• Sunday, 20 February 2022

    A spring debut on the EGX planned for Ghazl El Mahalla

    Ghazl El Mahalla FC will debut on the EGX at the beginning of April, Bloomberg Asharq quotes Mohamed Maher, head of bookrunner Prime Holding, as saying. The IPO prospectus will be released “within days” and the subscription period will run...
  • Monday, 15 November 2021

    Earnings season still going strong: Ezz Steel, ODE, AMOC, Prime Holding, RCC, and B Investments report results

    Ezz Steel posted a net income of EGP 1.4 bn in 3Q2021, after seeing a loss of EGP 1.3 bn in the third quarter of last year, according to the company’s consolidated financials (pdf). Revenues also rose to EGP 18.6...
  • Monday, 1 November 2021

    Misr Ins. wants a chunk of Ghazl El Mahalla FC ahead of IPO

    Misr Ins. Holding has bid for 40% of the shares that Ghazl El Mahalla Football Club will offer to institutional investors in its upcoming IPO, according to statements made by Public Enterprises Minister Hisham Tawfik published in Hapi Journal (pdf)...
  • Tuesday, 26 October 2021

    Meet our analyst of the week: Prime’s Sherif El Etr

    OUR ANALYST OF THE WEEK- Sherif El Etr, equity analyst at Prime Holding (LinkedIn). My name is Sherif El Etr and I’m a sell-side equity analyst at Prime Holding. I’ve been in this role for around a year and half...
  • Tuesday, 21 September 2021

    Meet our analyst of the week: Prime Holding’s Nada Wagdy

    OUR ANALYST OF THE WEEK- Nada Wagdy, equity research analyst at Prime Holding (Linkedin).I’ve been working in sell-side for the past three years. I graduated from Helwan University and during my time studying I took part in the CFA Society...
  • Sunday, 15 August 2021

    GB Auto net income triples in 2Q off of higher revenues

    GB Auto’s net income more than tripled to EGP 374.3 mn in 2Q2021, compared to EGP 115.8 mn in the same period last year, the company said in an earnings release (pdf). Revenues surged by 81% y-o-y to EGP 7.27...
  • Wednesday, 11 August 2021

    No, NIB will not be liquidated — but it is restructuring

    The Madbouly government is NOT liquidating NIB, only restructuring it: The state-owned National Investment Bank (NIB) is not being liquidated, Ashraf Negm, Vice Chairman and MD of NIB, said in a statement (pdf) this morning, refuting a news report in...
  • Tuesday, 10 August 2021

    Meet our analyst of the week: Prime Holding’s Mohamed Saad

    OUR ANALYST OF THE WEEK- Mohamed Saad, senior equity research analyst at Prime Holding (LinkedIn). My name is Mohamed Saad and I’m a senior equity analyst at Prime Securities. When I first started my career I worked as an equity...
  • Thursday, 15 July 2021

    Egypt’s first football listing worth EGP 200 mn?

    Ghazl El Mahalla FC is looking to make an EGP 200 mn EGX debut, Prime Holding CEO Mohamed Maher tells us. Prime is quarterbacking the company’s listing on the bourse.Wait, how can the company know the value of the transaction...

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