• Wednesday, 29 December 2021

    OC shareholders nod to USD 35 mn acquisition of Sawiris-owned business

    Orascom Construction (OC) will acquire 100% of an equipment import, distribution and services business that is 100% owned by the Sawiris family. The transaction is worth a total of USD 35 mn and comes after shareholders voted in favor of...
  • Tuesday, 28 December 2021

    Macro Group scheduled to IPO before 23 January -Omran

    Cosmeceuticals giant Macro Group Pharma is scheduled to IPO before 23 January, Financial Regulatory Authority (FRA) head Mohamed Omran told CNBC Arabia yesterday. The regulator gave Macro Group the greenlight on Sunday to offer up to 45.8% of its shares...
  • Monday, 27 December 2021

    Macro Group revives IPO plans for 1Q2022

    Cosmeceuticals giant Macro Group Pharma may make its EGX debut in the first quarter of 2022, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received...
  • Sunday, 19 December 2021

    Coal fires keep on burning + Asset managers are pushing for diversity in Wall Street

    What green transition? Coal burning is set to reach an all-time high this year: Global power generation from coal is expected to jump 9% in 2021 to reach a record 10.4k terawatt-hours, the International Energy Agency (IEA) said in its...
  • Monday, 13 December 2021

    EGX sets timeline for CI Capital’s bid on Cleopatra shares

    Subscription for CI Capital’s bid for a chunk of Cleopatra Hospitals kicks off today: Cleopatra Hospital Group shareholders have until Sunday, 26 December to subscribe to CI Capital’s voluntary tender offer (VTO), which it launched last week to acquire 26.2%...
  • Sunday, 12 December 2021

    CI Capital’s Cleopatra bid gets regulatory approval

    CI Capital’s bid to acquire 26.2% of Cleopatra Hospitals Group has received the greenlight from the Financial Regulatory Authority (FRA), the regulator said in a statement (pdf) to the EGX on Thursday. MCI Capital Healthcare Partners, the CI Capital subsidiary...
  • Thursday, 9 December 2021

    CI Capital pushing into the private healthcare sector

    CI Capital is staking its claim in Egypt’s healthcare sector with a bid to acquire more than a quarter of Cleopatra Hospitals Group (CHG), the country’s second-largest healthcare company. MCI Capital Healthcare Partners, a subsidiary of the state-owned financial services...
  • Tuesday, 7 December 2021

    EGX temporarily caps daily stock price movement at 5% for two firms

    MARKET NEWS- The EGX has capped daily stock price movement at 5% for Rowad Tourism and Zahraa Maadi Investment & Development for a month starting today, according to two separate but identical statements by the companies to the bourse. The...
  • Thursday, 2 December 2021

    THIS MORNING: You may (officially) SPAC now; Omicron in the Gulf + US; Major market reversal.

    Good morning, wonderful people, and welcome to the final workday of the week. We’ve only got four Thursdays left until the end of the year, so make them count. You may (officially) SPAC now: Investors can now establish blank-check firms...

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