• Wednesday, 14 November 2018

    Here’s what Egypt’s market regulator claims Beltone investment banking did wrong

    Regulator’s grounds for suspending Beltone’s investment banking license are becoming increasingly clear: The Financial Regulatory Authority (FRA)’s grounds for suspending Beltone’s IPO unit from all market activity for a six-month period have yet to be disclosed, leaving market chatter to...
  • Monday, 12 November 2018

    Could Beltone’s IPO fiasco scare the market off?

    Industry to the FRA: Make clear why Beltone was suspended over the Sarwa IPO or everyone could suffer: The Financial Regulatory Authority needs to make clear why it suspended Beltone Financial’s IPO unit or risk harming the market for capital...
  • Sunday, 11 November 2018

    “Few” investor complaints to FRA, says Beltone’s El Sahrawy

    “Few” investor complaints to FRA were those who “lost” on Sarwa IPO says Beltone’s El Sahrawy: Beltone Financial Investment Banking head Sobhy El Sahrawy said he was unaware how many investors complained to the Financial Regulatory Authority (FRA) about alleged...
  • Thursday, 8 November 2018

    Lincom Investments hires Grand Investment to manage IPO before year-end

    Red Sea-focused real estate investment firm Lincom Investments has hired Grand Investment to manage the IPO of 25% of its shares on the EGX in December, Chairman and Managing Director Ehab El Hattawy told Al Mal. The company has commissioned...
  • Wednesday, 7 November 2018

    Beltone says no irregularities in Sarwa prospectus

    Beltone denies allegations of irregularities in Sarwa IPO: Beltone Financial investment banking chief Sobhy El Sehrawy told Reuters yesterday that the IPO prospectus for structured and consumer finance player Sarwa Capital “contained no irregularities.” His remarks were the firm’s first...
  • Monday, 5 November 2018

    Egypt’s FRA says suspended Beltone’s investment banking arm due to irregularities in Sarwa IPO

    ** #1 FRA says Beltone suspension was due to “irregularities” in Sarwa IPO: The Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking unit for six months after an investigation allegedly found the initial public offering of structured and consumer...
  • Sunday, 4 November 2018

    Misr Insurance, Misr Life Insurance IPOs postponed, pending restructuring

    IPO WATCH- Misr Insurance, Misr Life Insurance IPOs postponed pending restructuring: The IPOs of state-owned Misr Insurance and Misr Life Insurance as part of the state privatization program have been postponed until the two companies undergo restructuring, Public Enterprises Minister...
  • Sunday, 4 November 2018

    FRA suspends Beltone’s investment banking arm for six months

    FRA suspends Beltone Investment Banking for six months: With barely 30 minutes left in Thursday’s trading session, the Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking arm, banning it from carrying out any market activities for a six-month period.Regulator...
  • Sunday, 4 November 2018

    Misr Insurance, Misr Life Insurance IPOs postponed, pending restructuring

    ** #7 IPO WATCH- Misr Insurance, Misr Life Insurance IPOs postponed pending restructuring: The IPOs of state-owned Misr Insurance and Misr Life Insurance as part of the state privatization program have been postponed until the two companies undergo restructuring, Public...

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