{"id":676552,"date":"2025-12-02T00:00:00","date_gmt":"2025-12-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/"},"modified":"2025-12-02T00:00:00","modified_gmt":"2025-12-02T00:00:00","slug":"third-local-sukuk-issuance-was-2x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/","title":{"rendered":"Third local sukuk issuance was 2x oversubscribed"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, friends. <\/strong>We have a relatively brisk news day on our hands today, led by news of an upcoming hike to electricity prices and the budget deficit widening again. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/omny.fm\/shows\/enterpriseam-egypt\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/780.jpg?ssl=1\"\/><\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another cool day in Cairo, with a high of 23\u00b0C and a low of 14\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a little cooler in Alexandria<\/strong>, with a high of 22\u00b0C and a low of 13\u00b0C.<\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>#1- The General Authority for Investment and Freezones will begin a full <\/strong><strong>re-engineering of investment procedures in January <\/strong>as part of its plan to launch a single electronic platform for all investor licensing, approvals, and follow-up services, the authority said in a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02kMahmvpUHE92QyqQHeXHmFzLCD6Lit11gHHMPJbNcDxsRFd5yx9CgGWVR4USSarsl\" style=\"\" rel=\"noopener\">statement<\/a>. The digital portal will centralize permits, streamline processes, reduce human intervention, and offer investors a unified interface for interacting with government agencies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2-<\/strong> <strong>The Finance Ministry plans to auction off a total of 500k quintals of cottonseed <\/strong><strong>over the next year<\/strong>, government sources told EnterpriseAM. The first auction will see the ministry sell around 20k quintals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sales will take place through the Egyptian Mercantile Exchange<\/strong>, the sources said. The government is preparing an incentive package to encourage companies to register on the exchange ahead of the first auction. The ministry also plans to add three more commodities to the platform next year to expand participation and attract more private-sector traders to the exchange.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is also working with relevant authorities to refine trading mechanisms <\/strong><strong>and increase activity on the exchange<\/strong>, according to the sources. Efforts are underway to resolve the technical and administrative hurdles that have previously hindered trading.<\/p>\n<p class=\"tag-border-left\">FROM THE DEBT MARKETS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt3\"><\/a> <strong>The Central Bank of Egypt has sold USD 961 mn worth of one-year, <\/strong><strong>USD-denominated treasury bills<\/strong> at an average yield of 3.75%, according to its <a target=\"_blank\" href=\"https:\/\/www.cbe.org.eg\/en\/auctions\/usd-t-bills\" style=\"\" rel=\"noopener\">website<\/a>. The issuance was oversubscribed, receiving a total of 19 bids worth over USD 1 bn for the bank\u2019s planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/623260c4-b8e7-4370-8ab6-806d01f18944\/el-sisi-directs-authorities-to-launch-second-package-of-tax-facilities\" style=\"\" rel=\"noopener\">USD 950 mn<\/a> offering. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt4\"><\/a> <strong>AND- The Finance Ministry sold EGP 5.5 bn worth of local sovereign sukuk<\/strong> in its third issuance under the country\u2019s first-ever local sukuk offering, according to official data. The three-year, EGP 4 bn ijara issuance \u2014 a leasing-based Islamic security \u2014 attracted an order book of EGP 8.2 bn from 28 bidders. The auction is one of three planned for December, with a combined value of EGP 14 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The strong demand follows the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/92c6fa32-e058-4b0c-92d1-8c2d1fd27fdf\/egypt%e2%80%99s-second-local-sukuk-issuance-was-11x-oversubscribed\" style=\"\" rel=\"noopener\">second sukuk<\/a> issuance in mid-November, which drew bids worth nearly 11x the offering size, prompting the ministry to expand its December issuance schedule. The sukuk program aims to raise a total of EGP 200 bn by June 2026. <\/p>\n<p class=\"tag-border-left\">SMART POLICY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Financial Regulatory Authority has issued its first unified and <\/strong><strong>comprehensive manual covering every service it provides across the non-bank financial system<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0yShfgfExyFZKeY9XcytsdZYQp4YruUk6yJrjr2tyEJXygkJUPp7nVjAKLTzUs8ecl\" style=\"\" rel=\"noopener\">statement<\/a> from the regulator. The authority positions the manual as a pillar of its strategy to enhance transparency, improve the business environment, and strengthen Egypt\u2019s ability to attract domestic and foreign investment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The authority will update the document on a rolling basis <\/strong>to ensure alignment with global regulatory developments, inviting all market participants to use it as the official and sole reference for dealings with the regulator.