Private-Equity News
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Egyptian private equity firm Ezdehar Management acquires 80%+ stake in apparel company behind Dalydress and Premoda
Local private equity firmEzdehar Management has purchased above 80% stake in clothing company SETA Textiles.
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Top 10 private equity companies in Egypt
Egyptian private equity firms and investors focus on injecting capital into local businesses, providing them with the resources needed to grow.
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127 Thousand New Investors Joined Egyptian Exchange During First 3 Months of 2023
The EE divided the number of new investors over the stock exchange into 126,000 individual investors and half a million institutional investors.
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Amr Adib addresses speculations on new US dollar saving certificate
During his show “al-Hekaya” (The Story), on MBC Masr on Saturday, Adib said that there must be US dollar vessels to attract Egyptians abroad.
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Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in its last bid on Thursday.
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IDSC says EGX leading financial institution in terms of capital market sustainability
EGX launched its sustainability index in accordance with the methodology of Standards & Poor’s, becoming the second in the world and the 1st in Africa
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Egyptian Central Securities Depository launches bond clearing activity
ECSD signed a memorandum of understanding (MoU) with the Egyptian Tax Authority to set the rules governing the application of agreements.
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Sidpec’s profits jump 107% in Q1-23 initial results
Basic earnings per share increased by 52.78% year-on-year.
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Egypt provides promising investment opportunities despite challenges: Golden Brokers
In addition, bonds, both government and corporate, are traded on the Egyptian exchange.
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Egypt to offer 10 more Armed Forces’ companies on stock exchange
In a press conference, Madbouli said Egypt is continuing its government’s initial offering programme (IPO).
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Egypt considers dollar alternatives for trading commodities
The shift has been driven by Western sanctions on Russia and in countries, such as Egypt, that have a shortage of dollars.
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FRA gives companies listed on EGX until end-May to submit their 1Q financial statements
The decision aims to help companies authorized to engage in non-banking financial activities, and in light of the economic changes,.
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Banque du Caire, Misr Insurance to be offered on stock exchange
The data of companies to be offered on the stock exchange will be released next week, he added.
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Stock Exchange Announces "EGX Awards" Success Partners
This came during the activities of the annual Suhoor organized by the Egyptian Stock Exchange.
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Egypt to Take Swift Action to Provide Foreign Exchange for Fodder Needs
The Egyptian government and the Central Bank of Egypt agreed to take quick measures to provide foreign exchange to increase the quantities of fodder.
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Contact Holding completes securitized bond issuance of EGP 1.89bn
The issuance came from in 3 tranches with different terms, ranging from 13 to 60 months.
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AIH’s consolidated profits fall 27% YoY in 2022: Egypt
The capital will be increased to EGP 424.94 million from EGP 404.71 million via the payment of 0.05- for-1 bonus shares.
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Bourse gains EGP 18 bln, all indexes up
The market capital gained about EGP 18 billion to close at EGP 1.067 trillion, amid transactions that totaled EGP 2 billion.
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B Investments posts higher consolidated profits at $43.3mln in 2022
Basic and diluted earnings per share (EPS) hiked to EGP 5.25 in 2022 from EGP 0.64 a year earlier.
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Egypt’s policy rates seen in negative double-digit for most of 2023
Egypt’s real policy rates are expected to remain in negative double-digit territory for most of 2023.