• 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...
  • Tuesday, 24 November 2020

    NI Capital plans new fixed-income fund, expanded microfinance portfolio

    NI Capital is planning to launch a fixed-income investment fund, CEO Mohamed Metwaly said, according to Al Mal. NI’s parent company, the National Investment Bank (NIB), could contribute to the fund, Metwally said without providing further details. The launch would...
  • Thursday, 19 November 2020

    NI Capital acquires Bank Audi’s Arabeya Online brokerage

    M&A WATCH- State owned investment bank NI Capital has signed an agreement to acquire Bank Audi’s Arabeya Online brokerage, Planning Minister and National Investment Bank Chairman Hala El Said announced in a statement yesterday. The bank has completed due diligence...
  • Tuesday, 7 July 2020

    NI Capital in talks with Bank Audi for acquisition of Arabeya Online brokerage

    M&A WATCH- NI Capital eyes Arabeya Online acquisition: State-owned investment bank NI Capital is in talks with Bank Audi to acquire its online brokerage arm, Arabeya Online, and is currently doing due diligence, Al Mal reports, citing unnamed sources. NI...
  • Thursday, 16 January 2020

    Deadline for HHD 10% stake + management contract bids extended until February

    PRIVATIZATION WATCH- Deadline to bid for 10% stake in HHD with management rights extended until February: Heliopolis Housing & Development (HHD) has extended to 21 February the deadline for investors to submit their bids for a contract to take over...
  • Sunday, 8 December 2019

    Palm Hills joins the race for HHD 10% stake + management contract

    Palm Hills Developments has joined the list of companies competing to snag management rights for Heliopolis Housing & Development (HHD) along with a 10% stake in the company, sources told the local press. The real estate developer purchased the prospectus...
  • Monday, 2 December 2019

    HHD 10% stake + management contract to be awarded at the end of January -Tawfik

    EXCLUSIVE: HHD 10% stake + management contract to be awarded at the end of January -Tawfik: NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with...
  • Monday, 19 August 2019

    NI Capital to launch bookrunner tender for HHD secondary offering in September

    IPO WATCH- NI Capital to launch bookrunner tender for HHD secondary offering next month: State-owned investment bank NI Capital is planning to issue a tender in September to choose the bookrunner for state-owned real estate developer Heliopolis Housing and Development’s...
  • Wednesday, 31 July 2019

    NI Capital appoints Mohamed Metwally as new CEO

    MOVES- State investment bank NI Capital has appointed Mohamed Metwally as its new CEO, the bank said in a press release (pdf). Metwally previously served as Deputy CEO at HC Securities & Investment and Managing Director & CEO at Abu...

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