• Wednesday, 27 October 2021

    Ghazl El Mahalla FC lines up EGX’s second IPO this quarter

    Two IPOs on the EGX in as many months? State-owned sports club Ghazl El Mahalla could debut on the EGX in November, a month after fintech firm e-Finance completed the exchange’s largest IPO in six years, according to Masrawy, citing...
  • Monday, 25 October 2021

    e-Finance could list two subsidiaries following IPO -chairman

    Seems e-Finance has caught the listing bug: State-owned fintech firm e-Finance could follow up last week’s blockbuster IPO on the EGX with several fresh listings, according Al Mal, which quotes Chairman Ibrahim Sarhan as having said the company is considering...
  • Sunday, 24 October 2021

    e-Finance shares soar 50% in EGX debut, company looks to M&A, launch of e-health platform

    e-Finance shares jump 50% in EGX debut: Shares in state-owned fintech platform and payment infrastructure provider e-Finance jumped 50% in their trading debut on the EGX last Wednesday. Trading under the ticker EFIH, the company rose as much as 79%...
  • Wednesday, 20 October 2021

    THIS MORNING: e-Finance shares make their EGX debut

    Good morning, friends, and welcome to the final workday of this holiday-shortened week. We hope you’re all looking forward to a relaxing long weekend with family and friends. Make it count: Unless you’re declaring yourself an honorary ‘Murican next month...
  • Monday, 18 October 2021

    Foreign institutions lining up for e-Finance’s IPO –Sarhan

    Foreing investors had heavy appetite for shares of e-Finance, the state-owned fintech platform and payments infrastructure provider whose ongoing offering on the Egyptian Exchange is set to be the largest IPO that Egypt has seen in years. The bankers quarterbacking...
  • Thursday, 14 October 2021

    THIS MORNING: Unnamed strategic investor eyeing big chunk of e-Finance IPO? Plus: Egypt’s banks are adopting the Tax Authority’s e-invoicing system.

    Good morning, everyone, and welcome to the final workday of week 41 in this crazy year. We have an exceptionally busy issue for you this morning, so let’s jump right in: IPO WATCH- An unnamed strategic investor is after 10%...
  • Tuesday, 12 October 2021

    e-Finance ups its share offering to 26.1%

    State-owned fintech firm e-Finance raised the size of its offering to 26.1% from 16.1%, the Financial Regulatory Authority (FRA) said in a statement (pdf). The company raised the size of offering to institutional investors to 23.5% after demand amid very...
  • Monday, 11 October 2021

    Misr Life to IPO on the EGX by 2H2022

    Misr Ins. Holding (MIH) is looking to list 25% of its subsidiary Misr Life Ins. on the EGX during the second half of 2022, MIH Chairman Basel El Hini told us, confirming statements first picked up by Al Mal. El...
  • Sunday, 10 October 2021

    Retail subscription period for e-Finance’s IPO kicks off

    The subscription period for the retail offering of 1.61% of e-finance (25.78 mn shares) will begin today and run until the close of the trading session on Sunday, 17 October, according to its public subscription notice (PSN). e-Finance is expected...

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