• Tuesday, 2 February 2021

    Consumer healthcare giant IDH could list in Egypt as early as this month

    IDH’s dual listing could happen this month: London-listed, Cairo-based consumer healthcare giant Integrated Diagnostics Holding (IDH) could pull the trigger on its dual listing of ordinary shares on the EGX before 1Q2021 is out — and possibly as early as...
  • Monday, 1 February 2021

    What the markets are doing on 1 February 2021

    Saudi Arabia is trying to rebrand Riyadh as the new Dubai: The kingdom has already attracted 24 multinationals to set up regional headquarters in Riyadh by flaunting Crown Prince Mohammed bin Salman’s ambitious economic reforms that aim to shift Saudi’s...
  • Sunday, 31 January 2021

    What the markets are doing on 31 January 2021

    Can you give us some? The Saudi stock exchange wants to break a record in 2021 for the most initial public offerings in any given year in its history, Khalid Abdullah Al Hussan, the exchange’s chief executive, told Bloomberg on...
  • Sunday, 31 January 2021

    Al Tayseer Healthcare Group has big plans for the future

    Al Tayseer Healthcare Group (THG) plans to have six hospitals in its portfolio as it prepares to expand ahead of a potential IPO in 2024, CEO Mohamed Gazar told the local press. This year, THG is snapping up an 80%...
  • Monday, 25 January 2021

    Sovereign Fund eyes controlling stake in e-Finance

    SFE eyeing controlling stake in e-Finance ahead of its IPO? The Sovereign Fund of Egypt is reportedly in negotiations to acquire part of the National Investment Bank’s (NIB) 69% stake in state-owned e-payments platform e-Finance, the local press reports, citing...
  • Sunday, 24 January 2021

    What the markets are doing on 24 January 2021

    It’s earnings week in the US of A with Apple, Microsoft and Tesla all set to make announcements alongside more than a fifth of the S&P 500, the Wall Street Journal notes. Boeing and McDonald’s will also announce results, “shedding...
  • Thursday, 21 January 2021

    e-Finance going to market in 1H?

    State-owned payments platform e-Finance looks to be reviving its planned IPO, tapping auditors BDO as an independent financial consultant to assess the company, according to an unconfirmed report in the local press. E-Finance had reportedly tapped Baker Tilly back in...
  • Tuesday, 19 January 2021

    Giza Spinning postpones IPO + shut up about Egyptian Iron and Steel, already

    Giza Spinning is shelving its planned IPO until at least 1Q2022 due to covid-19, but will reassess the timeline again based on market conditions, Managing Director Fadel Marzouk told Al Mal. Even if vaccine rollouts begin soon, the company has...
  • Thursday, 14 January 2021

    What the markets are doing on 14 January 2020

    The US stock market is in bubble territory: That’s the consensus among investors, according to a survey picked up by Axios that found that 92% of 904 active investors either believe the market is already in a bubble or is...

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