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Infrastructure 
Palm Hills to embark on USD 300 mn project to set up 15 Saudi schools. PLUS: Contact Financial, Brotinni, ISIS Organic, EFG Hermes, Ayadi, Vacsera
The developer also has plans to set up ten schools in the Egyptian market
Valu closes first EGP 1.1 bn securitized bond issuance under new EGP 16 bn program
This is Valu’s 11th securitized bond issuance
TMG Holding, Contact Financial, Fawry report earnings
TMG Holding’s net income saw a “remarkable” 308% y-o-y increase during 1H 2024
OCI sells blue ammonia project for USD 2.4 bn. PLUS: News from Valu, KarmSolar, I-Score
The project will have a production capacity of 1.1 mn ton of blue ammonia per year during its first phase
Contact Financial is setting up an ins. consultancy firm. PLUS: News from Banque Misr, Visa, Misr Ins., Emaar Misr
The firm will have an initial capital of EGP 10 mn and will provide comprehensive ins. services
Valu raises EGP 1.2 bn in securitized bond issuance
The issuance is part of a larger EGP 9 bn program
Valu launches Ulter, a high-end finance platform for affluent customers
Ulter will compete on approval time and offer up to EGP 60 mn in financing for the purchase of goods…
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