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Gov’t appoints Compass Capital to promote its stake in EPP + TMG’s Icon finalizes acquisition of 51% in Legacy hotels
Compass will promote part of the government’s 22% stake in EPP to investors in the Gulf and China
Egypt could retain 20% in Ras El Hekma following sale to Gulf investor
The cabinet is currently reviewing “investment offers for important projects that are expected to generate huge resources of foreign currency”
Top real estate developers doubled their sales in 2023, says The Board Consulting
The real estate sector saw strong demand as buyers looked to hedge against FX volatility
TMG mulls new project in the North Coast. PLUS: News from Telecom Egypt and the CBE
TMG’s shares rose 10.3% yesterday to close at EGP 37.5
ADQ acquires stake in 7 Egyptian historic hotels through 40.5% share in TMG subsidiary
Abu Dhabi wealth fund ADQ acquired a 40.5% stake in Icon
Talaat Moustafa Group now owns a 39% stake in the state’s historic hotels company
Talaat Moustafa could increase its stake to 51%
Some investors are interested in state-owned Sinai Manganese. PLUS: Al Habtoor likes the SFE — and news from Suez Cement, TMG, Russian wheat
The company is one of 35 officially earmarked by the government for privatization
GB Corp, Raya CX, EKH Holding + TMG Holding report 1H earnings
We’re close to the end of 2Q earnings season
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