• Thursday, 27 May 2021

    EARNINGS WATCH: Talaat Moustafa Group + Obourland

    EARNINGS WATCH- Talaat Moustafa Group’s (TMG) consolidated bottom line after taxes and minority rights rose 19% y-o-y in 1Q2021 to EGP 447 mn, the company said in a bourse filing (pdf). The company’s topline grew 28% y-o-y during the quarter...
  • Monday, 18 January 2021

    Also on our radar on 18 January 2021

    TMG purchases 21 mn sqm of land for massive new capital development: Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for...
  • Wednesday, 13 January 2021

    Amer, TMG tap securitized bond market

    Amer, Qasatli sell EGP 700 mn of asset backed securities: EFG Hermes has closed a EGP 700 mn sale of securitized bonds on behalf of four Amer Group companies and Omar Amer’s mortgage lender Qasatli, the investment bank said yesterday...
  • Sunday, 27 December 2020

    TMG tapping securitized bond market again

    Talaat Moustafa Group (TMG) subsidiary Al Rehab Securitization plans to issue EGP 885 mn in securitized bonds to finance the development of TMG’s real estate projects, sources told Al Shorouk. No further details on the timeline for the issuance were...
  • 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

    Sarwa sukuk sets record as biggest yet + first for an NBFS player

    Egypt now has a sukuk issuance by a non-banking financial services player under its belt after Sarwa Capital closed its EGP 2.5 bn issuance, according to an EGX disclosure (pdf) Thursday. The sharia-compliant security carries a seven-year tenor and will...
  • Wednesday, 30 September 2020

    Sarwa Capital, unnamed company to issue EGP 4.5 bn of sukuk this year

    DEBT WATCH- Two corporate sukuk offerings worth a combined EGP 4.5 bn are expected to go to market this year, including Sarwa Capital’s planned EGP 2.5 bn issuance and another EGP 2 bn sale from an unnamed company in the...
  • Thursday, 24 September 2020

    TMG sukuk to be listed on EGX on Sunday

    TMG sukuk to be listed on EGX on Sunday: Talaat Moustafa Group’s EGP 2 bn sukuk issuance will be listed on the EGX after the exchange’s securities registration committee yesterday gave its approval, the bourse said in a disclosure on...
  • Tuesday, 15 September 2020

    Profits at top 5 real estate firms fall 31% in 2Q2020

    Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a result of the economic slowdown caused by the covid-19 pandemic, Reuters reports. Short of seeing a second wave of the...

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