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Sovereign Fund of Egypt’s authorized capital doubles to EGP 400 bn. PLUS: News from Sodic, Avanz Capital.
SFE chair Hala El Said said recently that the fund’s authorized capital will reach EGP 1 tn within three years
The Egyptian Securities Federation is finally a thing. PLUS: wheat talks, Air Cairo, Madbouly in South Africa, Fawry, Endeavor, and Neptune Energy
The ESF has been five years in the making
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
Mohamed Alabbar wants to redevelop gov’t buildings in downtown Cairo. PLUS: New oil find, more wheat incoming + budget flights from London to Cairo
Alabbar’s Emaar is planning to expand its presence on the North Coast
Apache to invest USD 1.4 bn in Egypt in 2024. PLUS: Cairo International Airport Terminal 4, another GASC wheat tender + new solar tender
The US oil company is interested in exploring for gas in the Eastern Mediterranean
Kharafi National borrows EGP 1.65 bn to expand in the local market
ADI Capital was the financial advisor on the loan
Thndr to debut in Saudi Arabia next year, says CEO. PLUS: News from aiBank, an export subsidy boost, and another wheat tender
The company is looking into acquiring a license in Abu Dhabi
Mienta to invest USD 5 mn in new factory in SCZone. PLUS: News from the National Dialogue, Dragon Oil, Heliopolis Housing + BanknBox
The factory will produce small home appliances and start operating in 2024
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