MNHD Calls Off Planned Share-Swap With SODIC

Egypt’s Madinet Nasr for Housing and Development (MNHD) has called off a planned merger via a share-swap with the Sixth of October Development and Investment Company (SODIC) due to failure to reach an agreement wi ...

NIB to Select 9 Firms for 2nd Phase of Egypt’s IPO Program

NIB is set to nominate nine state-owned companies for the second phase of the state privatization program, Egypt's planning ministry has recently announced.

OIH Completes 30% Acquisition of Sarwa Capital

Egypt-based Orascom Investment Holding (OIH) has announced acquiring 30% (or about 216 mn shares) of structured- and consumer-finance player Sarwa Capital

Egypt’s Orascom Investment Seeks to Acquire 30% of Sarwa Capital

Egypt-based Orascom Investment Holding, formerly Orascom Telecom Media and Technology Holding (OTMT), said it is looking to acquire 30% of Sarwa Capital’s shares in November, particularly due to the deal's attract ...

SODIC Intends to Acquire At Least 51% of MNHD

Sixth of October for Development and Investment (SODIC) announced its preliminary intentions to submit a mandatory tender offer to acquire at least 51% stake in Egypt’s urban developer Madinet Nasr Housing and Dev ...

Hassan Allam Holding Plans for Dual Listing in Cairo, London

Egypt's construction and engineering company Hassan Allam Holding revealed on October 8 its intention to float up to 44.3% of its shares on the Egyptian Exchange (EGX) and London Stock Exchange (LSE)

Marseilia Group to Invest EGP 20 bn in 5 Years

Egypt-based real estate developer Marseilia Group has revealed its plans to pump investments worth EGP 20 bn across Egypt within five years

Arabia Group to List Shares on EGX by end of 2018

Arabia Group for Real Estate Investment, a holding company of 10 companies, is planning to list 20-30% of its shares on the Egyptian Stock Exchange (EGX) by the end of 2018 to raise its capital to finance the comp ...

EGX Nods to Zahraa Maadi, First Investment Capital Raises

The Egyptian Exchange’s (EGX) Listing Committee approves the requests submitted by Zahraa Maadi Investment and Development, First Investment, and Real Estate Development to raise their capitals, Invest-Gate reports.

EGX Nods to Madinet Nasr Housing Capital Raise

Egyptian urban developer Madinet Nasr Housing and Development Company (MNHD) gets an approval from the Listing Committee of the Egyptian Exchange (EGX) to list the increase of its authorized capital, Invest-Gate repo ...

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