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Aldar, ADQ launch bid for SODIC
The UAE’s Aldar Properties and sovereign wealth fund ADQ has submitted a mandatory tender offer for up to 90% of…
EGX could open the door for SPACs
Egypt could be welcoming SPACs soon, after EGX boss Mohamed Farid suggested amendments to listing rules that would allow Egyptian…
TONIGHT: EGX seems to be interested in SPACs too + Fawry to launch a consumer finance company ALSO: Read this satire on startup culture
Good afternoon, ladies and gentlemen, to an uncharacteristically slow September news day that was pierced by new capital markets regulations.…
Egypt sees blockbuster 1H2021 for M&A
Boom time for Egypt M&A: The value of M&A transactions in Egypt more than quadrupled y-o-y during the first half…
Speed Medical pays shareholders EGP 4 mn to extend acquisition timeline
Speed Medical announced that it had paid New Al Safwa Specialized Hospital’s shareholders EGP 4 mn in June as part…
Cairn Energy expects to finalize Shell Egypt acquisition by end of September
Cairn, Cheiron could replace Shell in the Western Desert before the month is out: Cairn Energy and partner Cheiron expect…
TONIGHT: It’s a slow afternoon for news in Egypt
Happy hump day, ladies and gents. We hope you (and the kids) are excited that we’re now on the downhill…
Egypt has been one of the Middle East’s M&A hotspots so far in 2021
Egypt saw a strong pickup in M&A activity during the first six months of the year, becoming one of the…
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