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Catalyst acquires Nilex adviser Delta Financial
Catalyst Partners has acquired Delta Financial Investments and laid out a plan to restructure the company, according to a press…
Banking + Finance
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EGX committee asks UNB to speed up delisting procedures
The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from…
Sarwa Capital concludes EGP 760 mn PHD securitization
Sarwa Capital announced that it has concluded the EGP 760 mn securitization of Palm Hills Development’s receivables portfolio, which was…
Redcon seeks EGP 1.7 bn loan to finance construction projects
Construction company Redcon has opened talks with local banks to get an EGP 1.7 bn revolving loan to finance development…
Seven banks agree to lend Al Marasem EGP 1.6 bn for New Cairo project
Seven banks have agreed to provide a EGP 1.6 bn Islamic loan to Al Marasem International for Development to finance…
DP in talks with Egypt banks for USD 500 mn Ain Sokhna port expansion
UAE’s DP World is in talks with banks in Egypt to arrange a USD 500 mn loan to finance its…
Flat6Labs to triple investment fund capital by 2Q2019
Cairo-based incubator Flat6Labs plans to triple the capitalization of its investment fund to EGP 150 mn during 2Q2019, according to…
CBE issues guidelines for last year’s directive requiring banks to follow IFRS 9
The Central Bank of Egypt has issued guidelines for a previously announced directive requiring banks to begin presenting their financial…
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