• Sunday, 22 March 2020

    Egypt postpones state privatization program, new program to be announced in two months

    PRIVATIZATION WATCH- The state privatization program is officially being put on ice as the covid-19 outbreak wreaks havoc on global equity markets, Public Enterprises Minister Hisham Tawfik told Ahram Online. The government will announce in two months the new plan...
  • Wednesday, 4 March 2020

    What we’re tracking on 4 March 2020

    It was a return to normalcy on the EGX yesterday following Sunday’s tumultuous trading session and Monday’s half-hearted rebound. The same could not be said for the markets across the Atlantic though (more on this below). But first, your daily...
  • Tuesday, 3 March 2020

    What we’re tracking on 3 March 2020

    Global markets including the EGX held their ground yesterday after the worst week of losses since the global financial crisis. Hammering on a big block of wood as we note this, today is looking reasonable, too: Markets in Hong Kong,...
  • Sunday, 1 March 2020

    E-Finance IPO postponed to 4Q2020

    E-Finance IPO postponed to 4Q2020: The government has postponed the IPO of e-payments firm E-Finance to the final quarter of 2020, citing delays valuing the company, government sources told the local press. The fair value report was originally expected to...
  • Sunday, 1 March 2020

    EFG Hermes, JPMorgan, Citi, Goldman compete to advise on Arab Refining IPO

    IPO WATCH- EFG Hermes, JPMorgan, Citi, Goldman compete to advise on Arab Refining Co. IPO: Bulge bracket fixtures JPMorgan, Citigroup and Goldman Sachs are among those competing to advise Qalaa Holdings’ Arab Refining Company (ARC) on its initial public offering,...
  • Thursday, 27 February 2020

    El Nasr Mining Company to offer 22% of its shares on the EGX

    PRIVATIZATION WATCH- El Nasr Mining Company to offer 22% of its shares in IPO: The Holding Company for Metallurgical Industries’ general assembly has approved offering 21.97% of its subsidiary El Nasr Mining Company in an IPO on the EGX as...
  • Tuesday, 25 February 2020

    Emerald shares to begin trading on Egypt’s bourse on Wednesday

    IPO WATCH- Real estate player Emerald’s shares will officially begin trading on the EGX tomorrow, according to a regulatory filing. The retail component of the IPO was 17.7x oversubscribed, while the institutional component was 1.3x oversubscribed.
  • Monday, 24 February 2020

    Retail component of Emerald Real Estate Investment IPO 17.7x oversubscribed

    IPO WATCH- Emerald’s IPO retail component 17.7x oversubscribed: Retail investors have put in orders for 61.9 mn shares for Emerald Real Estate’s public offering on the final day of subscription yesterday, leaving the retail component 17.7x oversubscribed, reports Al Mal....
  • Thursday, 20 February 2020

    Orthomedics Egypt is eyeing an EGX listing by 2022

    IPO WATCH- Orthomedics Egypt eyes EGX listing by 2022: Prosthetics company Orthomedics Egypt is looking to offer 49% of its shares in an IPO on the EGX in 2022, Chairman Khaled El Deeb said at a presser yesterday, according to...

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.