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Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn
Raya Holding’s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of…
Banking
GCC-Egyptian consortium looking to acquire Emisal Salts for at least EGP 700 mn
M&A WATCH- A bidding war for Emisal Salts? A consortium made up of Kuwait’s Al Madar Finance and Investment and…
Misr Italia in talks with unnamed Egyptian banks for EGP 1.5 bn loan
Real estate developer Misr Italia is in talks with unnamed local banks to arrange EGP 1.5 bn in financing for…
Fawry to launch in UAE this summer
Fawry has signed an agreement with Dubai Islamic Bank to launch a trial run in the UAE this summer, CEO…
Egypt just got its first licensed SME-focused lender
Egypt just got its first licensed SME-focused lender: UK-based development finance institution CDC Group has been granted a license from…
Central bank to subsidize middle-income housing mortgage with EGP 50 bn
The Central Bank of Egypt (CBE) announced on Thursday it will provide EGP 50 bn to reintroduce subsidized mortgages for…
Qalaa Holdings completes final funding round for ERC
Qalaa Holdings has completed the final USD 120 mn funding round for its Egyptian Refining Company (ERC), including a capital…
Univert obtains EGX committee approval to begin delisting
Univert Food Industries has obtained approval from the EGX listing committee to begin procedures to voluntarily delist its shares, according…
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