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money markets
Egypt is restructuring several military-owned firms to list them on EGX, PM
The Egyptian government aims to float several companies on the Egyptian Stock Exchange during the next year, including companies affiliated to the Armed Forces that operate in the civilian economic…
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New insurance law will be issued at beginning of 2nd half of 2022
Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA), said that the new social insurance law will come into effect by the second half of 2022.
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Financial Regulator approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn
The Financial Regulatory Authority (FRA) has approved the listing of three companies on the Egyptian Exchange (EGX), according to FRA Chairperson Mohamed Omran.
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Egypt Post, EGX discuss opportunities for joint cooperation
Sherif Farouk, Chairperson of Egypt Post, received Mohamed Farid, Chairperson of the Egyptian Exchange (EGX), to discuss opportunities for joint cooperation.
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Egypt to join JPMorgan’s Emerging Markets Bond Index
Egypt is expected to secure a spot on JP Morgan’s emerging-market government bonds index by the end of next January, to become one of only two countries in the Middle East and Africa to join this…
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Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn
Abu Qir Fertilizers completed the sale of 10% of its shares for EGP 2.25 bn (c. USD 143 mn), according to a statement published on the bourse
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FRA agrees to criminalize recommendations on listed securities on social media
The Financial Regulatory Authority approved a legislative proposal to prohibit and criminalize recommendations on listed securities on the Egyptian Exchange on social media, in order to prevent…
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Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn
Palm Hills Developments (PHD) has completed its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with Sarwa Capital, a subsidiary of …
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Egypt’s FRA approves amendment of Capital market law regarding bonds, sukuk
The Financial Regulatory Authority (FRA) approved Tuesday a draft amendment to some provisions of the articles regulating bonds, securitization bonds and sukuk in the executive regulations of the…
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GB Lease plans for new securitized bond issuance
GB Auto’s financial leasing arm, GB Lease, is planning to take a multi-tranche EGP 1.6 bn securitized bond issuance to market in December, Al Shorouk reports, citing unnamed sources.
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