Egypt to present new range of investment opportunities at EU-Egypt conference in June

Sun, 02 Jun 2024 - 11:58 GMT

Madbouly outlined the government's intention to present a diverse range of attractive investment opportunities to both Arab and foreign investors during the EU-Egypt Investment Conference, scheduled for June 29-30

Gov’t studies World Bank suggestion for new entity to centralize ownership of state-owned assets: Planning Minister

Mon, 13 May 2024 - 02:48 GMT

This decision follows a suggestion from the World Bank and supports the government's plan outlined in its state ownership policy document

ACT Financial approved for IPO, expects to launch on EGX within 2 months

Sun, 28 Apr 2024 - 03:14 GMT

Details of the IPO will be disclosed once the final listing on the EGX is completed in Q2 2024, the release explained

IPO program aims to attract $6.5B by the end of 2024: Finance Minister

Tue, 13 Feb 2024 - 03:06 GMT

Egypt aims to enhance private sector participation in public investments to reach 65 percent in the coming years

Egypt's Cabinet to announce completion of key deal in offerings program

Wed, 20 Dec 2023 - 11:21 GMT

Maait clarified that the Prime Minister would disclose the details of the offerings plan in the coming period.

Egypt implements $2.5B deals to exit state within “IPO” program

Sun, 22 Oct 2023 - 10:07 GMT

This step comes with the aim of helping to increase foreign exchange flows, and providing a portion of the foreign financing required to cover the needs of the Egyptian economy, in addition to continuing to achieve a primary surplus and growth in tax revenues.

Egypt’s Sovereign Fund reportedly preparing MIDAR for 2024 IPO

Mon, 02 Oct 2023 - 05:05 GMT

The company was added to TSFE’s Pre-IPO fund earlier this year. According to sources, preparations for the potential IPO have begun but did not disclose further details

Administrative Capital for Urban Development to go public in H1 2024

Tue, 19 Sep 2023 - 03:42 GMT

President Abdel Fattah El-Sisi previously announced the company’s IPO back in 2021 and was noted as potentially the country’s largest initial public offering in its history

Offering gov’t companies on EGX ‘positive step’: IMF

Tue, 14 Feb 2023 - 04:43 GMT

Egypt is "one of the innocent countries that were injured by mistake, and that the government did a good job in reforming the country's economy.

Egypt's president discusses planned IPOs of 2 military-owned companies

Tue, 15 Nov 2022 - 04:54 GMT

President Abdel Fatah al-Sisi convened Tuesday with the heads of the National Petroleum Company (NPC) and National Co. for Natural Water in Siwa (Safi).

EGX reopens deals market to cancel purchase orders registered on Ghazl Al-Mahalla's shares

Mon, 05 Sep 2022 - 12:56 GMT

The EGX’s decision comes after the offering of Ghazl Al-Mahalla football was not covered, as the total quantities of orders registered in the private deals market in the initial public offering (IPO) amounted to about 17.6 million shares, with a coverage rate of 17.96 percent.

EGX announces amendments to Ghazl El-Mahalla's underwriting prospectus to increase its capital

Sun, 14 Aug 2022 - 01:48 GMT

The stock exchange indicated, in a statement, that the underwriting will close on August 28.

Gov't attaches prior attention to enhancing EGX performance: PM

Thu, 21 Jul 2022 - 02:49 GMT

The meeting, attended by a host of ministers and high-level officials, was held to follow up on the IPO program.

Egypt approves qualification of ELWATANYA, SAFI for their offering on EGX

Wed, 20 Jul 2022 - 09:09 GMT

Egypt is working on offering a number of army-affiliated companies on the EGX through the Egypt Sovereign Fund, which handles the process of selecting and structuring assets, with the aim of expanding the shareholder base and promoting local and foreign private investments.

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.