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Arabia Holding secures EGP 800 mn loan from Banque Misr
Egyptian real estate joint stock company Arabia Holding secured a six-year EGP 800 mn loan from state-owned Banque Misr under…
Swvl, New Capital company eye debuts on EGX
Swvl could debut on EGX in 2022-2023: Mass transportation startup Swvl is considering an initial public offering on the Egyptian…
SKY AD plans to invest over EGP 4 bn in 2 projects in Egypt by year’s end
UAE-based Diamond Group’s subsidiary Sky AD Developments will invest over EGP 4 bn in two projects in Egypt by the…
MNHD’s consolidated net income down 53% in 1H2021
Madinet Nasr Housing and Development’s (MNHD) consolidated net income fell 53% y-o-y in 1H2021 to EGP 228.6 mn, down from…
Emaar Misr net income doubles in 2Q2021
Emaar Misr’s net income almost doubled in 2Q2021 to EGP 801.1 mn, up from EGP 409 mn in the same…
GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients
Grant Thorton assigned to evaluate GSK Egypt’s assets: The board of GlaxoSmithKline Egypt has agreed to hire Grant Thorton as…
Also on our Radar on 28 July 2021
Tobacco and molasses manufacturing facilities have until the end of this year to legalize their status under a decision (pdf)…
Sodic closes EGP 343 mn securitized bond sale
Upmarket developer SODIC has closed a EGP 343 mn securitized bond sale backed by a receivables portfolio of nearly EGP…
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