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Industry players are hoping for a fresh gov’t support package after the EGP float
Any fresh financing initiative for industry would likely see interest rates 20% higher than the last 11% package
EFG Holding posts a record EGP 14.7 bn revenues in 2023
Growth was underpinned by robust growth across EFG Hermes, aiBank, and Valu
Banks’ capital adequacy ratio saw a minor decline in 2023
Non-performing loans to total loans edged down to 3% at the end of 2023 from 3.4% a year earlier
Valu plans to IPO within a year + Jordan expansion pushed back
EFG Hermes will act as the financial advisor for the transaction
THIS EVENING: Valu plans to IPO within a year + CBE cancels its MPC meeting
Good afternoon, folks, and happy almost-THURSDAY, which can’t come fast enough when it’s Ramadan. THE BIG STORY TODAY #1- Valu…
Admaius inks strategic partnership with local pharma player. PLUS: News from Madinet Masr, ACDIMA, Social Housing Fund
Matouk Bassiouny advised Admaius Capital on the transaction and Zilla Capital was the sole financial advisor to Parkville
S&P upgrades Egypt’s credit outlook to positive
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit.
Foreign investors are loving Egypt post float
The CBE raised EGP 217.9 bn-worth of one-year t-bills and EGP 46.8 bn-worth of six-month t-bills on Thursday
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