Author Archives: enterpriseam admin

M&A WATCH- El Ahram Printing & Packaging (EPPK) is in talks to buy a 32% stake in the El Badr Plastic Company, according to a company disclosure. The two companies are drafting an MoU to greenlight the negotiations. EPPK already owns 0.15% of El Badr through a subsidiary. The announcement was followed by the revelation […]

IPO WATCH- The Civil Aviation Finance Holding Company (CIAF) plans to list 30% of its shares on the EGX by year’s end to finance its future investments, CIAF Chairman Hassan Mohamed tells Al Masry Al Youm. CIAF, an aircraft lessor, plans to purchase four new airplanes worth USD 70 mn to lease them domestically and […]

Easy Group for Health and Beauty Care is planning to launch a new USD 100 mn factory in the Borg El Arab industrial city in June, company CEO Asser Salama said, according to Al Borsa. The factory, the company’s second, will include production lines for cosmetics, wet wipes, and shampoo. Easy Group is also planning […]

NI Capital, Ayady establish EGP 250 mn company to invest in media: State-owned investment bank NI Capital and state-owned fund Ayady have established a EGP 250 mn company to invest in digital and traditional media, according to an emailed statement (pdf). The new company, Creative Media Ventures (Ebda3), will focus on investing in up-and-coming media […]

LEGISLATION WATCH- The Investment Ministry issued amendments to the executive regulations of the Companies Act on Friday, minister Sahar Nasr said in a statement. As we noted last month, the amendments are the most sweeping changes to the regs of the Companies Act in 35 years, with 51 articles being amended. Amendments to the law […]

LEGISLATION WATCH- Can we please get some clarity on when the Automotive Directive might be ready for debate? In the latest update on the Automotive Directive, unnamed government sources tell Al Borsa that the act is expected to be issued some time in 2Q2018 — another delay in estimates on when the law will be […]

Indonesia overtakes Egypt as top global wheat buyer this year: Indonesia is set to overtake Egypt as the biggest importer of wheat in the world, the Financial Times reports. Indonesia is expected to import 12.5 mn tonnes for the 2017-2018 marketing year, surpassing Egypt. “Indonesia is now the leading global wheat importer,” according to US […]

“Extensive strain of gas” discovered off Cypriot coast: President Abdel Fattah El Sisi held a call with re-elected Cypriot President Nicos Anastasiades on Thursday to discuss cooperation “under agreements signed by them or those with Greece,” said a statement from Ittihadiya. Reading between the lines, this is a reaffirmation of the Economic Exclusive Zone (EEZ) […]