• Wednesday, 3 April 2019

    What we’re tracking on 03 April 2019

    MPs should receive today a report from a House subcommittee recapping debate on the package of constitutional amendments on which our elected representatives will vote on Sunday, 14 April. The sub-committee of the House legislative and constitutional affairs committee providing...
  • Sunday, 31 March 2019

    Giza Spinning & Weaving pushes IPO to 3Q2019

    IPO WATCH- Giza Spinning and Weaving pushes IPO to 3Q2019: Privately-owned Giza Spinning & Weaving Company has pushed to September at the earliest its sale of up to 40% of its shares on the EGX, Managing Director Fadel Marzouk said,...
  • Thursday, 28 March 2019

    Hassan Allam suspends IPO plans

    IPO WATCH- Hassan Allam Holding puts IPO on the shelf for now: Leading construction and engineering group Hassan Allam has suspended its plans for an initial public offering on the EGX, sources with knowledge of the matter told Al Mal....
  • Tuesday, 19 March 2019

    IPO activity in Egypt and the rest of North Africa rose 115% in 2018

    IPO WATCH- IPO activity in Egypt and the rest of North Africa rose 115% in 2018, but 2019 looks like it’s going to be a bit slower -PwC: IPO activity was up 115% y-o-y last year in value terms in...
  • Tuesday, 12 March 2019

    Banque du Caire IPO under Egypt’s privatization program postponed to 1Q2020

    EXCLUSIVE- The IPO of state-owned Banque du Caire (BdC) could take place in 1Q2020, a senior government official told us. Officials are discussing whether to push the transaction to the start of next year as the bank wraps up settlements...
  • Wednesday, 6 March 2019

    Fawry considering IPO by next year, plans expansions

    IPO WATCH- Fawry considering IPO by next year, plans expansions: E-payments platform Fawry is considering listing on the EGX sometime in 2019 or 2020 to finance its expansions, Managing Director Mohamed Okasha told Al Mal. The company hasn’t begun the...
  • Tuesday, 5 March 2019

    Speed Medical obtains regulatory approval to debut its shares on Egypt’s exchange

    IPO WATCH- Speed Medical has obtained regulatory approval to debut its shares on the EGX, Chairman Mahmoud Lasheen said, according to Al Mal. The IPO, for which Lasheen provided no specific timeline, would come as the company is looking to...
  • Tuesday, 5 March 2019

    Eastern Tobacco’s public offering 42.3% covered on second day of subscription

    IPO WATCH- Eastern Tobacco’s public offering 42.3% covered on second day of subscription: The public offering portion of Eastern Tobacco’s share sale was 42.3% covered by the end of the second day of subscription, according to local media reports. The...
  • Monday, 18 February 2019

    Egypt’s Eastern Co stake sale could proceed at low end of target range

    IPO WATCH- Eastern Co stake sale could proceed at low end of target range: The government is considering going ahead with the sale of a 4.5% stake in publicly traded Eastern Company when its share price hits EGP 16.83, Public...

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