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20 January (Sunday): Cairo Court of Urgent Matters to hear an amendment to the constitutional to extend the presidential term limits. 21-22 January (Monday-Tuesday): EPEA and IFC’s SME Governance Workshop at the Fairmont Nile City Hotel. 22-23 January (Tuesday-Wednesday): CI Capital’s third annual MENA Investor Conference, The Plaza, New York City, USA. 22-25 January (Tuesday-Friday): […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 17 January 2019
Good morning, friends, and thank you for choosing to end your week with us. We’re still in the process of moving into our new offices in Maadi, from which we look forward not just to launching exciting new products, but to meeting many of you in person. Starting a move in the midst of an […]
Posted inEnterprise+: Last Night’s Talk Shows
Eni talks, homelessness and sandstorm keep talking heads busy
Talks between Egypt and Italy’s Eni got some attention on the airwaves last night, with Al Hayah Al Youm‘s Khaled Abu Bakr dissecting what President Abdel Fattah El Sisi and Eni CEO Claudio Descalzi said in their sit-down (watch, runtime: 03:53) The host highlighted that the Italian company has invested a total of USD 13 […]
Posted inSpeed Round
Gov’t considers jumpstarting privatization program in March
EXCLUSIVE- Gov’t considers jumpstarting privatization program in March: The government committee tasked with managing the state privatization program is considering jumpstarting share sales in state companies as early as March provided market conditions hold up, a senior government source told Enterprise yesterday. He made sure to note that at this point, the date remains under […]
Posted inSpeed Round
Qalaa signs MoU with Qatar Petroleum to raise its stake in Egyptian Refining Company
M&A WATCH- Qalaa inks MoU to raise stake in key subsidiary Egyptian Refining Company: Qalaa Holdings has signed an MoU with Qatar Petroleum to purchase an additional stake in the Egyptian Refining Company (ERC), which owns the USD 4.3 bn Mostorod refinery, Qalaa said in a statement to the EGX (pdf). Qalaa is in “advanced […]
Posted inSpeed Round
Cairo 3A in talks to acquire Pyramid Poultry
M&A Watch- Cairo 3A in talks to acquire Pyramid Poultry: Agricultural commodity trader and manufacturer Cairo 3A is in talks to acquire Pyramid poultry as part of its expansion plan, sources tell Al Mal. The negotiations are in an advanced stage and a deal might be reached 1Q2019. Advisors: CI Capital and Al Tamimi & […]
Posted inSpeed Round
Bank Audi mulls acquisition of National Bank of Greece branches in Egypt
M&A WATCH- Bank Audi mulls acquisition of National Bank of Greece branches in Egypt: Bank Audi is considering an offer for the local branches of the National Bank of Greece (NBG), sources tell Al Mal. The Lebanese lender has requested approvals for due diligence before making an offer. NBG was given the green lightlast summer […]
Posted inSpeed Round
Raya redirecting EGP 300 in investments outside Egypt
Raya boss says he’s redirecting EGP 300 mn in investments outside Egypt: Raya Holding for Financial Investments is redirecting elsewhere up to EGP 300 mn of investments that were initially planned for Egypt, Chairman and CEO Medhat Khalil tells Al Mal. Raya is in talks to raise its stake in Poland’s Makarony Polskie to 30%, […]
Posted inSpeed Round
CI Capital Securities Brokerage, SHUAA Securities In talks for market maker license.
CI Capital and Shuaa Securities Egypt want to become market makers: CI Capital Securities Brokerage and Shuaa Securities Egypt are in talks with the Egyptian Exchange to become market makers, according to local press reports. Brokerage firms are standing in line for the market maker license after the EGX issued its regulations earlier this month. […]