IPO

IPO of Ghazl El-Mahalla Football Club extended to August 14

Sun, 03 Jul 2022 - 05:23 GMT

The FRA also agreed to increase the maximum number of shares that a single subscriber is allowed to subscribe to, to 15 million shares instead of 2 million shares.

Egypt to establish Fund of assets for IPO worth $4B

Tue, 07 Jun 2022 - 06:38 GMT

The CEO of the Sovereign Fund of Egypt revealed that the value of the portfolio ranges between $3 billion and $4 billion, with the aim of raising it to more than $5 billion or $6 billion.

Egypt to raise LE about 6B from activating gov't offering program

Tue, 10 May 2022 - 02:12 GMT

Egypt’s draft budget for 2022/2023 fiscal year revealed the government's intention to complete the offering program.

NI Capital fund's IPO oversubscribed 30 times of targeted amount

Thu, 03 Mar 2022 - 01:47 GMT

Saeed hailed the great success of the fund's IPO, which was launched on February 15, 2022. It targeted only LE 50 million, but the IPO was oversubscribed by 30 times, she said.

Macro Capital's private offering oversubscribed by 102 times

Mon, 07 Feb 2022 - 04:40 GMT

The EGX indicated in a statement that the total quantities of purchase orders (initial quantity) registered in the private deals market amounted to 1.35 billion shares.

PM follows up program for listing number of gov't firms in bourse in 2022

Wed, 02 Feb 2022 - 12:20 GMT

Madbouli said he will periodically follow up the listing of a number of government companies in the bourse in 2022.

Offering food company on EGX during 1st half of 2022: Omran

Tue, 18 Jan 2022 - 11:15 GMT

Omran said in a press statement on the sidelines of the annual conference for the FRA, Monday, that the company is medium-sized.

Egypt reconstrues companies affiliated with armed forces to be offered on EGX

Mon, 17 Jan 2022 - 10:03 GMT

Madbouly added, in a TV interview, that these companies affiliated with the armed forces are being restructured in preparation for being offered on the Egyptian Stock Exchange.

Abu Qir Fertilizers signs contract to promote 10% of its shares within gov't offering program

Wed, 08 Dec 2021 - 03:36 GMT

The company explained in a statement to the Egyptian Stock Exchange, Wednesday, that a promotion contract was signed with CI Capital to promote and cover initial public offerings (IPOs), EFG Hermes to promote and cover the subscription, and Al Ahly Pharos to promote and cover the subscription in securities.

Egypt to offer 4 companies on EGX before end of 2021

Mon, 06 Dec 2021 - 03:49 GMT

This came during the activities of the second day of the CEO Conference.

Egypt to offer 5-6 companies on EGX before end of 2021/2022

Tue, 23 Nov 2021 - 06:48 GMT

Madbouly explained during the cabinet meeting that the government is aware of the importance of increasing the offerings of public companies; In order to enhance the role of the stock market, develop and revive the movement of capital flow and trading in the Egyptian Stock Exchange, and raise the market capital to be more attractive to investors

Egypt aims to increase private sector's share in economy to 50%, IPO program to be expanded soon

Tue, 09 Nov 2021 - 03:47 GMT

This came during an open dialogue with representatives of the business community and development partners, during the conference organized by the Egyptian Businessmen Association.

Egypt intends to offer 5-6 government companies on EGX during 21/22

Wed, 20 Oct 2021 - 04:07 GMT

This came in a meeting chief executive of capital markets at the London Stock Exchange, Murray Ross, and Charlie Walker, head of primary markets at the stock exchange. EGX received Wednesday the incomer number 241 in the list of listed companies, e-finance for financial and digital investments, a leading company in the development, management and operation of technological networks for digital transactions.

EGX executes e-Finance offering with value of LE 5.84B

Mon, 18 Oct 2021 - 02:05 GMT

EGX said in a statement, Monday, that the public offering numbered 25.77 million shares, representing 6.17 percent of the total shares offered for sale, which represented 1.61 percent of the company's total issued shares.

EGX approves proposal to study listing of family businesses

Wed, 08 Sep 2021 - 02:01 GMT

The committee presented the proposal during a meeting it organized with the head of the Egyptian Stock Exchange via video conference technology.

Egypt's gov't IPO program to resume by end of 2021: Planning Minister

Wed, 08 Sep 2021 - 01:54 GMT

The offerings will include a number of state-affiliated companies, refusing to mention their names until the official announcement after completing all the various aspects.

Egypt's bourse to receive from 2 to 3 offering before end of 2021

Tue, 18 May 2021 - 03:16 GMT

This statement came on the sidelines of the signing of a cooperation protocol with Nabila Makram, Minister of State for Immigration and Egyptian Affairs Abroad.

Banque du Caire Chairman rules out offering bank's stake on EGX during 2020

Wed, 26 Aug 2020 - 01:13 GMT

“The offering will be considered again,” he said.

Banque Du Caire postpones floating shares on EGX due to COVID-19

Sun, 12 Apr 2020 - 06:08 GMT

This decision came due to the repercussions of the emergence of coronavirus globally and locally, and its impact on stock exchanges in all over the world.

2-3 companies to be floated on EGX by end of year: Farid

Tue, 10 Mar 2020 - 01:35 GMT

He said that global and oil market declines are normal due to the current crises and the global panic of the coronavirus.

More