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National Bank of Egypt ups stake in Fawry — is a stake sale to ADQ next?
Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled…
THIS MORNING: Maait meets with IMF head + European countries are preparing to ration gas as Russia standoff continues
Well, friends, we’ve made it through another workweek together — and we now have just two more days left until…
Earnings watch: MM Group
EARNINGS WATCH- MM Group’s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021, according to the company’s financials…
Arabia Investments wins appeal in years-long lawsuit against Peugeot
A Cairo court has upheld Arabia Investments Holding’s appeal in its years-long EUR 150 mn lawsuit against Peugeot, filed in…
CIB to distribute dividends to shareholders next Thursday
MARKET NEWS- CIB will distribute next Thursday dividends to its shareholders on 1.98 bn shares at EGP 1.35 per share,…
Khazna wants a SPAC to call its own
Fintech startup Khazna could set up a SPAC in 2024, a company spokesperson told Enterprise, confirming a report from Al…
Market roundup on 27 March
The EGX30 fell 1.4% at today’s close on turnover of EGP 1.0 bn (3% above the 90-day average). Foreign investors…
Earnings watch: Alexandria New Medical Center
EARNINGS WATCH- Alexandria New Medical Center’s net income rose 27% y-o-y to EGP 26.45 mn in FY 2021, according to…
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