• Thursday, 22 October 2020

    Odin to list subsidiary on Nilex by early 2021

    IPO WATCH- Odin subsidiary Emerald for Project Management to make Nilex debut next year: Odin Investments plans to IPO subsidiary Emerald for Project Management & Development on the small-cap Nilex at the end of 2020 or beginning of 2021, CEO...
  • Thursday, 22 October 2020

    InterCairo Aluminium is dusting off its plans to list 30% of its shares on Egypt’s bourse

    IPO WATCH- InterCairo Aluminium Industry is dusting off its plans to list 30% of its shares on the EGX, which it had shelved back in 2016 amid market instability, Chairman Khaled Abdallah tells Al Mal in a story carried only...
  • Monday, 5 October 2020

    Egypt’s SMEs to get 50% discount on Nilex evaluation fees to help them go public

    REGULATION WATCH- SMEs looking to IPO on the Nilex are getting a 50% break on evaluation fees charged by the Financial Regulatory Authority (FRA), the regulator said in a statement. The reduction would also apply to fees levied to qualifying...
  • Sunday, 4 October 2020

    What we’re tracking on 4 October 2020

    Good morning, friends, and welcome to the first full workweek of October. It’s going to be a short one, as we’re all off on Thursday in observance of Armed Forces Day, the government confirmed — sensibly not giving in to...
  • Sunday, 27 September 2020

    What we’re tracking on 27 September 2020

    Good morning, friends, and welcome to the final week of the third quarter. As much as we’re looking forward to the end of 2020, we’re also cognizant that we’re probably looking at the better part of a year before things...
  • Thursday, 24 September 2020

    Egypt has healthy M&A and IPO pipelines that could materialize once markets stabilize post-covid

    Egypt has healthy M&A and IPO pipelines that could materialize once markets stabilize post-covid, Renaissance Capital said yesterday. The main source of planned IPOs is the state privatization program, which includes two dozen candidates that are slated either for IPOs...
  • Wednesday, 23 September 2020

    Raya mulls listing Aman on EGX in 2021

    IPO WATCH- Raya mulls listing Aman on EGX in 2021: Raya Holding could debut its non-banking financial service business outfit Aman Holding on the EGX in 2021, Raya’s CFO Hossam Hussein told Al Mal, without disclosed the size of the...
  • Tuesday, 22 September 2020

    Enterprise Explains: SPACs

    “2020 is the year of the SPAC,” MarketWatch declared last week — and they’re not wrong. The unusual financial vehicle has broken records in 2020, with 82 of the 223 SPACs launched since 2015 coming this year. The awkward-sounding acronym...
  • Tuesday, 22 September 2020

    Ebtikar taps EFG to quarterback EGX debut

    IPO WATCH- Ebtikar taps EFG to quarterback EGX debut: Ebtikar — MM Group's non-banking financial services subsidiary — has hired EFG Hermes to advise on a potential IPO for Ebtikar or its e-payment subsidiaries, according to an EGX filing (pdf)....

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.