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The real challenges appeared after A.T. LEASE failed to meet one of the requirements of IPOs last week, as the company should have a minimum of 300 shareholders after the IPO.
Mohamed Al-Assar, head of the technical analysis department at the National Bank of Kuwait (NBK), said the Egyptian Exchange’s benchmark index EGX-30 will range Sunday between 7,500 points and 7,600 points in light of weak trading volumes below EGP 500m
The company plans to complete the report within one month. It will include the number of shares to be offered and the fair value per share, which has been set by an independent financial adviser
There are doubts about the banks’ abilities to continue this exceptional performance during the second and third quarters due to lack of foreign currency, poor commercial financing, and decline in lending loan rates
One to the financial institutions and individual investors, and investors with expertise in the field of securities. The other public offering will be to the public in the Egyptian market, as a joint offering.
The company received purchase orders covering 97.65% of the IPO as of Thursday’s session
The parent company’s earnings, excluding the proceeds of its subsidiaries, amounted to EGP 72m, compared to EGP 40m in the same period last year, an increase of 80%
The EFSA’s decision to retroactively change the legal status governing the general holding companies’ reacquisition of shares from workers unions came last week. The EFSA made an exception to the Capital Market Law which stipulates a compulsory tender must be made for all the shares of a company once 33% of ownership has been transferred.
The 40m shares are 25% of the company’s total capital listed on the EGX
The 19th round of the EGX’s simulation activities will kick off at the Canadian International College (CIC)
A number of companies seek to acquire existing financial consultancy licences to avoid the procedures of obtaining new licences and the process of selecting managing directors
The increase in sales was a surprising development for the majority of companies that recorded a growth in sales.
The report showed that Egyptian investors acquired 86.25% of total trading, compared to 7.8% acquired by foreign investors, and 5.94% by Arab investors
The conference will be attended by the vice president of the World Bank’s Middle East and North Africa office
Investors still wait for positive news to return to their purchasing behaviour
The stock exchange is viewed as a secondary instrument rather than the main source for financing national projects, capital market experts say
The acquisition of CI Capital by OTMT will reflect positively on the market
Experts attribute zero trading to companies’ reluctance to issue new bonds, depreciation of pound, and public banks issuing investment certificates with a yield of 12.5%
During the second session of the Capital Markets & Financing Growth conference entitled Stock Exchange and New Roles to Finance Growth
ETFs were launched under “difficult circumstances”, chairman of EGX
Expansion of financing base is main way to boost economic growth far from banks, says Sakr
The board of directors is considering to change the company’s name and the adaptation of a new strategy
Despite holding major conferences to market the role of the EGX in raising capital, its Chairman Mohamed Omran has not been approached by new companies since the beginning of the year, neither state owned nor private
Experts predict that Gulf markets will dominate over the Egyptian stock market in light of tendency to register Aramco assets on the Saudi stock exchange
All indexes witnessed a surge during the past week
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
The postponement of the capital gains tax tops EGX’s agenda; EGX will discuss the issue in parliament
By December, Orascom presented an acquisition offer to CIB’s CI Capital
The deterioration of stock prices was a trend for all emerging markets and Egypt was no exception, Omran highlighted
Response of capital market was violent following expectations of a global economic slowdown, Omran highlighted