Private-Equity News
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EFG Hermes closes EGP 193.65m securitized bond issuance for Premium International
The bond is backed by a receivables portfolio assigned to EFG Hermes Holding’s Financial Group for Securitization.
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GEMMA unveils dividends for 2022
The ordinary general meeting (OGM) greenlighted a dividend on 27 March 2023, according to a bourse filing.
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Egypt to start process of listing military-affiliated “Safi” and “NPC” companies to investors starting 15 March
The committee following up on the offerings programme agreed to offer four other major companies through international investment banks.
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FRA makes legal amendments to establish ‘futures exchange’
Futures contracts whose value is derived from financial or in-kind assets, price indices, commodities, or others determined by the Authority.
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Future contracts for Egyptian pound fell to LE38
According to Central Bank data, the exchange rate recorded LE 30.77 for purchase and LE 30.88 for sale.
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Egypt considers floating further stake in Telecom Egypt in EGX
Telecom Egypt’s revenues grew by 10 percent in 2022, recording EGP 44.3 billion with a net profit of EGP 9.2 billion.
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Misr Beni Suef swings to $4.76mln losses in 2022
The EGX-listed firm reported sales worth EGP 1.84 billion last year, higher than EGP 1.12 billion as of 31 December 2021.
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Egypt’s first bonds more than four times oversubscribed
The Egyptian Ministry of Finance issued a statement about Egypt’s first bonds system with the aim of resolving part of the US dollar shortage crisis.
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Egypt to start investor meetings for debut islamic-bond sale
Egypt will start meeting investors this week before a potential debut sale of Islamic bonds known as sukuk.
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TaQa Arabia intends to float its shares on EGX during 2023
This coincides with the Prime Minister's announcement last week of the details of the government's offering program to offer stakes in 32 companies.
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The 32 state companies to see stakes sold on EGX
Egypt’s Cabinet released on Wednesday a list of 32 state companies which it intends to sell stakes from over the next year.
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Saudi Alinma Investment raises stake in Egypt’s Rekaz Holding to 7.06%
The Riyadh-based firm purchased 412,873 shares in the Egyptian company for EGP 1.30 million, at an average price of EGP 3.17 per share.
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Could Egypt depend less on 'hot money' as source to bolster its FX reserves in the short term?
Egypt's prime minister and finance minister asserted the government's intention to focus on attracting more direct investments to avoid shocks.
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Gov’t to announce soon plan of listing 20 companies on Bourse
This came after a cabinet meeting that aimed to review a number of economic files.
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What does it mean for an index to “rebalance”?
Last month, the Egyptian Exchange released new criteria for inclusion in the EGX30 in a bid to make the benchmark index more attractive for investors
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Highest since 2018 .. Egyptian bourse sees record trading
The main index of the Egyptian Stock Exchange "EGX30" rose during today's session by 2.13% to close at 16,791 points.
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Juhayna’s stock soars following CEO, son release from prison
In the first nine months (9M) of 2022, Juhayna’s consolidated net profits amounted to $25.03mln.
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B.TECH and CIB conclude the first securitized bond issuance worth EGP1.038bln
This issuance comes as part of a short-term EGP 5 billion securitization issuance program over two years.
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Egyptian Exchange achieved best performance among Arab exchanges in 2022
In 2022, EGX 30 hiked from 11,949.18 to 14,598.53 by the end of 2022.
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EGX chairman: 23 public companies to be listed on stock exchange in 2023
More than 23 public sector companies are nominated for Initial public offering (IPO) or additional offering on stock exchange.