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SEIC to conduct due diligence on CIRA ahead of acquisition plans. PLUS: News from TMG, Cleopatra, and Bokra
Baker Tilly will act as the transation’s financial advisor and prepare a fair value study for CIRA’s shares
Beltone and IL Cazar ink EGP 400 mn sale and leaseback agreement and factoring facility
The agreements include an EGP 200 mn sale and leaseback agreement and an EGP 200 mn factoring agreement.
Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors
The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory
A look at Egypt’s infrastructure spending priorities for FY 2024-25
Some EGP 186 bn will be allocated to urban development, with EGP 50 bn going to the real estate sector
Kastour teams up with China’s Foton to assemble electric buses. PLUS: Ashry Steel, Radwan, Mylerz, SODIC, RMBV
The buses will go to both public and privately-owned public transportation providers and the two companies
EFG Hermes ONE to launch a digital onboarding process. PLUS: GREGY tenders go live, Qatari developer eyes Sixth of October project
EFG Hermes One is the first in the country to get the green light from the FRA for the new…
How can Egypt boost real estate exports efforts?
Encouraging more int’l companies to open HQs in Egypt and attracting real estate funds could boost real estate exports
EGX-listed companies can now buy or sell treasury shares on the open or secondary markets. PLUS: CBE to start accepting all bids from weekly fixed-rate main operation auctions, Belmazad launches online real estate auction platform
The amendments aim to increase demand for treasury shares
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