• Wednesday, 20 March 2019

    Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results

    EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service corporation’s shareholders, the company said as it announced its 2018 earnings (pdf). The group reported net profit of EGP 1...
  • Tuesday, 5 March 2019

    EFG advising on USD 500 mn M&A in Saudi, looks forward to more from kingdom

    M&A WATCH- Our friends at EFG Hermes are advising on an unspecified USD 500 mn M&A transaction in Saudi Arabia, and are expecting more business to come their way from the kingdom this year, head of investment banking Mohammed Fahmi...
  • Tuesday, 26 February 2019

    Beltone pays Egypt’s FRA EGP 16 mn to lift investment banking suspension

    Beltone suspension lifted after it pays EGP 16 mn settlement: Beltone Financial’s investment banking arm resumed operations yesterday after the company paid EGP 16 mn in a settlement with the Financial Regulatory Authority (FRA), the authority said in a statement...
  • Thursday, 21 February 2019

    Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed

    Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in...
  • Sunday, 20 January 2019

    Egypt’s NI Capital named Fastest Growing IB Advisory Firm

    NI Capital has been named International Finance Magazine’s “Fastest Growing Investment Banking Advisory Firm” for 2018, according to an emailed statement (pdf). “Our Investment Banking division has made rapid strides in the field; propelling the Government sponsored IPO Program and...
  • Monday, 24 December 2018

    Egypt’s Misr Capital Investments hires new team to lead restructuring

    Banque Misr’s investment banking arm gets new team amid restructuring plans: Misr Capital Investments, the investment banking arm of state-owned Banque Misr, has hired a team (pdf) of veteran investment bankers and financial professionals, giving them a mandate to transform...
  • Monday, 10 December 2018

    Egypt’s FRA to hear Beltone’s appeal of its suspension today

    The Financial Regulatory Authority will hear today an appeal today by Beltone Financial of a six-month suspension handed to the firm’s investment banking arm. The FRA had imposed the suspension following allegations of irregularities in the IPO of consumer- and...
  • Tuesday, 4 December 2018

    EFG Hermes has four M&A transactions, two IPOs in pipeline

    M&A WATCH- EFG Hermes has four M&A in its pipeline for execution in 1H2019 and will expand its debt capital markets activities in the new year, Co-Head of Investment Banking Mostafa Gad tells Reuters. Gad suggested that one of the...
  • Sunday, 11 November 2018

    “Few” investor complaints to FRA, says Beltone’s El Sahrawy

    “Few” investor complaints to FRA were those who “lost” on Sarwa IPO says Beltone’s El Sahrawy: Beltone Financial Investment Banking head Sobhy El Sahrawy said he was unaware how many investors complained to the Financial Regulatory Authority (FRA) about alleged...

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