• Monday, 20 March 2023

    Kaf receives license to provide commercial life ins

    Kaf is now a commercial life ins. provider: Kaf Life Ins. has obtained a commercial life ins. license from the Financial Regulatory Authority (FRA), making it the first Egyptian insurer to make the switch from being a shariah-compliant takaful provider,...
  • Sunday, 22 January 2023

    GB Capital sells a 45% stake in GB Lease to Chimera Investments

    It’s official: Chimera to acquire 45% of GB Lease: GB Capital has finalized an agreement to indirectly sell 45% of its leasing business, GB Lease, to our friends at Chimera Investments for EGP 855 mn, parent company GB Auto said...
  • Sunday, 30 October 2022

    MNT agrees to sell 21.7% stake to Chimera Investments

    Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital — agreed to sell a 21.7% stake to a unit of Chimera Investments, GB Auto said in an EGX disclosure...
  • Tuesday, 27 September 2022

    EFG Hermes + GB Capital rebrand Tokio Marine Egypt Family Takaful as Kaf

    Tokio Marine Egypt Family Takaful becomes Kaf: EFG Hermes and GB Capital have rebranded life ins. company Tokio Marine Egypt Family Takaful as Kaf following their acquisition of a majority stake in 2020, according to a statement (pdf). Refresher: EFG...
  • Monday, 17 May 2021

    GB Auto net income doubles in 1Q amid higher demand

    GB Auto’s net income more than doubled to EGP 299 mn in 1Q2021 compared to EGP 138 mn in the same quarter last year, according to the company’s earnings release (pdf). Revenues rose 16% to hit EGP 6.8 bn during...
  • Wednesday, 21 April 2021

    Aldar to begin DD on Sodic “within days” -Magued Sherif

    The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority stake in the upmarket real estate developer, SODIC chief Magued Sherif said in an interview with Al Arabiya (watch, runtime:...
  • Monday, 8 February 2021

    Auto is hot right now + could rising yields put a cap on EGX performance

    The EGX30 closed today down 0.69% on turnover of EGP 2.14 bn (34.1% above the 90-day average). Foreign investors were net sellers. The index is up 6.25% YTD.In the green: CI Capital Holding (+9.4%), Orascom Investment Holding (+7.6%) and Fawry...
  • Tuesday, 17 December 2019

    EFG’s new mortgage financing arm Bedaya eyes EGP 500 mn of sales in 2020

    EFG’s new mortgage financing arm Bedaya is eyeing EGP 500 mn in sales next year, EFG Finance CEO Walid Hassouna told Hapi Journal. The new arm, which is set to launch before the year is out, is a cooperation between...
  • Thursday, 18 April 2019

    EFG, GB Capital, Talaat Moustafa Group to launch mortgage finance JV

    EFG, GB Capital, Talaat Moustafa Group to launch mortgage finance JV: EFG Hermes, GB Capital and Talaat Moustafa Group said in a statement (pdf) yesterday that they are launching a mortgage finance company with initial paid-in capital of EGP 150...

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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.