• 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...
  • Sunday, 29 December 2019

    FRA extends the deadline of Titan Group to present its MTO to one month

    M&A WATCH- Market regulator grants one-month extension to Titan Group on MTO deadline for Alexandria Cement: The Financial Regulatory Authority (FRA) extended by one month the deadline for Greek cement company Titan Group to present its mandatory tender offer (MTO)...
  • Thursday, 26 December 2019

    FRA arbitration committee holds first meeting

    REGULATION WATCH- FRA arbitrator holds its first meeting: The board of the Financial Regulatory Authority’s (FRA) newly-established arbitration committee held its first meeting yesterday, the FRA said in a statement yesterday. The panel was set up by a presidential decree...
  • Sunday, 15 December 2019

    Zaki Hashem acts as legal advisor for National Investment Charity Fund for Education

    Zaki Hashem & Partners acted as the legal advisor for the EGP 450 mn National Investment Charity Fund for Education, the firm said in an emailed statement. Zaki Hashem set up the fund, obtained the license, and worked with fund...
  • Sunday, 15 December 2019

    Emerald Real Estate Investment to receive approval for IPO by the end of year

    IPO WATCH- Emerald wants regulator’s sign off on potential IPO by the end of the year: Real estate investment firm Emerald hopes to win approval within two weeks from the Financial Regulatory Authority to go ahead with its initial public...
  • Monday, 9 December 2019

    Adeptio calls on investment minister to intervene in Americana Egypt dispute

    M&A WATCH- Adeptio wants Sahar Nasr to intervene in Americana dispute: Adeptio has appealed to Investment Minister Sahar Nasr to intervene in its ongoing dispute with the Egyptian International Tourism Projects Company’s (Americana Egypt) minority shareholders, Al Mal reports. The...
  • Thursday, 5 December 2019

    FRA to ask Education Ministry for clarification on school foreign ownership cap

    FRA to ask Education Ministry for clarification on school foreign ownership cap: The Financial Regulatory Authority (FRA) is requesting clarification from the Education Ministry on its decision to place a 20% cap on foreign ownership in private and international schools,...
  • Wednesday, 4 December 2019

    Corporate sukuks to debut in coming weeks with USD 50 mn CIAF Leasing issuance bonds

    DEBT WATCH- Corporate sukuks to debut in Egypt in the coming weeks? CIAF Leasing plans to issue Egypt’s first corporate sukuk in the coming weeks, Financial Regulatory Authority official Sayed Abd El Fadeel told Reuters. The aircraft leasing company will...
  • Thursday, 28 November 2019

    Court rejects Acumen, Raya lawsuits against FRA’s Mohamed Omran

    DISPUTE WATCH- Court rejects Acumen Holding’s lawsuit against FRA boss for reputational damage: A Giza court rejected yesterday a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) Chairman Mohamed Omran for alleged reputational damage, according...

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