• Thursday, 4 March 2021

    Al Ahly Capital closing in on Momken acquisition

    Al Ahly Capital is reportedly in the final stretch of acquiring a majority stake in e-payment firm Momken in a EGP 100 mn transaction, according to a report in Al Mal’s print edition citing unnamed sources with knowledge of the...
  • Monday, 22 February 2021

    Also on our radar on 22 February 2021

    The Suez Canal Authority (SCA) is borrowing USD 100 mn from a syndicate of four local banks to finance ongoing projects, Al Mal reports, citing unnamed sources. CIB, Banque du Caire, and Arab African International Bank will provide USD 30...
  • Tuesday, 26 January 2021

    NBE to help fund Abu Qir port expansion

    The National Bank of Egypt (NBE) is leading a EGP 7.5 bn syndicated loan to finance the building of a new shipping container terminal at Abu Qir port, Al Mal, citing anonymous sources. The state-owned bank will act as the...
  • Thursday, 14 January 2021

    Thursday Kudos

    KUDOS- Tennis champion Mayar Sherif has become the first Egyptian to qualify for the Australian Open’s main draw, after becoming the first Egyptian player to make it to the main draw in the French Open at Roland Garros last September.Egypt’s...
  • Tuesday, 5 January 2021

    Aman Holding wants to IPO

    Raya subsidiary Aman Holding is eyeing an IPO in the coming two years, by which time it hopes to have captured more market share, Al Mal reports, citing unnamed sources. The news comes after the National Bank of Egypt’s acquisition...
  • Sunday, 27 December 2020

    On our radar for 27 December 2020

    Egypt is soon getting the final tranche of a Chinese loan to finance the new capital’s business district, cabinet said in a statement on Friday. Officials signed an agreement with a group of Chinese banks this weekend to disburse the...
  • Monday, 7 December 2020

    Blom Bank Egypt getting ready for its sale to Bank ABC?

    Blom Bank Egypt is getting its ducks in a row ahead of its potential sale to Bahrain’s Bank ABC, amending its employee salary structures to comply with Central Bank of Egypt regulations, Al Shorouk reports, citing unnamed sources. In a...
  • Sunday, 29 November 2020

    Also on our radar on 29 November 2020

    Green finance is more and more a thing with each passing day. Most recently: The National Bank of Egypt (NBE) is getting a EUR 100 mn credit facility from the French Development Agency (AFD) to finance green projects in Egypt...
  • Sunday, 15 November 2020

    Egypt Kuwait Holding doubles stake in Mohandes Insurance

    M&A WATCH- Egypt Kuwait Holding (EKH) more than doubled its stake in Mohandes Insurance to 20.4% in a EGP 109.7 mn transaction, according to a regulatory filing (pdf) on Thursday. EKH, which already owned a 10% stake in the company,...

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