in EGX: Company chairman
The company plans to float 30% of its shares in an initial public offering within two years

Current conditions unfavourable to head the stock exchange: Tourism companies
There are 11 hotel companies listed on the Egyptian Stock Exchange.

Egypt’s economy needs mutual funds: EGX chairman
Mutual funds will help boost economic growth, Omran says

Stock indices down after 25 January anniversary
Market reflects political instability, says Arabiya online Financial Analyst

Egypt’s markets see unexpected drop
Stock indices register a slump for second working day since constitutional referendum, after hitting three-year high last week