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More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
Sodic mulls securitized bond sale as Aldar continues DD
Sodic is reportedly planning to go to market with an offering of securitized bonds “in the next few weeks,” Al…
Earnings Watch: Orascom Development, Arabian Cement, AT Lease
Orascom Development Egypt’s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn…
Deadline for compliance with North Coast land regs extended till years end
Real estate developers have until the end of the year to settle their reconciliationfees to regularize the status of their…
Moves: Tarek Tawfik elected AmCham president
AmCham Egypt has elected Tarek Tawfik (LinkedIn), chairman of the Cairo Poultry Group, as the new president for two years,…
Palm Hills taps market for second securitized offering in less than six months
Palm Hills Developments has approved a EGP 800 mn securitized bond issuance backed by its receivables, the company said in…
Also on our Radar on 27 April 2021
Elsewedy Electric subsidiary signs EGP 870 mn agreement for Delta regional control center: A consortium of Elsewedy Electric’s unit, Elsewedy…
Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
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