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You can now short, buy on margin and day trade these EGX stocks
The EGX has shuffled its list of securities eligible for same-day trading, margin trading and short selling as part of…
ADIB Egypt to sell majority stake in subsidiary Cairo National Securities
Abu Dhabi Islamic Bank Egypt’s board has agreed to sell a 50.9% stake in subsidiary Cairo National Securities, according to…
Vodacom shareholders approve Vodafone Egypt acquisition
Vodafone Plc took a step closer to offloading its majority stake in Vodafone Egypt to its South African subsidiary yesterday…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
Int’l banking syndicate to provide gov’t with USD 2 bn Islamic + ESG loan
A syndicate of 10 regional and international banks are providing the USD 2 bn loan the Madbouly government is raising…
Earnings season is in full swing
Abu Qir Fertilizers reported an 88% y-o-y increase in its bottom line to EGP 1.3 bn in 1Q2021-2022, according to…
Edita raises Molto price points
Bestselling snack is getting (slightly) more expensive: Edita Food Industries raised the price of Molto by EGP 1 (pdf), and…
Tamweely could be in line for a total of EGP 500 mn in loans from local, foreign institutions
Microfinance player Tamweely is in talks with a syndicate of three local banks to obtain EGP 300 mn finance in…
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