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AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties
M&A WATCH- AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties. Arab African…
Earnings Watch: QNB Al Ahli’s net profits fell 9% in 1H2020
EARNINGS WATCH- QNB Al Ahli’s net profits fell 9% y-o-y in 1H2020 to EGP 3.8 bn, according to an earnings…
National Bank of Egypt, IFC sign agreement to fund solar water pumps in agriculture; agreements with USAID and Canada
GERD aside (see Speed Round, above) It’s all about foreign funding for development and infrastructure projects this morning. The National…
Mashreq Bank taps Haitham Hammad as Deputy CEO, Maridive appoints Mohamed El Gamal as CEO
MOVES- Mohamed El Gamal (Linkedin) has been appointed as CEO of Maridive and Oil Services, a subsidiary of Maridive Group,…
Americana Egypt shareholders approve Adeptio offer price
M&A WATCH- Americana Egypt shareholders approve Adeptio offer price as market regulator approves share value methodology: Minority shareholders in Americana…
What we’re tracking on 12 July 2020
Good morning, friends, and welcome to another workweek. Oddly enough, we love writing to you on Sundays, but that’s not…
Ernst & Young values Americana Egypt’s shares at EGP 5 apiece
M&A WATCH- Ernst & Young values Americana Egypt’s shares at EGP 5 apiece: Ernst & Young has valued the Egyptian…
Export Development Bank granted factoring license
The Export Development Bank of Egypt has received a license from the Financial Regulatory Authority to offer factoring and registration…
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