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MAFI secures USD 180 mn for its agri-food project in Sadat City
The project is expected to begin operations in March 2026
Macro Group sees an uptick in 3Q net income after a difficult 9M. PLUS: Al Baraka Bank’s net income up 51.9% y-o-y in 3Q
Macro’s revenues also fell 46% y-o-y to EGP 319 mn
Ora Developers secures EGP 7 bn from banking consortium. PLUS: SODIC signs EGP 4.1 bn loan agreement with CIB, Banque Misr
CIB contributed some EGP 4 bn to the overall funding
Al Baraka Capital readies sharia-compliant industrial investment-, sport-focussed funds
Al Baraka Capital is also currently working on three sukuk issuances worth EGP 9 bn
Moataz Elkasaby has been named Al Baraka Bank COO
Elkasaby has spent nearly thirty years in the banking sector
Telecom Egypt’s net income rose by 25% y-o-y in 2023. PLUS: Bolt, Danieli, Majid Al Futtaim, Fawry + PayMe, FABMisr, Al Baraka Bank
The company’s revenues were up 28% y-o-y to reach EGP 56.7 bn, which it attributed to higher data services and…
IFC backs SME on-lending with USD 50 mn shariah-compliant facility to Al Baraka Bank. PLUS: News from Visa, Valu, and Partment.
DEBT- Al Baraka lines up shariah-compliant financing from IFC: The International Finance Corporation (IFC) has agreed to lend USD 50…
EFG Hermes closes CIRA’s second future flow issuance
The issuance is part of a larger EGP 2 bn future flow securitized bond program
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