Latest in Tag: IPOs Highlight
Latest in Tag: IPOs

Matouk Bassiouny appointed as legal advisor for 4 IPOs on EGX
5 upcoming acquisitions with values ranging between $70m and $150m each: Bassiouni

EGX awaits 6 new IPOs in 2022, equally divided between public, private ones
Macro Group and Ghazl El-Mahalla SC are the closest, followed by Ebtikar and Abu Auf

Egypt expected to postpone long-awaited IPOs of some public sector companies
Only e-finance and Banque du Caire to debut on EGX in 2021

After pandemic-caused market uncertainty, highly anticipated IPOs stand in queue in 2021
Taaleem to start its IPO by end-March, with Ebtikar, e-finance, and Banque du Caire following suit in 2H

Coronavirus postpones IPOs of Banque du Caire, TAQA Arabia
Sukuk, securitisation issues take the lead, especially as interest rates drop

Green municipalities, renewable energy, IPOs, PPPs to lead EBRD’s work in Egypt: Chakrabarti
EBRD to have four offices in Egypt by 2020, says bank’s president

Egypt targets 7.2% deficit, 6% GDP growth, 6.163tn total GDP in FY 2019/20
New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY

EGX to see 3 new IPOs by 2Q19 as market conditions improve: sources
Companies work to finalise their prospectuses, issue requirements

Timing key factor for IPOs to succeed: Vice Chairperson of AAIS
Through offering, Eastern Company left public enterprise sector, became more affiliated to private sector

Offering banks’ stakes will be crossroad for IPOs: financial analyst
Implementation of IPO’s first phase is positive message indicating that state is serious, says Ehab Saeed

Launching IPOs will strengthen EGX in global stock markets: CEO of Prime Securities
Opted companies to be offered are good selections as they include big indexed names

Egypt seeks to raise EGP 100bn by selling stakes in over 20 state-owned companies: Bloomberg
Ten companies will see their shares floated for first time

Starting IPOs programme reflects successful economic reform plan: SIS
EGX experienced notable improvement in its performance, which enhanced investors’ confidence

Egypt shares to move upwards as government’s IPOs programme kicks off
Foreign investor to pump fresh liquidity in blue-chip stocks in short-term, analysts say

Egypt aims to raise EGP 8-10bn from IPOs of state-run companies in FY 2018/2019
Government last week announced names of first five companies that will offer shares in 2018

New mechanisms will encourage companies to launch IPOs: EGX vice president
Parliament’s economic committee to end discussions on factoring law shortly, FRA deputy chairperson says

Performance of Egypt’s largest IPOs raises questions as government mulls ambitious listings plan
Programme is expected to lure in fresh inflows, boost market’s turnover

Public sector minister to share vision on state-owned firms IPOs before parliament
Differences between committee members on whether governmental deregulation in or out, says MP

Beltone to manage two IPOs in consumer, industrial sectors this year
Reducing government contributions to public companies listed on EGX will push it strongly

Middle East IPOs stand at $2.1bn in 2017: Baker McKenzie report
Global IPO volume hit 10-year high last year, driven by financial sector

FEP Capital Chief suggests NILEX become stand-alone company to spur IPOs
Omar Maghawry, CEO and managing partner of FEP Capital, has proposed splitting Nile Stock Exchange (NILEX) from the Egyptian Exchange (EGX) as a stand-alone company to spur greater initial public offerings IPOs and achieve better results. Maghawry, who was speaking on the sideline of the 21st Annual General Meeting and Flagship Conference of the African …

High interest rates are favourable for awaited state-run companies IPOs- report
Expensive borrowing costs make listing attractive for companies as they search new avenues for their financing requirements

Poland’s Play to float in Europe’s largest telecoms IPO
Poland’s second-largest mobile operator Play is mulling an IPO that could exceed 3.5 billion euros. It would be Europe’s biggest telcom flotation since 2012 and a show of confidence in the Warsaw bourse.The Warsaw-based company – which serves about 14 million customers and is Poland’s fastest growing telecom operater – is reviewing options to generate …

EGX to communicate with the government to activate IPO programme
Positive indicators of EGX increases chances of new IPOs success, says EGX chairperson

Flotation removes Egyptian IPOs from consideration by some foreign institutions
Floating the Egyptian pound lowered the value of IPOs abroad

Oil company IPOs to be held in Egyptian, international stock exchanges: El Molla
The Ministry of Petroleum and Mineral Resources introduced a list including eight petroleum and petrochemical companies to the Ministry of Investment and ICapital—a National Investment Bank company and coordinator of the IPOs programme—to be in charge of offering part of their shares or increasing their capitals through the Egyptian Exchange (EGX). Minister of Petroleum Tarek …

CFH manages 3 IPOs in education, health sectors worth over EGP 750m
The IPOs are designated for the capital increase of a school, university, and hospital

Bankruptcy law to provide legal alternatives for debt restructure of defaulting companies, to be submitted to cabinet soon: Investment Minister
Business communities decide on future of investment law amendments; the ministry is ready with new law

Execution of EFG Hermes’s plan for expansion set to begin with the sale of Credit Libanais
EFG’s growth strategy for capturing market share domestically and abroad set for completion by 2017

Does Domty’s IPO attract new investment institutions to raise trading volumes in the Egyptian Stock Exchange?
A number of questions were raised by the capital market about how Domty’s IPO will attract new institutional investors and increase the low trading volume, which reached an average of EGP 400m in one session.