• Monday, 5 August 2019

    Giza Spinning & Weaving delays IPO for second time to Feb 2020

    IPO WATCH- Giza Spinning and Weaving pushes IPO to Feb 2020: Privately-owned Giza Spinning & Weaving Company has pushed to February 2020 its sale of up to 40% of its shares on the EGX due to poor market conditions, Managing...
  • Monday, 5 August 2019

    What we’re tracking on 05 August 2019

    It’s PMI day: The Emirates NBD purchasing managers’ indexes for Egypt, the UAE, and Saudi Arabia are due out this morning at 6:15 am CLT. Non-oil business activity had remained in contraction territory in June, but the slowdown rate was...
  • Sunday, 4 August 2019

    Fawry’s private placement sees strong demand

    IPO WATCH- Fawry’s private placement 15.9x oversubscribed: Investors oversubscribed 15.9x to the private placement portion of Fawry’s ongoing IPO, EFG Hermes said in a statement (pdf). Sources close to the matter had incorrectly told the local press last week that...
  • Thursday, 1 August 2019

    Misr Clearing looking to IPO sports subsidiary

    IPO WATCH- Misr Clearing looking to IPO sports subsidiary: Procedures to IPO Misr Lel Makkasa Sporting Club will be completed by November, Misr for Central Clearing, Depository, and Registry (MCDR) boss Mohamed Abdel Salam told Amwal Al Ghad. MCDR is...
  • Thursday, 1 August 2019

    Egyptian e-payments platform Fawry’s private placement more than 6x oversubscribed

    IPO WATCH- Fawry private placement more than 6x oversubscribed: The private placement portion of e-payments platform Fawry’s initial public offering, which closed yesterday, was c.6.5x oversubscribed, sources close to the matter told the local press. The private placement constitutes 10%...
  • Tuesday, 30 July 2019

    ACCH to offer 20% stake under state privatization program

    IPO WATCH- ACCH to offer 20% stake under state privatization program: Alexandria Container and Cargo Handling (ACCH) will offer 20% of its shares at EGP 15.6 apiece as part of the government’s long anticipated IPO program, according to Al Mal....
  • Tuesday, 30 July 2019

    NI Capital to select quarterback for Sidpec stake sale in September

    IPO WATCH- NI Capital to select quarterback for Sidpec stake sale in September: State investment bank NI Capital will announce in September the winning bid out of seven offers it received from investment banks to advise on the planned sale...
  • Tuesday, 30 July 2019

    Pharos-RenCap consortium picked as financial advisor for e-Finance IPO

    IPO WATCH- Pharos-RenCap consortium lands financial advisor job in e-Finance IPO: Our friends at Pharos have been chosen to act as joint global coordinators alongside Renaissance Capital in the anticipated stake sale of government-owned fintech company e-Finance, Pharos’ Managing Director...
  • Monday, 29 July 2019

    Heliopolis Housing calls shareholders meeting to vote on management contract

    HHD calls on shareholders to vote on handing company management to a private partner: State-owned real estate developer Heliopolis Housing has called an extraordinary general assembly meeting on 26 August to vote on handing the company’s management to a private...

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