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Act Financial gets EGX approval for IPO in 2Q 2024
The investment firm expects to start trading its shares within two months.
What the markets are doing on 24 April, 2024
The EGX30 fell 3.2% at today’s close on turnover of EGP 3.8 bn (24.1% below the 90-day average). Local investors…
Shell, TotalEnergies eye Ruwais stake
Japanese trading firm Mitsui is also mulling a stake
EGX-listed companies can now buy or sell treasury shares on the open or secondary markets. PLUS: CBE to start accepting all bids from weekly fixed-rate main operation auctions, Belmazad launches online real estate auction platform
The amendments aim to increase demand for treasury shares
What the markets are doing on 23 April 2024
The EGX30 fell 4.9% at today’s close on turnover of EGP 3.7 bn (26.3% below the 90-day average). Local investors…
A quiet quarter for MENA equities
PLUS: Are you ready to trade New York equities around the clock?
Evolve to launch the country’s third gold investment fund in May
The fund will be launched in partnership with asset manager Al Ahly Pharos
Gov’t to offload its 46.6% stake in state-owned plastic maker Alamal Alsharif within weeks
The government wants to sell its stake to a strategic investor who will pay in USD.
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