{"id":706727,"date":"2026-06-01T00:00:00","date_gmt":"2026-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=706727"},"modified":"2026-06-01T03:11:06","modified_gmt":"2026-06-01T03:11:06","slug":"korra-energi-retail-tranche-closes-31-35x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/","title":{"rendered":"Korra Energi retail tranche closes 31.35x oversubscribed"},"content":{"rendered":"

Good morning, wonderful people, and welcome back.<\/strong> We hope you all had a restful, well-deserved Eid Al Adha break. It is never easy getting back into gear after a long holiday.<\/p>\n

Leading our issue today<\/strong> is a new World Bank survey that shows local businesses are bypassing traditional bank loans to fund expansion straight from their own pockets \u2014 showing remarkable resilience despite taking a hit from shrinking sales.<\/p>\n

On the energy front<\/strong>, we are taking a deep dive into our natural gas sector, which is leaning heavily on LNG imports to bridge the widening gap between declining domestic production and rising local demand.<\/p>\n

***<\/strong><\/p>\n

WISH THIS MORNING\u2019S ISSUE was a podcast? We\u2019ve got you. Tap or click here<\/a><\/strong> to listen to Morning Drive, a 10-minute version of today\u2019s issue crafted for you to enjoy with your morning coffee, while getting the kids ready for school, or while stomping around the house wondering where the [redacted] you left your [redacted] reading glasses.<\/strong><\/p>\n

***<\/strong><\/p>\n

Retail runs hot for Korra<\/strong> IPO<\/p>\n

<\/a> The retail tranche of Korra Energi\u2019s IPO closed 31.35x <\/strong>oversubscribed before the Eid El Adha break<\/strong>, according to EGX data seen by EnterpriseAM. Retail buyers placed initial orders for 3.1 bn shares, targeting just 99 mn shares earmarked for the public.<\/p>\n

REMEMBER- <\/strong>The public offering follows a strong institutional private placement that was 5.7x oversubscribed<\/a> after drawing orders for 845 mn shares against the 148.5 mn on offer to institutional investors. In total, Korra is floating a 11% stake \u2014 247.5 mn existing shares \u2014 at EGP 2.97 apiece, targeting up to EGP 735 mn in proceeds.<\/p>\n

Why it matters: <\/strong>Korra\u2019s IPO is the EGX\u2019s second private-sector main-market listing this year, following Gourmet\u2019s blockbuster offering<\/a>. The oversubscription across both tranches signals that local institutions and retail investors are willing to back new listings despite macro and regional uncertainties.<\/p>\n

Deep tech gets subsidized<\/p>\n

<\/a> Advanced tech services are joining the government\u2019s export <\/strong>subsidy program<\/strong>, after the Export Development Fund signed a seven-year agreement last week with the Information Technology Industry Development Agency (Itida), according to a statement<\/a> from the authority. The program will offer cashback export rebates to companies specializing in electronics design, semiconductors, embedded systems, and mobile services, starting FY 2025\/26.<\/p>\n

Why it matters:<\/strong> The government is moving the global capabilities centers \u2014 what we called outsourcing a generation ago \u2014 up the value chain to capitalize on its value-added margins exceeding 90%. The new subsidy program, which will bring on 86 deep-tech firms, builds on a record 2025 that saw digital exports more than double to USD 7.4 bn, with outsourcing comprising USD 4.8 bn of the total.<\/p>\n

MEANWHILE- <\/strong>Global customer experience giant Concentrix plans to open five new centers across the Delta and Upper Egypt, adding 11k new jobs over the next two years to bring its local headcount to 35k by 2028, according to a statement from the Communications Ministry<\/a>. The expansion builds on a USD 1 bn MoU<\/a> Concentrix signed with Itida in January last year to scale its multi-lingual export operations.<\/p>\n

Checking the AI bill<\/p>\n

<\/a> Corporate leaders are increasingly skeptical that the bns of USD poured into artificial intelligence are actually paying off<\/strong>, Axios<\/a> reports. Nearly 90% of executives say AI has had zero impact on employment or productivity over the past three years, according to a recent study from the US National Bureau of Economic Research (pdf)<\/a>. Some major players are starting to hit the brakes \u2014 Microsoft recently canceled most of its Claude Code licenses over costs.<\/p>\n

The big problem is \u201cAI brain fry.\u201d<\/strong> Overusing the technology intensifies workloads, triggering cognitive overwhelm that causes frequent minor mistakes that cost businesses mns of USD, Fortune<\/a> reports, citing a study from UC Berkeley. Productivity only improves when workers use three or fewer AI tools \u2014 performance plummets for those using four or more. The study\u2019s takeaway is that AI remains effective for targeted tasks like coding, but managers must actively train employees to prioritize their usage to avoid widespread burnout.<\/p>\n

