Latest in Highlight
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Egypt targets 7.2% deficit, 6% GDP growth, 6.163tn total GDP in FY 2019/20
New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY
EGX to see 3 new IPOs by 2Q19 as market conditions improve: sources
Companies work to finalise their prospectuses, issue requirements
Timing key factor for IPOs to succeed: Vice Chairperson of AAIS
Through offering, Eastern Company left public enterprise sector, became more affiliated to private sector
Offering banks’ stakes will be crossroad for IPOs: financial analyst
Implementation of IPO’s first phase is positive message indicating that state is serious, says Ehab Saeed
Launching IPOs will strengthen EGX in global stock markets: CEO of Prime Securities
Opted companies to be offered are good selections as they include big indexed names
Egypt seeks to raise EGP 100bn by selling stakes in over 20 state-owned companies: Bloomberg
Ten companies will see their shares floated for first time
Starting IPOs programme reflects successful economic reform plan: SIS
EGX experienced notable improvement in its performance, which enhanced investors’ confidence
Egypt shares to move upwards as government’s IPOs programme kicks off
Foreign investor to pump fresh liquidity in blue-chip stocks in short-term, analysts say
Egypt aims to raise EGP 8-10bn from IPOs of state-run companies in FY 2018/2019
Government last week announced names of first five companies that will offer shares in 2018
New mechanisms will encourage companies to launch IPOs: EGX vice president
Parliament’s economic committee to end discussions on factoring law shortly, FRA deputy chairperson says
Performance of Egypt’s largest IPOs raises questions as government mulls ambitious listings plan
Programme is expected to lure in fresh inflows, boost market’s turnover
Public sector minister to share vision on state-owned firms IPOs before parliament
Differences between committee members on whether governmental deregulation in or out, says MP
Beltone to manage two IPOs in consumer, industrial sectors this year
Reducing government contributions to public companies listed on EGX will push it strongly
Middle East IPOs stand at $2.1bn in 2017: Baker McKenzie report
Global IPO volume hit 10-year high last year, driven by financial sector
FEP Capital Chief suggests NILEX become stand-alone company to spur IPOs
Omar Maghawry, CEO and managing partner of FEP Capital, has proposed splitting Nile Stock Exchange (NILEX) from the Egyptian Exchange (EGX) as a stand-alone company to spur greater initial public offerings IPOs and achieve better results. Maghawry, who was speaking on the sideline of the 21st Annual General Meeting and Flagship Conference of the African …
High interest rates are favourable for awaited state-run companies IPOs- report
Expensive borrowing costs make listing attractive for companies as they search new avenues for their financing requirements
Poland’s Play to float in Europe’s largest telecoms IPO
EGX to communicate with the government to activate IPO programme
Positive indicators of EGX increases chances of new IPOs success, says EGX chairperson
Flotation removes Egyptian IPOs from consideration by some foreign institutions
Floating the Egyptian pound lowered the value of IPOs abroad
Oil company IPOs to be held in Egyptian, international stock exchanges: El Molla
The Ministry of Petroleum and Mineral Resources introduced a list including eight petroleum and petrochemical companies to the Ministry of Investment and ICapital—a National Investment Bank company and coordinator of the IPOs programme—to be in charge of offering part of their shares or increasing their capitals through the Egyptian Exchange (EGX). Minister of Petroleum Tarek …
CFH manages 3 IPOs in education, health sectors worth over EGP 750m
The IPOs are designated for the capital increase of a school, university, and hospital
Bankruptcy law to provide legal alternatives for debt restructure of defaulting companies, to be submitted to cabinet soon: Investment Minister
Business communities decide on future of investment law amendments; the ministry is ready with new law
Execution of EFG Hermes’s plan for expansion set to begin with the sale of Credit Libanais
EFG’s growth strategy for capturing market share domestically and abroad set for completion by 2017
Does Domty’s IPO attract new investment institutions to raise trading volumes in the Egyptian Stock Exchange?
A number of questions were raised by the capital market about how Domty’s IPO will attract new institutional investors and increase the low trading volume, which reached an average of EGP 400m in one session.
Market fluctuations obstruct IPOs of over $1bn: EFG Hermes CEO
Awad pointed to the demand for hedging in the region, highlighting the existence of preliminary proposals run by the company
IPO issues tackled during Capital Markets conference
A problem the market faces when holding an IPO, said Hany Genena, economist at Beltone Financial, is that in the mid-90s the government used to list and hold IPOs for companies when they were in debt.
Beltone Financial prepares IPOs worth more than EGP 10bn
The board of directors is considering to change the company’s name and the adaptation of a new strategy
Will new IPOs be the saviour of the capital market?
Despite holding major conferences to market the role of the EGX in raising capital, its Chairman Mohamed Omran has not been approached by new companies since the beginning of the year, neither state owned nor private
Egypt tripled domestic IPO in 2015: Backer & McKenzie
2015 witnessed the first cross-border IPOs by Egyptian issuers in the past five years
EGX provides EGP 20bn for listed companies since 30 June uprising
EGP 5bn volume of IPOs in 1H 2015, Omran says