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What the markets are doing on 28 March, 2023
MARKET NEWS- Contact Financial Holding will pay out dividends of c. EGP 0.25 per share for 2022, after the company’s…
valU issues EGP 856.5 mn in securitized bonds
Total value of securitized debt taken to market is up 5% y-o-y so far this year
THIS EVENING: valU closes its fourth securitized bond issuance + Happy Mother’s Day
Good afternoon, ladies and gentlemen — and Happy Mother’s Day to all the mothers out there. THE BIG STORY TODAY…
Russia, Egypt look to boost investment and trade. PLUS: ADIB, Mastercard, Israel-Palestine
ADIB is also getting into sukuk
Kaf receives license to provide commercial life ins
EFG Hermes and GB Auto acquired 75% of the firm in 2020
Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara’s Ice Cream, FinMin appoints sukuk company board
Aman is working with a mystery Saudi partner to launch in the kingdom
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
HHD shareholders vote to scrap Heliopark tender
Parent company of Heliopolis Housing is in talks with Gulf investors who are interested in Heliopark
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