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to take a look yourself? <\/strong>You can check out the guide <a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/%D8%AE%D8%AF%D9%85%D8%A7%D8%AA-%D8%A7%D9%84%D9%87%D9%8A%D8%A6%D8%A9\/?fbclid=IwY2xjawOalf1leHRuA2FlbQIxMABicmlkETFLR0s0b011dURaRlJHVnJFc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHsULIOYlOw77zjf0OT0WR_dduglZ2jTNGGAG8b9s3750PjgVEVnaD0Mp-vTT_aem_ooprrq-0T0PndsC8rB6_Hg#_\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SUKUK WATCH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Weekly sukuk roundup: <\/strong>The yield to maturity on Egypt\u2019s February 2026 sovereign sukuk rose to 7.07% on Friday, up from 6.76% the week before, according to the Egyptian Financial Company for Sovereign Taskeek\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/12\/61.pdf\" style=\"\" rel=\"noopener\">weekly report (pdf)<\/a>. The sukuk traded lower at USD 100.88, compared to USD 101.03 a week earlier. <\/p>\n<p class=\"tag-border-left\">HAPPENING TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>It\u2019s day two of the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.egyptdefenceexpo.com\/\" style=\"\" rel=\"noopener\">Egypt Defence Expo (EDEX)<\/a><\/strong><strong> at the Egypt International <\/strong><strong>Exhibition Center. <\/strong>The event, which is running until Thursday, will showcase the latest land, sea, and air defense technologies. The event is expected to bring together over 40k visitors to check out the 450 exhibiting companies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HAPPENING TOMORROW-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Non-oil private sector growth activity to break its eight-month streak in the red? <\/strong>S&P Global will release PMI figures measuring non-oil private sector activity for November tomorrow. Last month\u2019s report came with encouraging news, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/272a98fd-8af5-4ec5-83cc-fce010addbc1\/non-oil-private-sector-contraction-eases-in-october\" style=\"\" rel=\"noopener\">with the index edging up to 49.2<\/a>, 0.8 points short of the 50.0 threshold that separates growth from contraction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">Have you checked out EnterpriseAM MENA <> India? It's our newest briefing tracking one of the world's most dynamic trade, investment, and cultural corridors. Every Monday, Wednesday, and Friday, we'll track the transactions, trends, and market moves connecting these two dynamic regions. The flow of capital, talent, and trade between MENA and the Indian subcontinent is one of the most important economic stories in the world \u2014 and we\u2019re telling as only we can.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">If you\u2019re investing, trading, or scouting for your next big move in MENA or India, subscribe to EnterpriseAM MENA <> India by tapping <strong><a target=\"_blank\" href=\"https:\/\/sub.ent.news\/mena-india\" style=\"\" rel=\"noopener\">here<\/a><\/strong> to get the strategic intelligence you need.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>European leaders reaffirmed support for Ukraine during President Volodymyr <\/strong><strong>Zelenskiy\u2019s visit to Paris<\/strong>, where he met French President Emmanuel Macron and joined a call with other EU leaders to coordinate positions on a revised US peace. The updated plan, which is still under negotiation, follows two rounds of US-Ukrainian talks and is expected to be reviewed in Moscow this week, where Trump\u2019s special envoy Steve Witkoff will brief Russian President Vladimir Putin. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/europe\/zelenskiy-says-tough-issues-still-need-be-resolved-after-florida-talks-2025-12-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/12\/01\/us\/trump-news\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c1m8nmx75evo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/europe\/20251201-macron-calls-for-europeans-to-have-a-seat-at-the-table-in-ukraine-negotiations\" style=\"\" rel=\"noopener\">France24<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND IN BUSINESS NEWS-<\/strong> Global stocks and cryptocurrencies fell yesterday as investors turned cautious ahead of key US economic data and the Federal Reserve\u2019s 10 December policy meeting. The sell-off followed weeks of volatility driven by concerns over AI stock valuations and uncertainty about the economic outlook. