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TAQA Arabia is 55.9% owned by Qalaa Holdings. It is expected to continue reporting strong profit growth via its energy distribution activities.
HHD Chairperson Hany El-Deeb told Daily News Egypt that the IPO plan has been cancelled and replaced by another one for self-financing of the company’s expansions. This would happen by restructuring the untapped assets.
EFG Hermes concludes advisory on Aramco IPO as it ramps up Saudi market operations
25% expected growth in company’s profits in 2019, says Sarhan
Aramco will release its IPO prospectus on 9 November
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%
Mohamed Mostafa, managing director of the Arab African Investment Management, said the size of the offering will be announced on Monday.
Decline in return on investment revives EGX investments in tandem with IPO activity
Large private company to be offered on EGX by November
IPO to close tomorrow, trading begins on Thursday
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
Most of this liquidity will come from Fawry IPO which is expected to energise the Egyptian Exchange (EGX), increasing the chances of profit through the expected rise in stock prices.
Finablr is a global platform for payments and foreign exchange solutions, with holdings including the UAE Exchange, Travelex Holdings, Xpress Money, Unimoni, Ditto, and Remit2India, among others.
Market anticipating offering of petroleum companies, banks’ stakes, marking turning point for Egypt’s economy
Lender set to float 30% stake aiming to raise EGP 10bn
Market expected to benefit from buzz around IPO government programme start
Despite volatility, country has fared better than other emerging markets due to economic reforms, says chairperson of HC Securities
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors
Meticulous debt management mechanisms key to ensure repayment sustainability, says report
IPO value increased year-over-year by 21.9%, compared to Q3 2017
EGX30 loses 0.8% to close at 13,524.67 points as foreign investors dump local stocks
Company to hire advisors to manage offering by year-end
NI Capital picks up EFG Hermes to manage offering, says Moeit
Beltone to act as sole global coordinator, bookrunner
Heads of government companies’ reservations were solved by reorganising programme in May, state official says
Government approval on first steps of its IPO programme expected to serve as a catalyst
Region`s IPO activity slows, geopolitics weigh on IPOs, but cross-border deals jump, says law firm
Company plans to raise its capital to finance further expansion through stock market
Deal expected to close end-September