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Orascom Investment to sell Pakistan internet subsidiary
Naguib Sawiris’ OIH to sell stake in Pakistan-based submarine cables business: Orascom Investment Holding’s board of directors has preliminarily approved…
Raya’s BariQ to be sold to Mamdouh Abbas’ Intro this week
Raya Holding will wrap up the sale of 100% of recycling subsidiary BariQ to Mamdouh Abbas’ Intro Group this week,…
SEII’s bid to acquire Al Babtain Egypt stake is over
Saudi Egyptian Industrial Investment won’t be acquiring a stake in Al Babtain’s Egypt unit: A bid by Saudi Egyptian Industrial…
UAE’s Dana Gas walks back on plans to offload Egypt assets
Sale of Dana Gas’ Egyptian assets breaks down: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
FAB begins share transfer in Bank Audi acquisition
First Abu Dhabi Bank (FAB) has begun the share transfer process in its acquisition of 100% of Bank Audi’s Egypt…
THIS MORNING: EBRD boss in town for second day + Italy’s recovery program looks a lot like Egypt’s
Good morning, wonderful people. One last sprint and we run headlong into the weekend. We’re unlikely to know before this…
Raya exits transport subsidiary Ostool
Raya offloads stake in transport arm: Raya Holding has signed an agreement to sell its 62.3% stake in shipping subsidiary…
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