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.

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.