• Tuesday, 22 October 2019

    Rameda, Misr Insurance and jeans maker T&C all make IPO news

    IPO WATCH- There’s plenty of chatter in the market this morning about IPOs, some on the near horizon, others further out. At the head of the class is Rameda Pharma, which Al Mal cites unnamed sources as saying is on...
  • Monday, 21 October 2019

    Qalaa Holdings to IPO TAQA Arabia, Arab Refining Company next year

    IPO WATCH- Qalaa Holdings to kick off four-year IPO program next year by listing shares of TAQA Arabia, ARC: Qalaa Holdings is planning to move ahead with the IPO of several of its subsidiaries next year, with IPO of TAQA...
  • Monday, 21 October 2019

    Public Enterprises Ministry could offer investors management rights to three bus companies

    PRIVATIZATION WATCH- Egypt is bringing its privatization drive to bus companies. The Public Enterprises Ministry could offer private investors the management rights to three bus companies before merging them together, Minister Hisham Tawfik said, according to Al Mal. The move...
  • Wednesday, 16 October 2019

    South African MNO Helios Towers debuts shares on LSE in USD 250 mn IPO

    South African mobile network operator Helios Towers debuted its shares on the London Stock Exchange yesterday, with the IPO reeling in GBP 288 mn (USD 250 mn) in proceeds, according to joint bookrunner EFG Hermes. The final share price for...
  • Monday, 14 October 2019

    What we’re tracking on 14 October 2019

    The annual meetings of the IMF and World Bank start today and wrap up on Sunday, with the talk of the town these days being the global economic outlook for 2019. The IMF will weigh in on the question everybody’s...
  • Sunday, 13 October 2019

    Studies show stocks with catchy tickers may perform better

    Who said creativity and stocks didn’t go together? The results of a 2009 study that found stocks with memorable ticker names outperform in the market still rings true, according to the Economist. A decade later, the same portfolio of companies...
  • Thursday, 10 October 2019

    What we’re tracking on 10 October 2019

    Expect another low inflation reading when Capmas releases September’s figures later today. Annual headline inflation plunged to 7.5% in August, the lowest reading in six-and-a-half years. Analysts are expecting the downward trend to hold, with Pharos’ Radwa El Sweify predicting...
  • Monday, 7 October 2019

    Galina-Agrofreeze starts process of launching two subsidiaries on EGX

    IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX: Galina-Agrofreeze Fruits & Vegetables has approached investment banks, including Pharos Holdings and EFG Hermes, to manage the planned listing of two of its subsidiaries on...
  • Monday, 30 September 2019

    EFG lands role in Saudi Aramco IPO

    Is EFG getting a slice of the Aramco pie? EFG Hermes has reportedly landed a gig as joint bookrunner in Saudi Aramco’s anticipated IPO, according to Bloomberg. Our friends will reportedly be working alongside global investment banks Bank of America,...

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.