• Tuesday, 29 June 2021

    Egypt’s first corporate green bond sale to be announced tomorrow?

    Meanwhile, Egypt’s first corporate green bonds sale is getting FRA signoff tomorrow, Omran said during the press conference. While he made no mention of the issuer, the only company we know to have announced a corporate green bond issuance are...
  • Sunday, 20 June 2021

    Compass Capital makes MTO on ANFI

    Private equity firm Compass Capital has submitted a mandatory tender offer to acquire up to 100% of Alexandria National Company for Financial Investments (ANFI) for EGP 5.72 per share, according to a statement (pdf) by the Financial Regulatory Authority (FRA),...
  • Sunday, 13 June 2021

    A deadline for companies that haven’t pulled the trigger on their IPOs

    BdC is one of at least four companies that now face a year-end deadline to go public. The news comes after the Financial Regulatory Authority decided (pdf) to again extend deadlines for companies to complete their IPOs. Failing to pull...
  • Wednesday, 9 June 2021

    Ghazl El Mahalla FC could move ahead with its IPO in 2 months

    Ghazl El Mahalla’s IPO could go to market in the next two months as the club finalizes procedures with the Financial Regulatory Authority (FRA) ahead of the sale, according to Prime Securities, which is quarterbacking the transaction, Al Mal reports.The...
  • Tuesday, 1 June 2021

    Acumen v Omran wraps

    Acumen just lost its appeal in its lawsuit against the FRA’s Omran: Acumen Holding won’t be receiving compensation from Financial Regulatory Authority boss Mohamed Omran after a Giza court yesterday again rejected its lawsuit, Al Mal reports. The company was...
  • Thursday, 20 May 2021

    Thursday kudos: FRA’s Omran chairs IOSCO committee; GoDaddy gives internships to Egyptian girls; AP’s Buzbee as WaPo’s new exec editor

    Financial Regulatory Authority boss Mohamed Omran was elected as chairperson of the growth and emerging markets committee of the International Organization of Securities Commissions’ (IOSCO), according to a statement (pdf). By being elected to chair the committee, Omran has also...
  • Sunday, 9 May 2021

    IDH shares to go live this month

    Integrated Diagnostics Holding (IDH) shares are expected to begin trading on the EGX on 20 May after the Financial Regulatory Authority (FRA) gave the all-clear last week for the London-listed company’s dual listing, IDH said in a statement on Thursday....
  • Monday, 19 April 2021

    TONIGHT: Tax AI cop; Fund managers can margin trade; Tomorrow’s conference lineup; Euro betrayal

    Good afternoon everyone. And we’re quite relieved that it’s another slow news day — particularly as the nation reels from another train accident in Qalyubia that left at least 11 dead and 98 injured. With several investigations being launched, we...
  • Sunday, 11 April 2021

    Secondary bond market to be opened to retail investors

    The EGX30 rose 0.9% at today’s close on turnover of EGP 749 mn (46.1% below the 90-day average). Foreign investors were net sellers. The index is down 4.2% YTD.In the green: GB Auto (+8.6%), Fawry (+6.4%) and Export Development Bank...

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