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M&A WATCH- SPE Capital looks to acquire up to 40% stake in FuturePharma: Emerging markets-focused private equity outfit SPE Capital (Swicorp) is currently in talks to acquire a 30-40%stake in FuturePharma, sources close to the talks tell Al Mal. The transaction is expected to cost SPE up to EGP 400 mn, the source noted. They […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt gets offers for 5500 MWs of renewable power plants
INVESTMENT WATCH- Egypt gets offers from companies interested in building up to 5.5 GW of renewable power: Egypt has received offers from regional and international companies to build renewable power generation facilities with a total capacity of 5500 MW, Electricity Minister Mohamed Shaker toldlocal press. Tariffs for solar power are set to fall in the […]
Posted inSpeed Round
Dana Gas to invest USD 5 bn in Egypt in the coming few years
INVESTMENT WATCH- Dana Gas to invest USD 5 bn in Egypt in the coming few years: Speaking of foreign players that have been vocal about dues owed by the government: Dana Gas is planning on increasing its investments in Egypt by USD 5 bn “over the coming few years,” CEO Patrick Allman-Ward said at a […]
Posted inSpeed Round
ATICOT to list up to 50% of shares in 2019
IPO WATCH- ATICOT looking to list up to 50% of shares in 2019: The Arab Trade, Investment & Cotton Trading Company (ATICOT) is reportedly looking list up to 50% of the company on the EGX in 2019, company chairman Ezz El Din El Dabbah tells Al Mal. The company plans to sell shares over two […]
Posted inSpeed Round
Nabq Sinai to offer 25% of its shares in IPO
IPO WATCH- Nabq Sinai to offer 25% of its shares in IPO: Nabq Sinai Hotels is planning to sell 25% of its shares in an IPO and is currently in the process of hiring advisers for the transaction, Chairman Hossam Attia tells Al Mal. The company is also in the process of raising its capital […]
Posted inSpeed Round
Parliament, government want to regulate crowdfunding and real estate developers
LEGISLATION WATCH- Regulating all the things: Crowdfunding is now on the FRA’s priority list: Financial Regulatory Authority (FRA) boss Mohamed Omran outlined his agency’s list of legislative priorities in a briefing with reporters yesterday. The FRA chairman says the market regulator is looking to regulate crowdfunding as well as real estate developers and added that […]
Posted inSpeed Round
Central Bank of Egypt to repay USD 400 mn to AfreximBank in June -source
The central bank will make a USD 400 mn payment to the African Export- Import Bank (AfreximBank) in June, a source told Masrawy. AfreximBank had said last month it has earmarked USD 2 bn in financing for Egypt through 2019, which will be directed largely towards manufacturing and petrochemical projects.
Posted inSpeed Round
South Korea to resume direct flights to Egypt
South Korea to resume direct flights to Egypt: South Korea will be resuming direct flights to Egypt after a lengthy hiatus, Seoul’s ambassador in Cairo Yoon Yeocheol announced during a meeting on Monday with Finance Minister Mohamed Maait, according to a ministry statement. No further details on the flights were provided. Yeocheol and Maait also […]
Posted inSpeed Round
Misr Iran MD resigns
MOVES- Misr Iran Development Bank Managing Director Ahmed Amr Tantawy has reportedly resigned from his position on Monday, sources told Al Mal. No reason was given for the departure. The sources added that bank is looking at three candidates to replace him.
Posted inUncategorized
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