• Sunday, 10 January 2021

    The Arab Investment Bank sale update + Hindawi sells for USD 298 mn

    EFG Hermes and the Sovereign Fund of Egypt (SFE) will wrap up their acquisition of the Arab Investment Bank (AIB) a month later than planned. Masrawy reports that their acquisition of a 76% stake in the state-owned bank will likely...
  • Sunday, 3 January 2021

    Securitized bonds galore

    CI Capital’s Corplease has closed a EGP 2.7 bn securitized bond issuance, the largest of its kind by a private sector company, investment bank Misr Capital said in a statement (pdf) over the weekend. The four-tranche sale was backed by...
  • Tuesday, 24 November 2020

    NI Capital plans new fixed-income fund, expanded microfinance portfolio

    NI Capital is planning to launch a fixed-income investment fund, CEO Mohamed Metwaly said, according to Al Mal. NI’s parent company, the National Investment Bank (NIB), could contribute to the fund, Metwally said without providing further details. The launch would...
  • Thursday, 13 August 2020

    Moves: Court of Cassation, TPay Mobile, Prime Holding

    MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the Court of Cassation, the nation’s highest appeals court, according to an Ittihadiya statement. Shoda (bio) served as the court’s vice...
  • Sunday, 17 May 2020

    National Investment Bank shelves plans to privatize portfolio companies

    National Investment Bank shelves plans to privatize portfolio companies: The National Investment Bank (NIB) has postponed plans to market seven of its portfolio companies to investors due to the covid-19 crisis, Masrawy reports, quoting an unnamed source from the state-owned...
  • Monday, 4 May 2020

    CI Capital appoints Hesham Gohar as CEO for investment banking

    MOVES- CI Capital has tapped Hesham Gohar (LinkedIn) as CEO of its investment banking arm (covering IB, capital markets and brokerage) according to a company statement (pdf). Gohar has been with CI Capital since 2012. The group has also named...
  • Wednesday, 29 April 2020

    Beltone Financial to finalize Auerbach Grayson sale in 3 months

    M&A WATCH- Beltone to complete sale of Auerbach Grayson in three months: Beltone Financial Holding is expecting to wrap up the sale of its 60% stake in New York-based brokerage Auerbach Grayson in the next three months, provided the “current...
  • Wednesday, 29 April 2020

    What we’re tracking on 29 April 2020

    A (potential) ray of sunshine? Okay, so what we’re about to say is heavily caveated — we’re not epidemiologists any more than your average VC bro who figures his understanding of “virality” means he can comment on virology. Moreover: These...
  • Sunday, 26 April 2020

    Beltone Financial sells US-based brokerage Auerbach Grayson

    M&A WATCH- Beltone Financial sells US subsidiary Auerbach Grayson: Beltone Financial Holding has completed the sale of its 60% stake in New York-based brokerage Auerbach Grayson to an unnamed group of investors, the company said in a statement (pdf) on...

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