• Monday, 11 February 2019

    Government expects to announce list of IPO companies within two weeks

    Government expects to announce list of companies for privatization program within two weeks: The government is preparing a list of four companies that will sell shares via IPO in phase two of the state’s privatization program, Public Enterprises Minister Hisham...
  • Sunday, 27 January 2019

    Pyramids Poultry considers IPO

    IPO WATCH- Is Pyramid Poultry playing hard to get? Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources. The...
  • Sunday, 27 January 2019

    Beltone en route to lose appeal against Egypt’s FRA

    Advisory body reportedly recommends court turn down Beltone’s appeal of its suspension. The Administrative Court received yesterday a report from the Board of State Commissioners recommending it reject Beltone’s appeal a suspension handed to the investment bank’s IPO unit by...
  • Wednesday, 23 January 2019

    Nabq Sinai to offer 25% of its shares in IPO

    IPO WATCH- Nabq Sinai to offer 25% of its shares in IPO: Nabq Sinai Hotels is planning to sell 25% of its shares in an IPO and is currently in the process of hiring advisers for the transaction, Chairman Hossam...
  • Wednesday, 23 January 2019

    ATICOT to list up to 50% of shares in 2019

    IPO WATCH- ATICOT looking to list up to 50% of shares in 2019: The Arab Trade, Investment & Cotton Trading Company (ATICOT) is reportedly looking list up to 50% of the company on the EGX in 2019, company chairman Ezz...
  • Sunday, 20 January 2019

    Qalaa will not sell shares in ARC and TAQA Arabia when they IPO

    CLARIFICATION- Qalaa will not sell shares in ARC and TAQA Arabia when they IPO: Qalaa Holdings is planning to go ahead with an IPO of Arab Refining Company (ARC, the largest shareholder of the Egyptian Refining Company) and TAQA Arabia...
  • Monday, 14 January 2019

    FRA drafting new regulations for IPO bookbuilding process

    REGULATION WATCH- FRA drafting new regulations for IPO bookbuilding process: A Financial Regulatory Authority (FRA) committee is looking at new regulations to govern the bookbuilding process during IPOs, including the pricing and allocation of shares, unnamed sources tell Al Mal....
  • Sunday, 13 January 2019

    Beltone eliminated from NI Capital’s tender for management of Abu Qir stake sale over Sarwa flap

    IPO WATCH- Beltone wasn’t invited to bid for a piece of Abu Qir stake sale: State-owned investment bank NI Capital has excluded Beltone Financial from a tender it issued last month that will see it hire a manger for the...
  • Tuesday, 8 January 2019

    FRA looking to file criminal case against Beltone officials over Sarwa IPO

    FRA looking to file criminal case against Beltone officials over Sarwa IPO: The Financial Regulatory Authority (FRA) is looking to file a criminal case against officials at Beltone Financial’s brokerage and investment banking arms over alleged irregularities in the IPO...

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