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Castle Development to list shares on EGX by 2021
IPO WATCH- Real estate developer Castle Development plans EGX listing in 2021: ABC Construction Company subsidiary Castle Development is planning…
Egypt to establish EGP 6 bn company to manage monorail project
Egypt will set up a new EGP 6 bn company to manage the monorail project, Planning Minister Hala El Said…
Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
Sovereign wealth fund capital to quintuple to EGP 1 tn
Speaking of the sovereign wealth fund: Egypt’s SWF will see its initial capital rise fivefold to EGP 1 tn from…
Emerald Real Estate Investment to list a stake on EGX
IPO WATCH- Odin Investments seeks to IPO subsidiary on EGX: Real estate investment firm Emerald is seeking approval from the…
Aramco’s IPO is moving forward, as MbS gives it the green light
IPO WATCH- Aramco’s IPO is moving forward as MbS appears to accept valuation of less than USD 2 tn: Saudi…
Could military-owned companies be set to list on the EGX?
PRIVATIZATION WATCH- Could military-owned companies be set to list on the EGX or sell stakes to the private sector? President…
Egypt’s NUCA signs EGP 365 mn electromechanical work contract with Elsewedy Electric
Elsewedy Electric announced yesterday signing a new EGP 365 mn contract with the New Urban Communities Authority to develop the…
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