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/1fa982a7-90b9-4499-bdb5-cf95ac61c75c\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/global-markets-global-markets-2025-12-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-30\/asia-set-for-cautious-open-ahead-of-busy-data-week-markets-wrap\" style=\"\" rel=\"noopener\">Bloomberg<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong>OpenAI has acquired a stake in Thrive Holdings, a private equity firm set up by top OpenAI backer Thrive Capital, in a new agreement that deepens the AI company\u2019s ties with its investors and partners. The arrangement gives OpenAI a \u201cmeaningful\u201d share in Thrive Holdings \u2014 which acquires and modernizes service firms like accounting and IT providers using AI. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/53e2003e-c5c0-42a1-937a-eaea77ac4d41\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/openai-buys-stake-thrive-holdings-push-ai-into-accounting-it-services-2025-12-01\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-01\/openai-takes-stake-in-thrive-holdings-adding-to-circular-deals\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/12\/01\/open-ai-thrive-holdings-enterprise-ai.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/12\/01\/business\/dealbook\/openai-thrive-holdings-ai.html\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We look at how while AI is straining global energy systems, it may also be opening a new pathway to create more sustainable energy systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, friends. We have a relatively brisk news day on our hands today, led by news of an upcoming hike to electricity prices and the budget deficit widening again. PSA- WEATHER- It\u2019s another cool day in Cairo, with a high of 23\u00b0C and a low of 14\u00b0C, according to our favorite weather app. It\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":676553,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[7106,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-676552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-debt","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"74b669e4-e3b2-4d30-a3d9-1ae83f120cae","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/11\/1565.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s third local sukuk issuance was 2x oversubscribed","related_issue":[676550],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/12\/.18b0493e-3077-43e6-96a5-e0e7698e8e34.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Third local sukuk issuance was 2x oversubscribed - 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\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Third local sukuk issuance was 2x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. We have a relatively brisk news day on our hands today, led by news of an upcoming hike to electricity prices and the budget deficit widening again. PSA- WEATHER- It\u2019s another cool day in Cairo, with a high of 23\u00b0C and a low of 14\u00b0C, according to our favorite weather app. It\u2019s [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Third local sukuk issuance was 2x oversubscribed\",\"datePublished\":\"2025-12-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\"},\"wordCount\":1146,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"EnterpriseAM\",\"What We're Tracking Today\"],\"articleSection\":[\"What We're Tracking Today\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\",\"name\":\"Third local sukuk issuance was 2x oversubscribed - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-12-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Third local sukuk issuance was 2x oversubscribed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Third local sukuk issuance was 2x oversubscribed - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/","og_locale":"en_US","og_type":"article","og_title":"Third local sukuk issuance was 2x oversubscribed","og_description":"Good morning, friends. We have a relatively brisk news day on our hands today, led by news of an upcoming hike to electricity prices and the budget deficit widening again. PSA- WEATHER- It\u2019s another cool day in Cairo, with a high of 23\u00b0C and a low of 14\u00b0C, according to our favorite weather app. It\u2019s [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-12-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Third local sukuk issuance was 2x oversubscribed","datePublished":"2025-12-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/"},"wordCount":1146,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1","keywords":["debt","EnterpriseAM","What We're Tracking Today"],"articleSection":["What We're Tracking Today"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/","name":"Third local sukuk issuance was 2x oversubscribed - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1","datePublished":"2025-12-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/02\/third-local-sukuk-issuance-was-2x-oversubscribed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Third local sukuk issuance was 2x oversubscribed"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1565.