M&A WATCH- Healthcare outfit ICMI to increase stake in two companies as it eyes EGX listing: The International Company For Medical Industries (ICMI) aims to increase its stake in New Alfa and Alfa Medical, in which it currently owns 5% and 48% respectively, ahead of a potential listing on the Egyptian Exchange, CEO Hisham Saber said, according to Al Mal. ICMI, which is currently listed on the small-cap Nilex, is in talks with foreign investors for capital increases to fund the planned share purchases. Saber gave no further detail on the possible EGX listing.

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