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Barclays getting a name change to Attijariwafa Egypt
Barclays outlets in Egypt be rebranded Attijariwafa Egypt in November, according to Al Borsa. Morocco’s Attijariwafa bought Barclays Egypt operations…
BANKING + FINANCE
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BANKING + FINANCE
Banque Misr plans to exit investments worth EGP 10 bn in FY2017-18
State-owned Banque Misr is planning to exit private equity investments worth EGP 10 bn during FY2017-18, Vice Chairman Akef El…
HC Securities managing transactions worth USD 600 mn
HC Securities is currently managing M&A transactions worth USD 600 mn, some of which involve foreign investors, the firm’s managing…
China Development Bank signs loan agreements with SAIBANK, Banque Misr
The China Development Bank (CDB) signed an agreement with SAIBANK to provide it with a USD 40 mn loan for…
NBE considers setting up factoring business
National Bank of Egypt is considering launching factoring services,Vice President Yehia Abou El Fotouh also said, according to AMAY.
Premiere Holding considers launching agriculture, real estate investment funds
Boutique investment firm Premiere Holding is considering setting up a EGP 200 mn fund to invest in agriculture by the…
EGX gives companies not meeting listing requirements two months to present plans
The EGX has decided to notify companies that do not meet the listing regulations and gave them six months to…
Egypt Aluminum planning a EGP 450 mn capital increase
Egypt Aluminum is planning a rights issue, nearly doubling its capital to EGP 1 bn from EGP 550 mn, according…
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