IPOs and EGX Listings

Egypt to announce winning bid of Wataniya stake sale soon, Hala El Said

Thu, 23 May 2024 - 03:55 GMT

El Said, speaking at the Joint annual meeting of the Arab financial institutions in Cairo, mentioned that the government is presently engaged in evaluating offers and intends to make a selection soon

Raya Holding announces IPO for IT arm in H1 2024

Mon, 18 Dec 2023 - 07:31 GMT

The IPO will involve offering a stake ranging from 30% to 35% of the IT arm's shares

Raya Holding signs agreement to acquire 27.69% stake in Ostool

Thu, 14 Dec 2023 - 11:09 GMT

Upon the successful closure of this acquisition, Raya Holding's ownership in Ostool will increase to 90 percent, as disclosed by the company on the Egyptian Exchange (EGX)

B Investments approves share swap ratio value for Orascom Financial Holding acquisition

Wed, 13 Dec 2023 - 12:29 GMT

The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June

CBE governor participates in 47th session of council of Arab central banks

Mon, 18 Sep 2023 - 03:41 GMT

During the session, fruitful discussions were held regarding the organization of specialized banking forums in Egypt, Tunisia, and Qatar.

Ministry of Finance considers selling more stake in Telecom Egypt

Wed, 13 Sep 2023 - 11:01 GMT

Egypt sold a 10 percent stake in the company via the Egyptian Exchange (EGX), reducing the finance ministry’s stake to 70 percent

Egypt wants to raise $5B from its IPO program by mid-2024

Wed, 30 Aug 2023 - 02:15 GMT

The IPO program, which now totals to 35 companies, is one of state strategies to overcome the shortage of foreign currency by attracting more investors.