• Thursday, 10 November 2022

    Consumer finance player Blnk sells EGP 202 mn in securitized bonds

    BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn program, financial advisor CI Capital said in a statement (pdf) yesterday. Advisors:The National Bank of Egypt and Banque du Caire...
  • Tuesday, 11 October 2022

    CI Capital launches equity fund tracking Capped EGX 30 index

    CI Capital Asset Management has launched an equity fund tracking the EGX30 Capped index, which it says is the first of its kind in the local market, the company announced in a press release (pdf). The door for subscription to...
  • Sunday, 11 September 2022

    Industrial stocks are still divorced from earnings performance

    Industrial players are seeing somewhat varied stock performances, with most EGX-listed industrial stocks continuing on the downward trajectory that began at the outset of the year. On both a year-to-date basis and when looking at the past five months (starting...
  • Sunday, 4 September 2022

    CI Capital appoints head of corporate access and research distribution

    Amr Amin (LinkedIn) has been appointed head of corporate access and research distribution at CI Capital, according to a LinkedIn post. Amin will work with CI Capital’s research team to “facilitate even greater investor access and exposure to corporates and...
  • Sunday, 4 September 2022

    EFG Hermes dominates the brokerage league table, again

    EFG Hermes once again topped the EGX’s brokerage league table in August, with a market share of 28.2%, according to figures from the EGX (pdf). Rounding out the top five were Al Ahly Pharos (19.7%), CI Capital (6.6%), Beltone (2.9%),...
  • Sunday, 28 August 2022

    CI Capital delivers solid 1H 2022 results

    CI Capital reported EGP 1.61 bn in group revenues in 1H 2022, a 36% y-o-y increase (after normalizing for one-off adjustments), with net income after tax and minority interest almost doubling to EGP 341 mn compared to the same period...
  • Thursday, 25 August 2022

    Earnings watch: CI Capital reports 2Q 2022 results

    EARNINGS WATCH- CI Capital reported EGP 1.612 bn in group revenues in 1H 2022, a 36% y-o-y increase (after normalizing for one-off adjustments), while net operating profit rose 115% to reach EGP 567 mn, according to its earnings release (pdf). Net...
  • Tuesday, 16 August 2022

    CI Capital appoints new investment bank sell-side CEO

    CI Capital has appointed Amr Helal (LinkedIn) as sell-side CEO of its investment bank, according to a press release (pdf). With over two decades of experience in the industry, Helal will oversee the group’s investment banking, securities brokerage and equity...
  • Sunday, 31 July 2022

    Adnoc is buying 50% of filling station chain TotalEnergies Egypt

    Adnoc is entering Egypt’s fuel retail space: The distribution arm of Abu Dhabi National Oil Company (Adnoc) has agreed to acquire 50% of TotalEnergies Egypt, according to a press release (pdf) Thursday. Adnoc Distribution could pay up to USD 203...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.