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What the markets are doing on 17 December 2020
The EGX30 fell 0.7% yesterday on turnover of EGP 1.5 bn (9.5% above the 90-day average). Foreign investors were net…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
ODH offloading affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City…
Revenge of the Luddites
Ibnsina Pharma has ended its standoff with the Pharmacists Syndicate, announcing yesterday that it would walk back its acquisition of…
Suez Cement to delist from Egypt’s stock exchange
Suez Cement and its subsidiary Tourah Cement are planning to delist their shares on the EGX, after both companies’ board…
Nassef wants a bigger piece of the Knicks + Rangers
Nassef Sawiris plans to up his stake in owner of New York Knicks, Rangers: Sawiris’ family office NNS Holding is…
Blom Bank Egypt getting ready for its sale to Bank ABC?
Blom Bank Egypt is getting its ducks in a row ahead of its potential sale to Bahrain’s Bank ABC, amending…
Lorax Capital acquires “significant” minority stake in Dsquares in first investment by its new fund
Lorax Capital Partners has acquired a “significant” minority stake in loyalty services provider Dsquares through its LCP Fund II, the…
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