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Introducing Egypt’s first SPAC
Good afternoon, friends. It’s another calm day for business news in Egypt as we inch closer to the weekend. THE…
Alexandria for Industrial Development to build USD 120 mn worth of turnkey factories for foreign companies. PLUS: United Bank, Fawry, Raya CX, eAswaaq + Post for Investment, Trellix
The company is currently setting up a pipe manufacturing facility for a Chinese investor
CBE to sell a stake in United Bank in IPO by 1 Q 2025
The CBE is in the process of obtaining the required approvals form the Financial Regulatory Authority and the EGX
FRA’s Farid highlights how the regulator brought new instruments + depth to the market
Farid spoke at EFG Hermes’ annual conference in London
FRA issues new regulations for delisting + SPACs
Fair value can now decide the price of minority shares for voluntary delisted companies
A recap of the region’s IPO activity over the last quarter
Saudi Arabia led IPO activity in the region during 2Q 2024
Egypt could soon welcome its first SPAC. PLUS: News from NREA, Raya, New Jersey Developments
Catalyst Partners has applied for a SPAC license
Dual-class share structures come to the LSE today + central bankers meet this week in Washington, London, and Tokyo
Plus: Apple is seen pushing its new AI features to updates that will start trickling out in October
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