• Tuesday, 19 July 2022

    Has Banque du Caire pushed its IPO back again?

    Banque du Caire’s IPO may have been kicked down the road once more: State-owned Banque du Caire is postponing its long-awaited IPO due to unfavorable market conditions, Al Borsa reports, citing unnamed sources. The bank had been set to make...
  • Sunday, 3 July 2022

    Ghazl El Mahalla IPO could be extended

    Subscription to the retail offering in Ghazl El Mahalla’s IPO has been extended until 13 August due to weak investor demand for the football club’s shares, Al Borsa reports. The club was originally expected to wrap up the retail component...
  • Tuesday, 21 June 2022

    Privatization program unpacked

    Madbouly gets his ministers together for a status update on privatization plans — and they’ve been busy bees: Prime Minister Mostafa Madbouly yesterday brought key cabinet ministers around a table to follow up on President Abdel Fattah El Sisi’s new...
  • Wednesday, 15 June 2022

    Oil prices could go down in 2023, says Opec

    OPEC expects oil demand growth to fall to 2 mn barrels per day (bpd) or less in 2023, compared to an expected growth of 3.36 mn bpd in 2022, Reuters reports, citing sources in the know. Oil prices have hit...
  • Sunday, 12 June 2022

    THIS MORNING: The heatwave’s gonna break + a big week for our energy ambitions

    Good morning, ladies and gentlemen, and get ready for what should be an interesting week ahead. We hope you spent a restful weekend by the beach (and the AC) as some international schools have begun their summer breaks.Summer should give...
  • Wednesday, 8 June 2022

    No year for IPOs + The tough times are far from over for EM assets

    The value of global IPOs has plummeted so far in 2022, falling 71% y-o-y in the first five months of the year as rising interest rates, soaring inflation and geopolitical uncertainty fuel volatility in the financial markets, the Financial Times...
  • Wednesday, 8 June 2022

    Ghazl El Mahalla’s public offering begins next Sunday

    The public placement for Ghazl El Mahalla FC’s IPO will begin on Sunday, 12 June and last until Friday, 1 July, according to a press release (pdf) out yesterday. The club has set its share price at EGP 1.02, and...
  • Tuesday, 7 June 2022

    EFG Hermes wraps first Kuwaiti advisory

    EFG Hermes wraps up advisory on Boursa Kuwait IPO: EFG Hermes’ investment banking division acted as joint bookrunner on a USD 323m private placement for Ali Alghanim and Sons Automotive Company ahead of its IPO on the Kuwaiti stock exchange,...
  • Monday, 6 June 2022

    SFE pushing ahead with stake sales to strategics, courts Gulf investors as it lines up new hotels company for high-profile sale –Soliman

    Sovereign Fund of Egypt head Ayman Soliman gets credit for being a straight shooter this morning after telling Bloomberg Asharq in an interview yesterday that stake sales are likely the order of the day for the state’s privatization program in...

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