Debt watch<\/p>\n

Sovereign <\/strong>debt<\/strong> ins. costs fall to pre-war levels: <\/strong>Five-year credit default swaps (CDS) for government debt inched down<\/a> to 295.90 bps yesterday, returning to pre-war levels<\/a> not seen since late February. The figure tracks the cost of insuring debt against a default, with the decline signaling that investors are no longer pricing an elevated default risk.<\/p>\n

The regional war had pushed up the cost of insuring our sovereign debt<\/strong>, with five-year CDS rising to 344.7 bps<\/a> in early March, marking a three-month high at the time.<\/p>\n

PSA-<\/p>\n

WEATHER- <\/strong>It\u2019s another mild day in Cairo today, with a high of 34\u00b0C and a low of 22\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s more springy in Alexandria<\/strong>, with a high of 28\u00b0C and a low of 20\u00b0C.<\/p>\n

\n

<\/p>\n

Earning well is not the same as investing well \u2014 and for most mid-level executives and entrepreneurs, the gap between the two is wider than they\u2019d like to admit. The financial landscape has shifted. Regional markets are opening up, AI is rewriting how portfolios get managed, and Real Estate Investment Trusts (REITs) are entering the conversation.<\/p>\n

And the questions that used to feel straightforward \u2014 buy or rent, fund the startup or play it safe, finance the car now or wait it out \u2014 are harder to answer than ever.<\/p>\n

In Issue 2 of EnterpriseAM Money Matters, we get into the decisions that don\u2019t have easy answers, because at this stage, playing it safe is the riskiest move you can make.<\/p>\n

Coming straight to your inbox \u2014 Wednesday, June 3.<\/p>\n

\n

The big story abroad<\/p>\n

The US-Iran<\/strong> diplomatic stalemate persists<\/strong>, despite both sides spending the weekend exchanging revisions<\/a> to a draft pact that would keep a ceasefire in place. Regime-affiliated Iranian media has indicated that Washington and Tehran may wind up scrapping the potential resolution and that no definite result has been reached.<\/p>\n

Meanwhile, on Wall Street: <\/strong>US investors seem unconvinced that an AI bubble is about to burst, wagering heavily<\/a> on AI-related equities they believe still have untapped potential. The optimism is fueled by expected AI advances and big-ticket pledges on chips and data centers \u2014 investments expected to boost tech companies\u2019 bottom lines.<\/p>\n

And in business news: <\/strong>Berkshire Hathaway has made a USD 6.8 bn housing play, agreeing to acquire<\/a> US homebuilder Taylor Morrison, marking the first multi-USD-bn acquisition under the helm of newly minted CEO Greg Abel. The move deepens the firm\u2019s housing portfolio and puts it on its way to \u201cunify [its] site-built homebuilding operations into a combined platform,\u201d Abel said.<\/p>\n

And in the tech world: <\/strong>Dell has premiered<\/a> the XPS 13, its new low-cost offering whose prices start at USD 699. It is expected to butt heads with Apple\u2019s MacBook Neo, another laptop marketed for its affordability.<\/p>\n

