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TE wraps up 10% divestment with share sale to employees. PLUS: EFG to launch new SME lender
The company raised almost EGP 200 mn selling a 0.5% stake to employees
What the markets are doing on 28 May, 2023
EARNINGS WATCH- Talaat Moustafa Group reported around EGP 747.5 mn in net income in 1Q 2023, up about 32% y-o-y,…
Adnoc L&S IPO raises USD 769 mn following huge investor demand
The share sale was 163x oversubscribed
VAT break on pharma imports to prevent shortage. PLUS: More AfDB money for water, Tatweer Misr eyes KSA,
This is the latest measure aimed at beefing up stocks of raw materials and products for the pharma sector
Last week was heavy on investment news + keep an eye out for more privatization updates next week
Good morning, friends, and happy FRIDAY. It’s the last Friday before June — which means we’re inching ever closer to…
Enterprise Explains: The roles in a securitization issuance
Securitization issuances often come with a long list of jobs
What the markets are doing on 25 May, 2023
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.65 bn. Local investors were net buyers. The index…
Fed “less certain” about further rate hikes
Some Fed members thought the May meeting would be the final time the central bank would hike rates
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