• Monday, 29 July 2019

    What we’re tracking on 29 July 2019

    The Fawry IPO is up and running as retail investors requested 1 mn shares on the first day of the retail offering, the local press reports. There’s still a long way to go for the offering to be fully subscribed...
  • Sunday, 28 July 2019

    Fawry sets IPO price as subscription gets underway

    IPO WATCH- Fawry sets IPO price at EGP 6.46 / share as private placement gets underway: Egyptian e-payments giant Fawry has set its share price for the upcoming IPO at EGP 6.46/share for its private placement and retail offering, a...
  • Wednesday, 24 July 2019

    EGX boss sees two private companies, one state-owned company IPOing this year

    IPO WATCH- Two private companies, one state-owned company expected to IPO this year -Farid: EGX boss Mohamed Farid expects one state-owned company and two private companies to complete their initial public offerings this year, he told the local press. Farid...
  • Monday, 22 July 2019

    EFG Hermes has a lot of projects in the pipeline

    M&A WATCH- EFG Hermes named as adviser to FrieslandCampina in Arab Dairy acquisition: EFG Hermes will provide financial advice to Dutch company FrieslandCampina in its bid to acquire Egyptian cheese-maker Arab Dairy, Hapi Journal reported, citing unnamed sources. Sharkawy and...
  • Monday, 22 July 2019

    Government mulls a tax break incentives for companies listing on the EGX

    EXCLUSIVE- A generous tax break for companies listing on the EGX is in the making: Fawry’s planned listing comes as a government committee is looking at incentives to stimulate IPO activity in the market and attract more foreign investment in...
  • Monday, 22 July 2019

    What we’re tracking on 22 July 2019

    All eyes will be on the EGX for the next several days as Fawry gears up for its IPO, which would be the first since Sarwa Capital debuted on the exchange last October. Fawry’s initial public offering is expected to...
  • Thursday, 18 July 2019

    EFG to invest USD 60 mn in education, pharma acquisitions

    INVESTMENT WATCH- EFG Hermes to invest USD 60 mn in education, pharma acquisitions: EFG Hermes is set to acquire schools in Cairo and Alexandria in a USD 30 mn transaction, and will invest another USD 30 mn in a transaction...
  • Thursday, 11 July 2019

    No stake sales in state companies happening before September

    EXCLUSIVE- No stake sales in state companies happening before September: The sale of additional stakes in already listed state companies will not take place before September, Public Enterprises Minister Hisham Tawfik tells Enterprise. The sale of an additional stake in...
  • Sunday, 7 July 2019

    Misr Insurance, Misr Life Insurance could IPO on Egypt’s bourse by end-2020

    IPO WATCH- Misr Insurance, Misr Life Insurance will IPO-ready by the end of 2020: State-owned Misr Insurance and Misr Life Insurance should be ready to IPO as part of the state privatization program by the end of next year, Chairman...

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.