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Midar in takeover talks with Saudi investor Sumou
Sumou announced in September it plans to invest SAR 2 bn in Egypt in the next five years
Hassan Allam Properties, Midar partner with Saudi’s Sumou for Cairo hotel and entertainment projects totalling USD 2 bn
The investment targets hospitality and leisure projects
KSA’s Adeer wants to set up a real estate fund in Egypt
The fund will invest in residential, commercial, and administrative units
Adeer to set up mixed-use development in East Cairo alongside Paragon
The Saudi real estate developer has plans to partner with Egyptian companies on projects in Egypt and Saudi
Azimut one step closer to launching shariah-compliant fund after getting FRA approval. PLUS: Neom, LRT, Adeer + Hassan Allam Properties + Melee Development
The fund will invest in stocks listed on the EGX’s newly-launched shariah-compliant EGX33
CBE issues tighter regulations for financial leasing firms. PLUS: Hassan Allam + Sumou Holding JV, Magic Land Al Hokair, EGP 1.1 bn entertainment project, China hands over satellite center, EGP 1 bn auto assembly plant
The total credit facilities and investments made in the securitization portfolios of leasing companies should not exceed 5% of the…