Egyptian Exchange

United Bank IPO sees 59x oversubscription with 974.3M shares demanded

Tue, 03 Dec 2024 - 04:13 GMT

United Bank, with a paid-up capital of EGP 5.5 billion, is divided into 1.1 billion shares, each with a nominal value of EGP 5

Here's what you need to know on Egypt's United Bank IPO

Mon, 25 Nov 2024 - 03:57 GMT

The United Bank IPO consists of two parts: a private offering of 313.5 million shares and a public offering of 16.5 million shares

United Bank to offer 330M shares on EGX, possible roadshow being prepared for Gulf investors

Tue, 29 Oct 2024 - 01:12 GMT

The bank expects to issue the shares on the EGX by Q4 2024, contingent on prevailing market conditions and the finalization of approval procedures.

Egypt closer to launch of carbon certificate market, FRA completes necessary regulatory requirements

Sun, 11 Aug 2024 - 02:59 GMT

Mohamed Farid, Chairman of the FRA, emphasized that the new regulated market represents a milestone in Egypt’s environmental and financial sectors

Elsewedy Electric shareholders sell 20% stake to Electra Investment Holding

Tue, 09 Jul 2024 - 12:01 GMT

The transaction value is estimated at around $449.1 million, with Electra paying $1.05 per share.

EGX launches first Sharia-compliant index during Wednesday trading

Wed, 12 Jun 2024 - 03:31 GMT

Consisting of 33 companies from various sectors, the newly-launched EGX33 index adheres to a methodology approved by the shariah supervisory committee

FRA introduces amendments to establish hedge funds on EGX

Tue, 23 Apr 2024 - 09:22 GMT

The amendments aim to diversify investment tools, enhance competitiveness, and make the Egyptian market more attractive to investors, according to Farid

Egypt Post to inject LE 6B in direct investments during 2024

Sun, 18 Feb 2024 - 04:24 GMT

These investments will aim to optimize operations in logistics, communications, microfinance, and consumer finance

Bourse ends Monday trading on a varied note

Mon, 08 Jan 2024 - 04:19 GMT

The top gains of the session were by Mena Touristic & Real Estate Investment which climbed by 19.93 percent, Raya Holding for Financial Investments by 19.8 percent, and Egyptian Gulf Marseilia for Real Estate Investment by 19.19 percent

EGX ends first week of 2024 with mixed performance after Wednesday’s strong close

Thu, 04 Jan 2024 - 02:26 GMT

Closing the first week of stock market trading with a mixed performance and a market cap. loss of LE 6.1 billion, the Egyptian Exchange (EGX) saw its benchmark index inch into the red by 0.23 percent

EGX rings in new year with strong performance during its first 2024 session

Tue, 02 Jan 2024 - 04:28 GMT

Stock market traders rang in the first session of the new year with a strong performance, closing on a significant high and adding LE 33.4 billion to the market cap

EGX reportedly studying new upgrade to trading system to address tampering concerns

Tue, 19 Dec 2023 - 05:45 GMT

Additionally, the EGX is studying a potential T+0 system that would enable settling trades on the very day they are executed, meaning that traders will be able to buy and sell stocks within the same session

FRA amends resolutions to allow more entities to set up investment funds

Sun, 17 Dec 2023 - 05:55 GMT

The newly launched Resolution No. (223) of 2023 modifies Resolution No. (58) of 2018, which pertains to the regulations for licensing banks and specific non-banking financial companies to engage in investment fund activities

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

ACUD achieves LE 10B during H1 of 2023

Sun, 12 Nov 2023 - 05:44 GMT

ACUD will announce partnership opportunities soon with the private sector to implement projects together in the Administrative Capital

Monday bourse trading closes with mixed performance

Mon, 06 Nov 2023 - 05:24 GMT

The benchmark index slowed into the red by 0.15 percent to end the session at 23,059.15 points

Bourse stands firm in the green as indices witness strong upsurge in trading on Monday

Mon, 23 Oct 2023 - 01:47 GMT

Monday trading saw 892.96 million shares exchanged with a turnover of LE 4.63 billion

Bourse remains firmly in the green as market cap. sees added LE 32B

Sun, 15 Oct 2023 - 02:42 GMT

Sunday trading saw 532.69 million shares exchanged with a turnover of LE 2.55 billion

Bourse sees strong surge into the green to record LE 1.32trn in market cap.

Tue, 10 Oct 2023 - 04:09 GMT

Trading on securities recorded Egyptian investors as net sellers with LE 440.82 million. Arab and foreign investors were net buyers with LE 213.28 million and LE 227.53 million, respectively

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