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":591965,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/what-were-tracking-on-monday-23-december-2019\/","url_meta":{"origin":676552,"position":0},"title":"What we\u2019re tracking on Monday, 23 December 2019","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"The long-awaited cabinet shuffle materialized yesterday, bringing six new faces to the cabinet table and a handful of surprises, including Prime Minister Moustafa Madbouly being tapped to drum up investment in all of its flavors. We have chapter and verse in this morning\u2019s Speed Round, below. We also have a\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583579,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/15\/this-evening-will-misr-ins-holding-sell-a-20-stake-plus-credit-suisse-shares-hit-a-new-low\/","url_meta":{"origin":676552,"position":1},"title":"THIS EVENING: Will Misr Ins. Holding sell a 20% stake? PLUS: Credit Suisse shares hit a new low","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"Happy almost-THURSDAY, wonderful people. We\u2019re nearly at the end of what has shaped up to be a rather busy week. THE BIG STORIES TODAY #1- The EGX30 extended its slide today, closing 4.15% down to bring the index\u2019s year-to-date return to a slim 0.9%. Qalaa Holdings, Sidi Kerir Petrochemicals, and\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/EGX-1600px-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559839,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/07\/what-were-tracking-on-7-february-2021\/","url_meta":{"origin":676552,"position":2},"title":"What we\u2019re tracking on 7 February 2021","author":"enterpriseam admin","date":"7 February 2021","format":false,"excerpt":"Good morning, everyone, and welcome to a new workweek. You have 77 days left until your next holiday and c. 65 days left until Ramadan. Just sayin\u2019.IN THE HOUSE TODAY- CIT Minister Amr Talaat and Planning Minister Hala El Said will present their policy priorities to MPs today and tomorrow,\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559755,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/03\/what-were-tracking-on-3-february-2021\/","url_meta":{"origin":676552,"position":3},"title":"What we\u2019re tracking on 3 February 2021","author":"enterpriseam admin","date":"3 February 2021","format":false,"excerpt":"Good morning, friends, and welcome to a very busy newsday as we spin into the home-stretch of the week. THE BIG STORY AT HOME- Travelers from Egypt and 19 other destinations will be barred from entering Saudi Arabia as of today as the kingdom tries to curb the spread of\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559194,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/13\/what-were-tracking-on-13-january-2021\/","url_meta":{"origin":676552,"position":4},"title":"What we\u2019re tracking on 13 January 2021","author":"enterpriseam admin","date":"13 January 2021","format":false,"excerpt":"We have plenty of news for you on this fine Wednesday morning, starting with a surprise announcement from the Central Bank of Egypt that the nation\u2019s banks cannot distribute cash dividends for fiscal year 2020, though they may issue dividends in the form of stock. The decision is meant to\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551305,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/08\/this-evening-household-electricity-bills-will-be-up-as-much-as-20-8-by-1-july-turkey-russia-talks-on-unlocking-ukrainian-grain-shipments-end-today-on-inconclusive-note\/","url_meta":{"origin":676552,"position":5},"title":"THIS EVENING: Household electricity bills will be up as much as 20.8% by 1 July + Turkey-Russia talks on unlocking Ukrainian grain shipments end today on inconclusive note","author":"enterpriseam admin","date":"8 June 2022","format":false,"excerpt":"It\u2019s really almost-THURSDAY now, friends \u2014 the weekend is so close, we can almost smell it. This afternoon\u2019s news flow hasn\u2019t quite taken shape yet, but we anticipate more stories to crop up over the course of the day.THE BIG STORY TODAY- Household electricity bills will be up as much\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"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\/676552","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=676552"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/676552\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/676550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/676553"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=676552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=676552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=676552"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=676552"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=676552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}