• Monday, 3 February 2020

    Adeptio appeals FRA’s rejection of Americana Egypt MTO

    M&A WATCH- Adeptio appeals FRA’s rejection of Americana Egypt MTO: Adeptio has reportedly scheduled a court date in March with Cairo’s Administrative Court to appeal the Financial Regulatory Authority’s (FRA) decision to block the company’s mandatory tender offer (MTO) for...
  • Wednesday, 29 January 2020

    FRA to draft law to regulate fintech sector -Omran

    LEGISLATION WATCH- The Financial Regulatory Authority (FRA) will begin working on a draft law to regulate the fintech industry in collaboration with the European Bank for Reconstruction & Development, FRA boss Mohamed Omran said, according to Al Shorouk. The authority...
  • Wednesday, 29 January 2020

    Raya files appeal against EGP 110 mn+ fine

    DISPUTE WATCH- Raya files appeal against EGP 110 mn+ fine: Raya Holding yesterday filed an appeal against the Cairo Economic Court’s ruling against its chairman Medhat Khalil, the company announced in an EGX disclosure (pdf). In separate comments made to...
  • Wednesday, 29 January 2020

    Four Egyptian companies prepare to offer EGP 5 bn sukuk listings

    DEBT WATCH- Four Egyptian companies are gearing up to issue EGP 5 bn in sukuk on the EGX, Al Shorouk reported head of the Financial Regulatory Authority’s (FRA) insurance department Sayed Abdelfadil as saying. CIAF Leasing will offer USD 50...
  • Monday, 27 January 2020

    FRA extends Titan Group’s MTO deadline for Alexandria Cement another month

    M&A WATCH- Market regulator extends Titan Group’s MTO deadline for Alexandria Cement shares by another month: The Financial Regulatory Authority (FRA) granted Greek cement company Titan Group another one-month grace period to present its mandatory tender offer (MTO) to acquire...
  • Monday, 20 January 2020

    Pioneers Holding requests 30-day extension to MTO deadline to appoint new financial advisor

    M&A WATCH- Pioneers Holding requests 30-day extension for MTO deadline to appoint new financial advisor: Pioneers Holding has submitted a request to the Financial Regulatory Authority (FRA) for a 30-day extension to submit its mandatory tender offer (MTO) for five...
  • Wednesday, 15 January 2020

    FRA suspends Fincorp for three months over its fair value assessment of Americana for Adeptio's MTO

    Regulator suspends Fincorp for three months over fair value assessment of Americana for Adeptio MTO: The Financial Regulatory Authority (FRA) has suspended Fincorp Investment Holding from carrying out valuation studies for a period of three months, according to a statement...
  • Monday, 30 December 2019

    FRA extends the deadline of Pioneers Holding to present its MTO to ten days

    M&A WATCH- FRA grants Pioneers Holding 10-day extension for MTO: The Financial Regulatory Authority (FRA) has extended by 10 business days Pioneers Holding’s deadline to present its mandatory tender offer (MTO) to raise its share in five of its EGX-listed...
  • Monday, 30 December 2019

    FRA extends the deadline of Pioneers Holding to present its MTO to ten days

    M&A WATCH- FRA grants Pioneers Holding 10-day extension for MTO: The Financial Regulatory Authority (FRA) has extended by 10 business days Pioneers Holding’s deadline to present its mandatory tender offer (MTO) to raise its share in five of its EGX-listed...

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.