• Thursday, 21 November 2019

    Raya Holding and subsidiaries may delist from EGX in 2020

    Medhat Khalil warns Raya Holding could delist from EGX in 2020: Raya Holding is considering delisting from the EGX, founder and CEO Medhat Khalil told Al Mal. Khalil is also quoted as saying he would pull back from IPOs of...
  • Wednesday, 20 November 2019

    Arabia Holding to offer a stake on the EGX

    IPO WATCH- Arabia Holding to offer <25% stake on EGX within two years: Real estate developer Arabia Holding is considering debuting on the EGX sometime over the next two years offering less than 25% of its shares, Chairman Tarek Shoukry...
  • Tuesday, 19 November 2019

    What we’re tracking on 19 November 2019

    It’s a reasonably quiet morning on the business / finance / econ news front in Egypt. The three big news drivers of the day: #1- Talk of a cabinet shuffle is still in the air — or on the airwaves,...
  • Tuesday, 19 November 2019

    What we’re tracking on 19 November 2019

    It’s a reasonably quiet morning on the business / finance / econ news front in Egypt. The three big news drivers of the day: #1- Talk of a cabinet shuffle is still in the air — or on the airwaves,...
  • Wednesday, 13 November 2019

    El Rashidy El Asly inaugurates new EGP 200 mn factory

    Confectioner El Rashidy El Asly inaugurated the first phase of its EGP 200 mn factory in Sixth of October City, which will triple the company’s current production levels, according to Al Mal. The factory was partially financed through a loan...
  • Thursday, 7 November 2019

    Banque du Caire to IPO 1Q2020

    IPO WATCH- Banque du Caire to IPO 1Q2010 -Amer: Banque du Caire (BdC) will go ahead with its anticipated IPO in the first quarter of next year, Central Bank of Egypt Governor Tarek Amer said on the sidelines of a...
  • Tuesday, 5 November 2019

    Earnings watch: CIB, Ibnsina, CI Capital, Abu Qir, MNHD report results

    EARNINGS WATCH- CIB net profits rise 23% in 3Q: CIB posted consolidated quarterly profits of EGP 3.18 bn in the third quarter, up 23% from EGP 2.59 bn in the same period last year, according to a company press release...
  • Tuesday, 5 November 2019

    MENA IPOs to pick up next year -E&Y

    The MENA region’s IPO activity will also pick up over the next 12 months following a weak third quarter, Ernst & Young said in its Global IPO Update 3Q2019 (pdf). “IPO activity is expected to progress cautiously, with an optimistic...
  • Tuesday, 5 November 2019

    Castle Development to list shares on EGX by 2021

    IPO WATCH- Real estate developer Castle Development plans EGX listing in 2021: ABC Construction Company subsidiary Castle Development is planning to offer an undisclosed number of shares on the EGX in 2021, CEO Ahmed Mansour tells Al Mal. The company...

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