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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…
What the markets are doing on 11 March 2021
The global ETF industry is going from strength to strength: Assets managed by the global passive investment industry grew to…
SME fund lands EGP 280 mn in commitments from local banks
Catalyst Partners has secured EGP 280 mn in commitments from local banks for an EGP 500 mn SME investment fund…
Nile Scan isn’t partnering with Speed on Alex Medical bid
Nile Scan is bidding independently for a majority stake in Alexandria Medical Services and isn’t in talks to partner with…
New ridesharing app to challenge Uber’s local monopoly?
UK-based ridesharing app UVA is preparing to launch its services in Egypt next month, Al Masry Al Youm reports. The…
Elsewedy expands in South Asia
Elsewedy Electric has acquired two power transformer companies in Indonesia and Pakistan in transactions worth a combined USD 60 mn,…
Moves: Asraf Mohamed Negm tapped as NIB’s vice chairman, MD
Amer Group has appointed Riad Refaat (Linkedin) as CEO and managing director of the holding group, replacing the very recently…
Algebra to raise USD 50 mn in first close of second fund
Algebra Ventures is looking to raise USD 50 mn in 3Q2021 for the first close of its recently announced USD…
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