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Corplease plans EGP 2 bn securitized bond issuance
CI Capital’s Corplease is planning a EGP 2 bn securitized bond issuance in early 2020 to finance local expansion, sources…
Banking
Fawry in talks to set up bank transfer service for Egyptians in GCC
E-payments platform Fawry is in talks with local and regional banks to set up a bank transfer service for Egyptians…
Egypt’s HDB Chairman Fathy El Sebai resigns
MOVES- Housing & Development Bank (HDB) Chairman Fathy El Sebai has resigned from his post for undisclosed reasons, Al Mal…
Egypt’s BdC reports 66% y-o-y jump in 9M2019 net profits
EARNINGS WATCH- Banque du Caire’s (BdC) net profits increased 66% y-o-y to EGP 3 bn in 9M2019, up from EGP…
Kenya’s regulators reviewing CIB bid to acquire a stake in Kenyan lower-tier bank
M&A WATCH- Kenya’s regulators reviewing CIB bid to acquire stake in Kenyan bank: CIB’s application to acquire an undisclosed stake…
What we’re tracking on 3 December 2019
Industry incentives announcement coming tomorrow, Amer says: Prime Minister Moustafa Madbouly will unveil tomorrow a package of measures designed to…
Mohamed Abbas Fayed appointed CEO of First Abu Dhabi Bank
MOVES- The Central Bank of Egypt has approved the appointment of Mohamed Abbas Fayed as CEO of First Abu Dhabi…
Ebtikar to invest EGP 35 mn in non-banking financing, e-payment apps in Egypt
Ebtikar to invest EGP 35 mn in non-bank financing, e-payment apps: B Investments’ Ebtikar for Financial Investment has earmarked EGP…
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