Egypt identifies 61,000 companies eligible for bourse listing as investment authority, EGX deepen cooperation
Some 61,000 joint-stock companies in Egypt are eligible to benefit from the advantages of listing on the Egyptian Exchange (EGX), representing a promising opportunity to deepen the capital market and expand the base of listed companies, Mohamed Awad, Chief Executive
EGX to launch futures contracts on CIB, TMG shares from 18 June
The Egyptian Exchange (EGX) announced on Monday the launch of futures contracts on the shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG), with trading set to begin on 18 June. The new contracts will be available
EGX listing aims to broaden investor base beyond fundraising: Korra Energi CEO
Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of a strategy to complete both the private placement and public
Government confirms plans to list four military-owned companies on Egyptian Exchange
The government confirmed its commitment to list several Armed Forces-affiliated companies on the Egyptian Exchange (EGX), including National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and
Sovereign Fund of Egypt selects EFG Hermes to manage 20% Misr Life Insurance stake sale
The Sovereign Fund of Egypt has selected investment bank EFG Hermes to manage the offering of an approximate 20% stake in state-owned Misr Life Insurance on the Egyptian Exchange. The target date for executing the offering is before the end
Egypt temporarily lists 6 state-owned firms on EGX under IPO programme
Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a move aimed at accelerating the government’s initial public offering (IPO) programme and increasing private sector participation in the economy. The listings include two subsidiaries of the Chemical
Telda launches in-app stock, fund investment service
Telda has announced the launch of a new in-app investment service, allowing users to invest in equities listed on the Egyptian Exchange as well as a range of investment funds. The company said the feature enables users to execute buy
Egypt’s CIB named Africa’s best sustainable finance bank for 2025
Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, an achievement recognised on Tuesday at a ceremony attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla. The event, hosted by the
Futures contracts: Diversifying financial instruments and building a competitive, transparent market
The decision by the Financial Regulatory Authority (FRA) to grant the Egyptian Exchange (EGX) a licence to establish and operate a futures exchange marks a pivotal moment in the evolution of Egypt’s capital markets. It reflects a strategic shift towards
Kouchouk says Egypt plans ‘exceptional’ cut to debt levels, lowers medical VAT to 5%
Egypt is targeting an “exceptional” improvement in its budget debt indicators while implementing a second package of tax facilities that includes cutting value-added tax (VAT) on medical equipment to 5% from 14%, Finance Minister Ahmed Kouchouk said on Tuesday. Speaking