<\/p>\n

*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed.<\/p>\n

In today\u2019s issue:<\/strong> We explore why a massive chunk of female graduates are missing from formal employment data, and whether they are truly stranded talent or simply working off the books.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people, and welcome back. We hope you all had a restful, well-deserved Eid Al Adha break. It is never easy getting back into gear after a long holiday. Leading our issue today is a new World Bank survey that shows local businesses are bypassing traditional bank loans to fund expansion straight from […]<\/p>\n","protected":false},"author":1,"featured_media":706728,"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":[12573],"tags":[7094,68,72,9030,78,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-706727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-10","tag-ai","tag-egx","tag-enterpriseam","tag-ipo","tag-ipo-watch","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3e8c30b4-9d31-4bce-9a4b-18d0a8659c83","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2026\/6\/26.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Korra\u2019s retail tranche is 31x covered","related_issue":[706725],"teaser":"","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"\nKorra Energi retail tranche closes 31.35x 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\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Korra Energi retail tranche closes 31.35x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people, and welcome back. We hope you all had a restful, well-deserved Eid Al Adha break. It is never easy getting back into gear after a long holiday. Leading our issue today is a new World Bank survey that shows local businesses are bypassing traditional bank loans to fund expansion straight from […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-01T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-01T03:11:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1\" \/><meta property=\"og:image\" content=\"https:\/\/ent.news\/2026\/6\/26.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\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\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Korra Energi retail tranche closes 31.35x oversubscribed\",\"datePublished\":\"2026-06-01T00:00:00+00:00\",\"dateModified\":\"2026-06-01T03:11:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\"},\"wordCount\":1163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AI\",\"EGX\",\"EnterpriseAM\",\"IPO\",\"IPO watch\",\"What We're Tracking Today\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\",\"name\":\"Korra Energi retail tranche closes 31.35x oversubscribed - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-06-01T00:00:00+00:00\",\"dateModified\":\"2026-06-01T03:11:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Korra Energi retail tranche closes 31.35x 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":"Korra Energi retail tranche closes 31.35x 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\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/","og_locale":"en_US","og_type":"article","og_title":"Korra Energi retail tranche closes 31.35x oversubscribed","og_description":"Good morning, wonderful people, and welcome back. We hope you all had a restful, well-deserved Eid Al Adha break. It is never easy getting back into gear after a long holiday. Leading our issue today is a new World Bank survey that shows local businesses are bypassing traditional bank loans to fund expansion straight from […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-06-01T00:00:00+00:00","article_modified_time":"2026-06-01T03:11:06+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1","type":"","width":"","height":""},{"url":"https:\/\/ent.news\/2026\/6\/26.jpg","width":1,"height":1,"type":"image\/jpeg"}],"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\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Korra Energi retail tranche closes 31.35x oversubscribed","datePublished":"2026-06-01T00:00:00+00:00","dateModified":"2026-06-01T03:11:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/"},"wordCount":1163,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1","keywords":["AI","EGX","EnterpriseAM","IPO","IPO watch","What We're Tracking Today"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/","name":"Korra Energi retail tranche closes 31.35x oversubscribed - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1","datePublished":"2026-06-01T00:00:00+00:00","dateModified":"2026-06-01T03:11:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/korra-energi-retail-tranche-closes-31-35x-oversubscribed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Korra Energi retail tranche closes 31.35x 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\/2026\/6\/26.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2026\/6\/26.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\/2026\/6\/26.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":599088,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/should-we-expect-a-bigger-offering-from-the-bdc-ipo\/","url_meta":{"origin":706727,"position":0},"title":"Should we expect a bigger offering from the BdC IPO?","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"IPO WATCH- Banque du Caire IPO to be larger than previously expected? The CBE could offer more of Banque du Caire (BdC) for sale in an initial public offering than previously expected, according to statements made by CBE governor Tarek Amer at the Seamless North Africa Conference reported by Al\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\/3\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597445,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/fawry-sets-ipo-price-as-subscription-gets-underway\/","url_meta":{"origin":706727,"position":1},"title":"Fawry sets IPO price as subscription gets underway","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"IPO WATCH- Fawry sets IPO price at EGP 6.46 \/ share as private placement gets underway: Egyptian e-payments giant Fawry has set its share price for the upcoming IPO at EGP 6.46\/share for its private placement and retail offering, a discount from its EGP 6.9 fair value price, the company\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\/2019\/7\/Fawry-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566417,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/17\/one-step-closer-to-an-e-finance-ipo\/","url_meta":{"origin":706727,"position":2},"title":"One step closer to an e-Finance IPO","author":"enterpriseam admin","date":"17 June 2021","format":false,"excerpt":"E-Finance FV gets the regulatory sign off: State-owned e-payments firm e-Finance has gotten the approval of the Madbouly government's IPO committee for the fair value of its shares, e-Finance chairman and managing director of e-Finance Ibrahim Sarhan tells us, declining to specify what the fair value figure is. The move\u2026","rel":"","context":"In "SPEED ROUND: IPO WATCH"","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577310,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/fra-approves-bdc-ipo-deadline-extension\/","url_meta":{"origin":706727,"position":3},"title":"FRA approves BdC IPO deadline extension","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Banque du Caire pushes IPO deadline to March 2023: The Financial Regulatory Authority (FRA) has allowed Banque du Caire (BdC) to postpone the deadline for finishing procedures to IPO on the EGX to 31 March 2023, it said in a statement, (pdf) yesterday. The state-owned bank delayed its long-awaited IPO\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/277.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":703079,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/korra-energi-opens-the-subscription-window-for-highly-anticipated-ipo\/","url_meta":{"origin":706727,"position":4},"title":"Korra Energi opens the subscription window for highly-anticipated IPO","author":"enterpriseam admin","date":"18 May 2026","format":false,"excerpt":"The subscription period for institutional investors kicks off today","rel":"","context":"In "IPO WATCH"","block_context":{"text":"IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ipo-watch-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1029.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590687,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/banque-du-caire-reportedly-hires-grant-thornton-for-fair-value-assessment-on-upcoming-ipo\/","url_meta":{"origin":706727,"position":5},"title":"Banque du Caire reportedly hires Grant Thornton for fair value assessment on upcoming IPO","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"PRIVATIZATION WATCH- Banque du Caire reporetdly hires Grant Thornton for fair value assessment ahead of 2020 IPO: State-owned Banque du Caire (BdC) has tapped Grant Thornton Financial Advisors to conduct the fair value assessment for the bank's upcoming EGX debut, according to the local press. The study will be ready\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/706727","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=706727"}],"version-history":[{"count":2,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/706727\/revisions"}],"predecessor-version":[{"id":706790,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/706727\/revisions\/706790"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/706725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/706728"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=706727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=706727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=706727"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=706727"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=706727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}