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Fawry to launch in UAE this summer
Fawry has signed an agreement with Dubai Islamic Bank to launch a trial run in the UAE this summer, CEO…
BANKING + FINANCE
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BANKING + FINANCE
Qalaa Holdings completes final funding round for ERC
Qalaa Holdings has completed the final USD 120 mn funding round for its Egyptian Refining Company (ERC), including a capital…
Univert obtains EGX committee approval to begin delisting
Univert Food Industries has obtained approval from the EGX listing committee to begin procedures to voluntarily delist its shares, according…
MM raises issued capital to EGP 383 mn from EGP 306 mn
MM Group for Industry and International Trade (MTI) has increased its issued capital to EGP 383.6 mn from EGP 306.9…
Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according…
Industrial Development Bank to contribute USD 10 mn to El Canal Sugar’s loan
The Industrial Development Bank is providing USD 10 mn in a syndicated loan for El Canal Sugar Company, a bank…
Maridive commissions Grant Thorton to prepare a FV report
Maridive & Oil Services has named Grant Thorton as independent financial advisor to prepare a fair value report for the…
EFG announces cash dividends of EGP 0.65 / share from 12 June
EFG Hermes has announced cash dividends of EGP 0.65 per share payable starting 12 June, the company said in a…
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