• Wednesday, 19 February 2020

    Fawry transfers 64% of its main shareholder stake to indirect shareholders

    Fawry transfers majority shareholder stake to indirect shareholders: Egyptian e-payment company Fawry has transferred the ownership of the 63.99% stake held in the company by PSI Netherlands Holding to indirect shareholders, finishing a restructuring process detailed in its listing prospectus...
  • Tuesday, 18 February 2020

    Egypt’s Banque du Caire net profits jump 60% y-o-y

    EARNINGS WATCH- Banque du Caire’s (BdC) net profits jumped 60% y-o-oy to EGP 6 bn in 2019, according to Mubasher. The bank is on track to sell a 45% stake to investors in the first IPO under the state privatization...
  • Thursday, 13 February 2020

    Odin investments in talks to acquire stake in a local financial leasing firm

    Odin Investments is in talks to acquire a stake in an unnamed local financial leasing firm, the company said, according to Al Mal.
  • Thursday, 13 February 2020

    Banque du Caire IPO could go ahead in mid-April

    PRIVATIZATION WATCH- State-owned Banque du Caire (BdC) shares could start trading on the EGX by the middle of April, the local press reports, citing unnamed industry sources. The bank, which is reportedly set to sell a 45% stake to investors,...
  • Wednesday, 12 February 2020

    Fertilizers producer Evergrow mulls offering 30% stake

    IPO WATCH- Evergrow For Speciality Fertilizers is planning to sell a 30% stake in an IPO on the EGX by no later than 2022, Chairman Mohamed El Kheshen told the local press. El Kheshen did not specify how much Evergrow...
  • Monday, 10 February 2020

    Emerald private placement, public offering to get underway this week

    IPO WATCH- Emerald to kick off Egypt’s first (small) IPO of 2020 this week: The Financial Regulatory Authority (FRA) has given real estate investment firm Emerald the green light to list on the EGX and begin its private placement and...
  • Monday, 10 February 2020

    What we’re tracking on 10 February 2020

    It’s a typically quiet Monday news day, and as we suggested yesterday, the House of Representatives dominated newsflow, discussing amendments to the Anti-Terror Act and gearing up for votes on key pieces of legislation including the Consumer Credit Act and,...
  • Thursday, 6 February 2020

    The Egyptian-American Enterprise Fund’s 2019 shareholders’ letter

    2019 was a “milestone” year for the Egyptian-American Enterprise Fund (EAEF), Chairman James Harmon wrote this week in his annual letter to shareholders (pdf). The EAEF acquired a majority stake in Egyptian seed company Misr Hytech with Helios Investment Partners,...
  • Wednesday, 5 February 2020

    Egypt Gold to debut on EGX this year -chairman

    IPO WATCH- Egypt Gold gears up for EGX debut this year: Egyptian jewelry brand Egypt Gold plans to IPO on the EGX sometime in 1H2020, Chairman Mostafa Nassar told Al Mal, without providing details on the value of the offering...

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