Latest in Tag: shares Highlight
Latest in Tag: shares
No ceiling for acquiring Suez Canal investment certificates
A source close to the project stated that Dar Al-Hanadasah is the Suez Canal bid winner
Shift in Suez Canal financing comes under scrutiny
Investment certificates expected to encourage investors with higher-than-average interest rates
EFG-Hermes says shares valued at EGP 22.93– 30% higher than price offered by Beltone-Sawiris alliance
EFG-Hermes stated that the evaluation of the IFA was “fair and unbiased”
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
New investment minister announces exit from investments and posts
Ashraf Salman takes steps to avoid conflicts of interest
Ashraf Salman to exit his businesses and resigns from other posts
By Abdel Qader Ramadan Newly appointed Minister of Investment Ashraf Salman told the Daily News Egypt he is exiting businesses he owns and 18 other positions he holds after his cabinet appointment. Salman held the position of CEO of Cairo Financial Holding as well as other executive and advisory positions for several companies. Salman’s …
Final decision yet to be reached on EFG-Hermes shares purchase: EFSA chairman
Further clarification required before final decision reached on bid by Egyptian investors to buy share of Hermes
TransCentury sells Rift Valley Railways stake to Egypt’s Citadel
Reuters – Kenya’s TransCentury said on Tuesday that it has sold its 34% stake in Rift Valley Railways (RVR) to Egyptian private equity firm Citadel Capital. Citadel said it bought the shares for $37.8m, raising its stake to 85%. Uganda’s Bomi Holdings owns the rest. RVR, operator of the sole rail line linking Kenya’s Indian …
Private equity firm Actis reduces stake in Egypt’s CIB
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …
Fitch upgrade boosts Saudi shares
Saudi Arabia’s measure advanced 1.1% to its highest level since July 2008, while trading volume jumped to its highest in almost two years.
Banks suffer as European shares tumble on Ukraine tensions
Banks took the most points off the FTSEurofirst 300, with lenders exposed to Ukraine and Russia falling sharply.
Twitter set to make a splash on Wall Street
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Stock rolls downhill
EGX 30 experiences collective decline of stock market indicators as trading closes on Sunday, reaching 4915.96 points
Arab Moltaqa Investments Company witnesses growth in first quarter of 2013
AMIC announced its standalone financial results for the first quarter ending 31 March
EFSA will no longer approve GDR acquisitions
New regulations from the Egyptian Financial Supervisory Authority will not apply to OCI’s recent deal with OCI NV
Facebook hammered as earnings fuel doubts
Facebook shares have dropped more than 35% from the IPO price in May of $38