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GTH completes delisting process from Egypt’s stock market
Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn)…
BANKING + FINANCE
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BANKING + FINANCE
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
Deadline for remaining GTH shareholders to sell shares through OPR is today
The EGX has set today as the deadline for Global Telecom Holding shareholders who did not sell their shares to…
CI Capital raises issued capital to EGP 800 mn
CI Capital’s shareholders have approved increasing the company’s issued capital to EGP 800 mn from EGP 544 mn, the company…
Egypt’s Nasser Social Bank taps Prime Holding as advisor for restructuring plans
Nasser Social Bank has tapped Prime Holding as an advisor for its restructuring plans, the first phase of which will…
Al Yosr Group to borrow EGP 1.1 bn from three banks
Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development…
BdC looks to issue EGP 20 bn in corporate financing by end of 2020
State-owned Banque du Caire (BdC) plans to issue EGP 20 bn in corporate loans by the end of 2020, an…
Egyptian market regulator grants Cairo Capital Securities short selling license
Cairo Capital Securities has joined the growing list of brokerage firms authorized by the Financial Regulatory Authority to short sell,…
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