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Moves: Court of Cassation, TPay Mobile, Prime Holding
MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the…
Earnings watch: Sodic, GB Auto, Sarwa Capital report 2Q2020 results
EARNINGS WATCH- Sodic’s net profits fell 77% to EGP 40 mn in 2Q2020 fromEGP 175 mn during the same period…
Cabinet approves significantly tougher penalties for insulting gov’t employees
CABINET WATCH- Tougher (and more expensive) penalties for insulting state employees on duty under legislative changes to penal code: The…
El Nasr gives Odin Investments green light to start due diligence
M&A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works’ board of directors…
Banque Misr raises its stake in CI Capital to 15.12%
M&A WATCH- Banque Misr has increased its stake in CI Capital Holding to 15.12% from 13.72%, according to a disclosure…
EBRD extends further USD 100 mn for trade facilitation in Egypt
DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and…
Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
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