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money markets
E-finance public offering subscription starts Sunday
The Egyptian Stock Exchange (EGX) said that orders will be received and recorded on the shares of e-finance for financial and digital investments at a maximum price of LE 13.98 per share, from Sunday,…
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Egypt signs 1st green, Islamic credit facility contract worth $2B
Egypt, represented by the Ministry of Finance, signed Thursday the first green and Islamic credit facility contract, worth $2 billion, for a period of 3 years.
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EFG Hermes is Joint Bookrunner on ADNOC Drilling’s USD 1.1 billion IPO on the ADX
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced touday that its Investment Banking division successfully completed advisory to Abu Dhabi National…
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EFG Hermes has, once again, topped the EGX’s brokerage league table
Financial Brokerage Group has occupied first place among Egypt’s brokerage companies in the first nine months (9M) of 2021, with a substantial trading value of EGP 81.5bn, accounting for 12.1% of the…
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Abu Auf may launch 49% stake on EGX sale in 2Q2022
Healthy food brand Abu Auf’s parent company AUF plans to make its EGX debut in 2Q2022, the company said in a statement (pdf) yesterday. AUF has appointed EFG Hermes to quarterback the transaction.
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Cotton to trade on Egypt’s commodity exchange in 2022
Egypt's Minister of Public Business Sector, Hisham Tawfik, said that cotton will be traded on the commodity exchange starting from 2022.
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Egypt’s e-finance to offer 14.5% stake on stock market in Q4 2021
Egypt’s state-run digital payments infrastructure and fintech platform, e-finance announced its intention to float up to 14.5% of its shares on the Egyptian Exchange (EGX) in the fourth quarter (Q4)…
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Egypt introduces amendments to streamline listings, encourages IPOs
Egypt seems to streamline rules for large companies to list on the country’s stock exchange (EGX) as its market regulator announced on Sunday new listing amendments.
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Egyptian Bourse proposes allowing SPAC listings
The Egyptian Exchange's (EGX) Chairman, Mohamed Farid, has submitted proposed amendments to the listing regulations to the Financial Regulatory Authority (FRA) to be reviewed as per the Capital Market…
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Egypt’s financial regulator approves Eastern Co’s capital cut
The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Eastern Co.
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