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Multiples Group serves as financial advisor on two healthcare M&As
Private equity and investment advisory firm Multiples Group is serving as financial advisor for two EGP 230-300 mn M&A transactions…
BANKING + FINANCE
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BANKING + FINANCE
Arabian Cement borrows EGP 231 mn from National Bank of Egypt
Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according…
ICON management makes mandatory offer to acquire company
Industrial Engineering Company for Construction and Development’s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a…
Banque Misr, NBE set growth targets for FY2017-18
Banque Misr is looking to secure a 20% growth average across its operational board in FY2017-18, Vice President Akef El…
EFSA approves establishment of Union Capital’s venture capital fund
The Egyptian Financial Supervisory Authority (EFSA) gave Union Capital the green light to launch the venture capital fund meant to…
CBE grants 10 banks licenses for electronic banking operations
The Central Bank has awarded e-banking licenses to 10 banks, Assistant Sub-governor Ayman Hussein told the press this weekend without…
Administrative Court refers Beltone’s lawsuit against EFSA, EGX to State Commissioners
The Administrative Court referred Beltone Financial’s lawsuit against the bourse and Egyptian Financial Supervisory Authority (EFSA) to the State Commissioners’…
Banque Misr arranging EGP 500 mn facility for Tanmeyah
Banque Misr is arranging a EGP 500 mn facility for micro financier Tanmeyah to fund upcoming expansion plans, sources in the…
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