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Beltone wants to acquire a local microfinance player
Beltone in July closed an EGP 10 bn capital increase
Aman Financial Services issues securitized bonds, GlobalCorp plans new issuance
New issuances are up more than 2x on last year in EGP terms
Singapore chemicals firm eyes Egypt. PLUS: EgyptAlum, valU and a USAID-backed entrepreneurship initiative
The company signed an MoU with the Sovereign Fund of Egypt yesterday
AXA Egypt has a new CEO as Kandeel takes international role
Current CEO Ayman Kandeel has been promoted to a leadership role in AXA International Markets
Taqa Arabia shareholder sells 20% stake. PLUS: Beltone’s SODIC office building buy, Qalaa to study green aviation fuel with French firm — and more
The block trade comes three weeks after the company’s shares began trading on the EGX
Beltone’s record EGP 10 bn capital increase closes, sees foreign institutions take stakes
Second phase of rights issue was c. 5.5x oversubscribed
Fintech player Flash closes USD 6 mn seed round
Flash will use the funds to accelerate its product development
Private equity firms eye 25% stake in Al Ahly Momkn
Ahli Capital owns 75% of Al Ahly Momkn
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