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FRA approves capital increase requests from MNHD, Porto Group, EG Bank, Naeem Holding
The Financial Regulatory Authority (FRA) approved on Thursday EG Bank’s request to raise its issued capital USD 22.5 mn to…
Banking
ADIA sells EGP 30.89 mn CIB stake
The Abu Dhabi Investment Authority (ADIA) has sold an EGP 30.89 mn stake in CIB, according to an EGX release.…
FRA to launch movable collateral assets registry next week
The Financial Regulatory Authority (FRA) is planning to announce the launch a movable collateral assets registry at a press conference…
CIB looks into arranging EGP 2 bn loan for Egyptian Steel
CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk.…
AT Lease targets EGP 1.2 bn contracts this year
Al Tawfeek Leasing (AT Lease) is targeting new financial leasing agreements worth EGP 1.2 bn in 2018, CEO Tarek Fahmy…
Global Lease sets up real estate assets management arm
Global Lease has set up a real estate assets management arm with an initial portfolio worth EGP 200 mn, CEO…
EFG Hermes Assets Management plans to grow AUM by up to 15% this year
EFG Hermes Asset Management plans to grow its assets under management 10-15% this year, Managing Director and head of Fixed…
CBE allows leasing firms to act as guarantors for loans under SMEs initiative
The CBE has reportedly approved having leasing companies act as guarantors for the loans SMEs take out under the central…
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