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Raya BOD agrees to Medhat Khalil’s MTO
M&A WATCH- Raya board agrees to Medhat Khalil’s MTO: Raya Holding’s board of directors has approved a mandatory tender offer…
Audi CEO Fayed steps down
MOVES- Mohamed Abbas Fayed (bio) has resigned as CEO and managing director of Bank Audi, effective end-April, Al Mal reports.…
What we’re tracking on 28 March 2019.
It’s interest rate day and the consensus seems to be that the central bank will cut rates today ahead of…
Uber, Careem sign agreement to proceed with acquisition
M&A WATCH- Uber is acquiring Careem in a USD 3.1 bn transaction, making Careem the MENA region’s most valuable ‘unicorn’…
Uber and subsidies keep talking heads busy on a quiet night
Uber’s acquisition of regional rival Careem was (unsurprisingly) all over the airwaves last night. Our friend Khaled Ismail, chairman of…
Pioneers Holding seeking to exit some of its subsidiaries, increase stake in others
Pioneers Holding is looking at a partial or complete exit from some of its 60 units, and plans to increase…
State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort
State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in…
GTH kicks to 26 June general assembly meeting to vote for EGP 11.2 bn capital increase
Emerging markets telecom operator Global Telecom Holding (GTH) has postponed to 26 June its general assembly meeting to vote for…
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