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money markets
Egypt’s Cabinet approves two state companies IPOs
The Egyptian Cabinet has agreed to prepare both Wataniya Petroleum Company and the National Company for Producing and Bottling Water (Safi), the subsidiaries of the National Service Projects…
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IPO of Ghazl El-Mahalla Football Club extended to August 14
The Financial Regulatory Authority (FRA) approved to extend the period of the initial public offering (IPO) Ghazl El-Mahalla Football Company to increase its issued capital to next August 14 instead…
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Egyt’s Misr Life Insurance is on track for IPO by June-end
Egypt is aiming at offering shares of 25 percent of the state-owned Misr Life Insurance in an initial public offering (IPO) by end of this June, an official told the local press
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Ghazl El Mahalla’s public offering begins next Sunday
The public offering of Ghazl El Mahalla FC on the Egyptian Bourse will begin on Sunday, 12 June and last until Friday, 1 July, according to a press release.
The club has set its share price at EGP…
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FRA wants to see the EGX’s market cap more than double by 2026
The Financial Regulatory Authority (FRA) wants to see the EGX’s market cap more than double to EGP 1.6 tn by 2026, according to its newly published four-year strategy
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Egypt on track to issue Chinese Yuan-dominated bonds; Maait
The Egyptian government government is considering the issuance of Yuan-dominated bonds for the Chinese market, which is the second largest bond market globally, according to Minister of Finance…
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Egypt’s plans to offer companies on EGX are back, to start in September, Minister
Egypt will start offering shares in state companies on the country’s stock exchange starting from September, Public Enterprise Minister Hisham Tawfik told Reuters on Saturday.
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Asian, European markets follow Wall St suit as pound falls further
Asian and European equities tumbled Friday following a rout on Wall Street fuelled by worries over rising interest rates and surging inflation, while the pound extended losses the day after taking a…
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Egyptian Bourse ends Tuesday’s session on varied note
The Egyptian Exchange (EGX) ended Tuesday’s trading session on a mixed note with the benchmark EGX30 index rising by 1.27% to 10,682.08 points.
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ADQ acquires stake in CIB with a value of $911.457m
ADQ Holding — one of Abu Dhabi’s sovereign funds — acquired a stake in Egypt’s Commercial International Bank (CIB) worth $911.457m as part of a move aiming to acquire stakes in five companies listed…
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