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Bank Audi considers exiting Arabeya Online Brokerage
Bank Audi is considering exiting its investment in Egypt’s Arabeya Online Brokerage, sources close to the matter tell Al Borsa.…
Banking
Two banks to finance USD 4 mn LCs for LG new washers production line
LG inked an agreement with two unnamed state-owned banks that will see it receive a monthly USD 4 mn in…
EFSA and EBRD look into developing short-term debt instruments in Egypt
The Egyptian Financial Supervisory Authority (EFSA) is looking into the prospect of issuing short-term debt instruments in cooperation with the…
CBE, Nile University sign agreement to support SMEs
The CBE signed a five-year agreement with Nile University to support entrepreneurs, according to a statement from the central bank.…
Consortium of investors make mandatory tender offer for Bitumode
A consortium of investors is making a mandatory tender offer for the remaining 34% of the Modern Company For Waterproofing…
Cairo Financial Management looking to manage two government funds
Cairo Financial Management — a subsidiary of Cairo Financial Holding — will be managing two government funds soon, Director of…
Multiples Group serves as financial advisor on two healthcare M&As
Private equity and investment advisory firm Multiples Group is serving as financial advisor for two EGP 230-300 mn M&A transactions…
Arabian Cement borrows EGP 231 mn from National Bank of Egypt
Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according…
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