• Sunday, 21 February 2021

    Raya’s Aman to tap securitization market in 1Q2021

    Raya subsidiary Aman is planning to take EGP 600 mn in securitized bonds to market before the end of the quarter, Raya’s CFO Hossam Hussein said. The sale will be open to qualified institutional investors, banks, and other financial institutions,...
  • Monday, 1 February 2021

    Mansour retail, Ibnsina, Multi-Apex announce 2021 investment plans + lots of debt news

    We have a smattering of investment and debt news that may be relevant to your industry, depending on where you hang your hat during the nine to five:Ibnsina Pharma is planning to invest EGP 180 mn in 2021 to set...
  • Wednesday, 20 January 2021

    Everybody loves debt…

    A fresh EGP 170 mn securitized bond issuance EFG Hermes is looking to take to market should soon get regulatory approval, Financial Regulatory Authority head Mohamed Omran said yesterday, according to Hapi Journal. The FRA hopes to increase debt instrument...
  • Tuesday, 19 January 2021

    A handful of updates

    There’s plenty of real estate news this morning: Al Ahly Sabbour Developments and Hyde Park Developments subsidiary Founders have launched their EGP 26 bn Gardenia City project on the Suez and Ring Roads, Al Mal reports. The project spans 513...
  • Monday, 18 January 2021

    Rawaj to issue EGP 308 mn in securitized bonds

    Consumer finance company Rawaj is reportedly planning a EGP 308 mn issuance of securitized bonds in a sale arranged and managed by CIB, Al Mal reports, citing unnamed sources with knowledge of the matter. The issuance is awaiting approval from...
  • Sunday, 3 January 2021

    A spate of M&As to end the year

    Abu Dhabi Commercial Bank (ADCB) has acquired a 51.5% stake in Alexandria Medical in a AED 64 mn (EGP 275 mn) transaction, Hapi Journal reported. The acquisition is part of a settlement owed to the bank by Emirati healthcare company...
  • Thursday, 17 December 2020

    Because Egyptians are everywhere

    Two Egyptians are now leading multinational telecoms giants: Hatem Dowidar (Linkedin) has been appointed CEO of Etisalat Group after acting as interim CEO of the Emirati telecom giant since May 2020, according to an Abu Dhabi Securities Exchange filing. Dowidar...
  • Wednesday, 2 December 2020

    Who’s in the market for debt?

    Banque du Caire is getting USD 30 mn in tier-two capital under a financing agreement with German development bank KfW’s Sanad fund, Hapi journal reports. The facility, the final agreement for which Banque du Caire and Sanad signed yesterday, will...
  • Sunday, 29 November 2020

    News from around the world on 29 November 2020

    Somebody really wants to make something happen in the final days of Trump’s presidency. A prominent Iranian scientist and former head of the country’s nuclear program was gunned down outside Tehran on Friday, the Associated Press reports. Iran vowed not...

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