• Monday, 17 February 2020

    Mubasher’s Egypt brokerage firm acting as broker in Emerald IPO

    IPO WATCH- Mubasher’s brokerage firm acting as broker in Emerald IPO: Mubasher Capital Holding for Financial Services’ trading arm is acting as a broker in the IPO of real estate investment firm Emerald, Vice Chairman Ehab Rashad said. Emerald kicked...
  • Wednesday, 12 February 2020

    SODIC board approves Hussein Shoukry’s resignation

    MOVES- SODIC board approves Hussein Shoukry’s resignation: HC Securities Chairman Hussein Shoukry’s resignation from the SODIC board was approved effective 31 January, the company said in a bourse disclosure (pdf). Shoukry had submitted his resignation last month.
  • Wednesday, 12 February 2020

    Americana Egypt’s profits halve in 2019

    EARNINGS WATCH- Americana Egypt profits halve in 2019: Americana Egypt’s net profit plunged 48.4% in 2019 to EGP 15.1 mn down from EGP 29.3 mn in 2018, according to the company’s consolidated earnings statement (pdf). The drop in profits come...
  • Monday, 10 February 2020

    Amr El Kady named managing director, executive VP of Talaat Moustafa Group

    MOVES- Talaat Moustafa Group has appointed Amr El Kady (LinkedIn) as its new managing director and executive vice president, the group said in a bourse disclosure (pdf). El Kady will leave his position as CEO of City Edge Developments, a...
  • Monday, 10 February 2020

    No official bids yet for for 10% stake in HHD + management

    PRIVATIZATION WATCH- No official bids yet for for 10% stake in HHD + management: Heliopolis Housing and Development (HHD) is yet to receive any formal offers from investors interested in acquiring a 10% stake with management rights to the company,...
  • Sunday, 9 February 2020

    Egypt in the News on 9 February 2020

    It’s a relatively quiet morning for Egypt in the foreign press, with no single story leading the conversation. Among the headlines to keep on your radar: Activist Ramy Sayed was released last week after spending four years in prison, with...
  • Thursday, 6 February 2020

    Cabinet finally approves Real Estate Registry Act

    CABINET WATCH- Cabinet finally approves Real Estate Registry Act: The Madbouly Cabinet approved yesterday amendments to the Real Estate Registry Act that would speed up procedures for citizens to register properties, according to a cabinet statement. The House of Representatives...
  • Tuesday, 4 February 2020

    Central Bank of Egypt to launch mortgage finance program in March

    CBE to launch mortgage finance program next month: The Central Bank of Egypt (CBE) is finalizing its mortgage finance program with several banks ahead of launching it in March, Mubasher reports, citing unnamed sources in the know. The EGP 50...
  • Wednesday, 29 January 2020

    Real estate firm Emerald to debut on stock exchange in “10 days”

    IPO WATCH- Emerald set to become Egypt’s first IPO of 2020 in 10 days -Omran: Real estate investment firm Emerald will make its EGX debut “within 10 days,” making it this year’s first IPO, Financial Regulatory Authority Chairman Mohamed Omran...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.