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FRA grants short selling licenses to 51 brokerages
The Financial Regulatory Authority has granted short selling licenses to 51 brokerage firms, an unnamed FRA official tells Reuters. We…
Banking + Finance
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Midor Electricity wants EGP 485 mn EUR loans to raise capacity of power plant
Midor Electricity (Midelec) is negotiating with local private and state-owned banks, including the National Bank of Egypt, to obtain a…
Tamweely seeks EGP 300 mn in loans from two Egyptian banks
Tamweely Microfinance is negotiating with two unnamed banks to borrow EGP 300 mn to increase its women-focused funding portfolio and…
Raya to issue securitized bonds worth EGP 500 mn
The Financial Regulatory Authority has signed off on Raya Holding’s plans for its second EGP 497.5 mn securitized bond issuance…
GB Auto’s Drive plans a second securitized bond issuance
GB Auto’s consumer finance arm Drive plans to move ahead with its second securitized bond issuance over the next year,…
Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store
Fawaz AlHokair Group’s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a…
Tawriq signs EGP 500 mn securitization issuance
Arabia Investment’s Tawriq for Securitization will issue EGP 500 mn of asset-backed securities for Raya Holding, pending the approval of…
Egypt’s Misr Travel seeks EGP 150 mn loan from EBRD
The Holding Company for Tourism and Hotels subsidiary Misr Travel is in talks to borrow EGP 150 mn from the…
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