• Tuesday, 31 March 2020

    Prime Holdings acquires M&A advisor Paradigm Invest

    M&A WATCH- Prime Holding has acquired boutique advisor Paradigm Invest as part of its expansion into investment banking, according to Al Mal, which cites a source close to the transaction. Prime hopes the acquisition will create synergies in both companies,...
  • Sunday, 19 January 2020

    Egypt is prime MENA target for inbound M&A; EFG Hermes tops ECM league table for second year in a row

    Egypt is prime MENA target for inbound M&A; EFG Hermes tops ECM league table for second year in a row: Egypt was the second-highest target of inbound M&A in MENA last year in terms of value, but accounted for one...
  • Thursday, 9 January 2020

    What we’re tracking on 9 January 2019

    Chances of a regional conflagration occurring in the first week-and-a-half of the new decade appeared to go down overnight as both sides took a breath. US President Donald Trump yesterday delivered a relatively conciliatory statement in response to Iran’s missile...
  • Tuesday, 31 December 2019

    Egypt’s Ahly Capital to fully acquire Pharos Securities

    M&A WATCH- Ahly Capital to fully acquire Pharos Securities: National Bank of Egypt-owned Al Ahly Capital has signed a final agreement with Pharos Holding to acquire 100% of its brokerage arm, Pharos Securities, NBE said in a statement carried by...
  • Sunday, 29 December 2019

    Prime Holding removes Rafeeq Fahd El Tarzi as investment banking CEO

    MOVES- Prime Holding has removed Rafeeq Fahd Al Tarzi (LinkedIn) from his position as CEO of the investment banking division, according to a disclosure to the EGX (pdf). Al Tarzi will retain a seat on the company’s board of directors...
  • Wednesday, 13 November 2019

    Earnings watch: EFG Hermes, Suez Cement, Tourah Cement, Raya Contact Center, AT Lease

    EARNINGS WATCH- EFG Hermes’s net profit after tax and minority interest rose 34% to EGP 358 mn in 3Q2019, compared to EGP 279 mn in 3Q2018, according to the company’s earnings release (pdf). Revenues grew 25% to reach EGP 1.2...
  • Thursday, 3 October 2019

    What we’re tracking on 3 October 2019

    It’s a very meaty issue for you today as we head into a nice long weekend ahead of us: Prime Ministry Moustafa Madbouly confirmed yesterday that Sunday is off in observance of Armed Forces Day. The stock exchange will be...
  • Wednesday, 11 September 2019

    Pharos has a transaction pipeline worth EGP 15 bn

    Pharos Holdings has a transaction pipeline worth EGP 15 bn, Pharos’ Managing Director and Head of Investment Banking Noha Ghazaly told the local press. The transactions include M&As and financing transactions in the food and beverage, healthcare, chemicals, and building...
  • Monday, 2 September 2019

    EFG Hermes tops brokerage league for August

    EFG Hermes topped the EGX’s brokerage league table for August with a market share of 47.9%, according to figures released by the EGX (pdf). CI Capital came in second with a 6.7% market share, followed by Beltone Financial (5.5%), Pharos...

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.