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ADQ makes grand entry into the EGX with USD 1.8 bn buy + launches first MENA SPAC with Chimera
Abu Dhabi wealth fund ADQ acquired state-owned stakes in five EGX-listed companies yesterday as part of an agreement reached last…
THIS EVENING: Five EGX-listed companies see stake purchases worth around USD 1.8 bn + Markets are looking to contain the fallout from EU’s embargo on Russian oil imports
Today seemed like a slow day — until it became the exact opposite of that. We’re flush with news today,…
OC named most valuable Egyptian brand
Brand Finance has named Orascom Construction as Egypt’s most valuable brand, valuing it at USD 558 mn. Rounding out the…
CIB to distribute dividends to shareholders next Thursday
MARKET NEWS- CIB will distribute next Thursday dividends to its shareholders on 1.98 bn shares at EGP 1.35 per share,…
Gov’t agrees USD 2 bn asset sale with Abu Dhabi wealth fund — and more GCC investments are probably in the pipeline
Accelerated sale of assets to Gulf investors will bring in fresh capital: We said yesterday that the Madbouly government would…
CIB reports another earnings record with 4Q/FY2021 results
EGX30 heavyweight CIB reported a 17% year-on-year rise in net income in 4Q2021, turning in an EGP 3.4 bn bottom…
GB Leases returns to securitization market with EGP 4.3 bn sale
GB Lease has completed the sale of EGP 4.3 bn of securitized bonds to investors, according to a statement (pdf)…
NBE ups stake in CIB
MARKET ROUNDUP- The EGX30 fell 0.1% at today’s close on turnover of EGP 908 mn (29.8% below the 90-day average).…
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