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Sameem Financial quits Prime Holding board after offloading stake
Activist investor Sameem Financial has resigned from the board of directors of Prime Holding, a company in which Sameem previously…
Ezdehar’s AluNile to acquire land for new Sadat City plant ‘within days’
Private equity outfit Ezdehar’s Nile Aluminum and Metals Company (AluNile) expects to complete “within days” it acquisition of land in…
Enterprise Explains: Corona bonds
Enterprise Explains: Corona bonds. The European Union made headlines last month after its maiden issuance of so-called “corona bonds” set…
Misr Clearing offloads 70% stake in Makkasa Sport to Estadat
M&A WATCH- MCDR offloads 70% stake in Makkasa Sport to gov’t-owned Estadat: Misr for Central Clearing and Depository (MCDR) has…
Al Ahly Capital acquires El Nada Hospital
M&A WATCH- Al Ahly Capital has reportedly completed its acquisition of 100% of healthcare player Cairo West, which owns El…
Fashion startup Brantu raises USD seven-figure investment
STARTUP WATCH- Online fashion marketplace Brantu has raised an undisclosed USD seven-figure investment in a series A funding round led…
Global FDI plunges 49% on covid lockdowns
Global foreign direct investment fell 49% y-o-y in 1H2020 as lockdowns across the world and recession fears caused a slowdown…
Bank ABC to wrap up due diligence on Blom Bank Egypt in mid-November
M&A WATCH- Bahrain’s Arab Banking Corporation (Bank ABC) will wrap up due diligence on Blom Bank Egypt in mid-November, ahead…
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