{"id":578284,"date":"2022-12-21T04:04:30","date_gmt":"2022-12-21T04:04:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/rameda-obtains-exclusive-rights-to-sell-physiomer-nasal-spray-in-egypt\/"},"modified":"2022-12-21T04:04:30","modified_gmt":"2022-12-21T04:04:30","slug":"rameda-obtains-exclusive-rights-to-sell-physiomer-nasal-spray-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/rameda-obtains-exclusive-rights-to-sell-physiomer-nasal-spray-in-egypt\/","title":{"rendered":"Rameda obtains exclusive rights to sell Physiomer nasal spray in Egypt"},"content":{"rendered":"

EGX<\/strong>-<\/strong><\/p>\n

#1- <\/strong>Watania Kuwatia<\/a><\/strong> could make its EGX debut as soon as January: <\/strong>Local agriculture player Watania Kuwatia is planning on making its market debut during 1Q 2023, Chairman Mohamed El Gammal reportedly told Al Borsa<\/a>. The company recently raised its capital from EGP 250 mn to 300 mn via a private subscription of shares, El Gammal said.<\/p>\n

About Watania Kuwatia: <\/strong>Established by a consortium of unnamed Kuwaiti and Egyptian investors in 2017, the company owns a sheep farm in Matrouh governorate and is building an EGP 60 mn brick factory in Ain Sokhna, according to Al Borsa.<\/p>\n

#2- Amer demerger: <\/strong>Amer Group shareholders approved a plan to spin off some of the company\u2019s activities into a separate firm dubbed A Capital Holding with the intention of listing it on the bourse, it said in an EGX disclosure (pdf)<\/a>.<\/p>\n

MANUFACTURING\u2013<\/strong><\/p>\n

China\u2019s Jushi has started operations at its new USD 320 mn fiberglass production <\/strong>line<\/strong>, upping the capacity of its factory in the TEDA trade zone to 250k tons from 50k tons, the Suez Canal Economic Zone said in a statement<\/a> Friday.<\/p>\n

SCZone head Walid Gamal El Din plans to visit China in 1H 2023 to promote investment in local green fuel feeder industries<\/strong>, he told Chinese Ambassador to Cairo Liao Liqiang at the inauguration of the Jushi production line.<\/p>\n

Cooperation with Malaysia on our <\/strong>vegetable oil localization drive<\/a><\/strong>: <\/strong>TheEgyptian<\/a>Commercial Service<\/a> is in talks with Malaysian authorities to build a USD 30 mn palm oil processing factory in the Suez Canal Economic Zone for export to the African continent, Al Borsa<\/a> reports. A USD 10 mn bottling plant would be built in a first phase, with a USD 20 mn refinery to follow. Malaysia is one of the world\u2019s biggest producers of palm oil.<\/p>\n

PHARMA-<\/strong><\/p>\n

Rameda Pharma acquired the exclusive rights to sell nasal decongestant spray <\/strong>Physiomer<\/strong> in Egypt, in what it says is a \u201cstrategic entry point into the medical devices segment,\u201d according to a statement (pdf)<\/a> yesterday.<\/p>\n","protected":false},"excerpt":{"rendered":"

EGX- #1- Watania Kuwatia could make its EGX debut as soon as January: Local agriculture player Watania Kuwatia is planning on making its market debut during 1Q 2023, Chairman Mohamed El Gammal reportedly told Al Borsa. The company recently raised its capital from EGP 250 mn to 300 mn via a private subscription of shares, […]<\/p>\n","protected":false},"author":1,"featured_media":578285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,832,68,72,131,427,449],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-amer-group","tag-egx","tag-enterpriseam","tag-manufacturing","tag-pharma","tag-rameda-pharma","wpautop","entry"],"acf":{"mongo_id":"9ef60726-f763-4657-8cd4-e9da0bd3af7f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/457.jpg","photo_position":"above","related_issue":[578261],"teaser":"","voice_url":""},"yoast_head":"\nRameda obtains exclusive rights to sell Physiomer nasal spray in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/21\/rameda-obtains-exclusive-rights-to-sell-physiomer-nasal-spray-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rameda obtains exclusive rights to sell Physiomer nasal spray in Egypt\" \/>\n<meta property=\"og:description\" content=\"EGX- #1- Watania Kuwatia could make its EGX debut as soon as January: Local agriculture player Watania Kuwatia is planning on making its market debut during 1Q 2023, Chairman Mohamed El Gammal reportedly told Al Borsa. 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The company has submitted a non-binding letter of interest to GSK\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576144,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/11\/earnings-watch-rameda-edita-sarwa-ci-capital-amer-group\/","url_meta":{"origin":578284,"position":1},"title":"Earnings watch: Rameda, Edita, Sarwa, CI Capital, Amer Group","author":"enterpriseam admin","date":"11 November 2020","format":false,"excerpt":"EARNINGS WATCH- Rameda profits soar in 3Q2020: Rameda Pharma reported 134% bottom line growth during 3Q2020, with net profits rising to EGP 24.9 mn from EGP 10.7 mn last year, according to a company earnings release (pdf). Revenues remained flat during the three-month period, coming in at EGP 235.4 mn,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591422,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/rameda-pharma-retail-subscription-surges-on-final-day-offering-closes-33x-oversubscribed\/","url_meta":{"origin":578284,"position":2},"title":"Rameda Pharma retail subscription surges on final day, offering closes 33x oversubscribed","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"Retail appetite for Rameda\u2019s IPO surgest on last day; offering closing 36.3x oversubscribed: Retail investors poured into Rameda Pharma\u2019s 5% public offering on the final day of subscription yesterday, leading the retail component to close 36.3x oversubscribed, Al Mal reports. Investors had placed orders for 683.22 mn shares by the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/626.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609582,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/07\/pico-and-kufpec-want-to-invest-usd-119-5-mn-in-gulf-of-suez-exploration-plus-equinox-ups-stake-in-rameda-uae-embassy-move-power-generator-plant\/","url_meta":{"origin":578284,"position":3},"title":"Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant","author":"enterpriseam admin","date":"7 November 2023","format":false,"excerpt":"The two companies also requested 20-year licenses for the concession","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/332.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545083,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/earnings-watch-amer-group\/","url_meta":{"origin":578284,"position":4},"title":"Earnings watch: Amer Group","author":"enterpriseam admin","date":"2 March 2022","format":false,"excerpt":"EARNINGS WATCH- Amer Group\u2019s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn, according to the company\u2019s financials (pdf). Revenues increased 29% y-o-y to EGP 1.8 bn in 2021.MARKET ROUNDUP- The EGX30 fell 0.8% at today\u2019s close on turnover of EGP 829 mn (17% below the 90-day average). Foreign\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546085,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/pif-subsidiary-ups-stake-in-egx-listed-rameda-el-garhy-buys-natl-glass-and-crystal-from-adib-egypt\/","url_meta":{"origin":578284,"position":5},"title":"PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat\u2019l Glass and Crystal from ADIB Egypt","author":"enterpriseam admin","date":"27 April 2022","format":false,"excerpt":"Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma, raising its total stake to 11.01%, the EGX announced (pdf) yesterday. SSIC, a subsidiary of the Public Investment Fund (PIF, KSA\u2019s sovereign wealth fund), purchased 65 mn shares for EGP\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578284"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578284\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578285"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578284"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578284"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}