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Unfavorable market conditions put Fawry’s US listing on hold
Fawry has postponed plans to list its shares in the US due to the current sell-off in US tech stocks,…
THIS EVENING: Fawry delays US listing indefinitely + Saudi’s Savola Group nears Egyptian Belgian Company acquisition + Ibnsina Pharma acquires El Shorouk Hospital
Good afternoon, ladies and gentlemen, and welcome to an already-busy start to the workweek. The news cycle is hitting the…
MSCI adds EFG Hermes to global standard index, e-Finance enters small-cap index
MSCI tweaks Egyptian firms included in its global indices: EFG Hermes has been added to MSCI’s standard equities index from…
Earnings Watch: SODIC, IDH, Fawry, Obour Land
Real estate giant SODIC’s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to…
ADQ makes grand entry into the EGX with USD 1.8 bn buy + launches first MENA SPAC with Chimera
Abu Dhabi wealth fund ADQ acquired state-owned stakes in five EGX-listed companies yesterday as part of an agreement reached last…
THIS EVENING: Five EGX-listed companies see stake purchases worth around USD 1.8 bn + Markets are looking to contain the fallout from EU’s embargo on Russian oil imports
Today seemed like a slow day — until it became the exact opposite of that. We’re flush with news today,…
THIS EVENING: Fawry confirms NBE’s 6% stake purchase + IFC snaps up 5% of IDH. Plus: Swvl hits the Nasdaq
Good afternoon, ladies and gentlemen — it’s finally the weekend, and while Thursdays are always cause for celebration, we can’t…
National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
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