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 to transfer 40 state companies to sovereign fund and list 20 on stock exchange
Egypt is preparing 60 state-owned companies for either transfer to its sovereign wealth fund or listing on the stock exchange, the head of the government’s state-owned enterprises unit said on Wednesday. Hashem El Sayed, assistant to the prime minister and
Quantum Investment BV raises stake in Edita Food Industries in EGP 1.26bn block trade
Quantum Investment BV has increased its stake in Edita Food Industries through a block trade valued at EGP 1.26bn, reinforcing investor confidence in the company and in Egypt’s capital markets. Edita Food Industries announced that Quantum Investment BV, one of
Egypt to swap capital gains for stamp duty to boost stock market investment
Egypt plans to replace capital gains tax with a stamp duty to stimulate institutional investment in the stock exchange, Finance Minister Ahmed Kouchouk announced on Wednesday, as part of a second package of tax facilities aimed at supporting the business
Next phase to see deeper African market integration, new financial instruments: EGX chair
Islam Azzam, Chairperson of the Egyptian Exchange (EGX), said the coming phase will witness deeper cooperation among African markets, alongside the introduction of new financial instruments and strengthened frameworks for transparency and disclosure. These steps, he noted, are expected to
Edita Food Industries Posts Record-Breaking 3Q2025 Results with 40% Surge in Revenue
Edita Food Industries, Egypt’s leading snack manufacturer, reported another stellar quarter, with revenues soaring 40.4% year-on-year to EGP 5.5 billion in the third quarter of 2025, driven by strong volume growth, product mix optimization, and margin expansion. The company’s net
Capital Markets Advisors Concludes Advisory Role in Al Baraka Bank Egypt’s Acquisition of Amlak Finance Egypt
Capital Markets Advisors, a subsidiary of Synergy Capital, has successfully completed its role as the exclusive buy-side advisor to Al Baraka Bank – Egypt in its full acquisition of Amlak Finance – Egypt, marking a significant milestone in the local
Misr Cement Group Reports EGP 272 Million Profit in 2024, Marking 136% Growth
Misr Cement Group has announced a significant surge in its financial performance for 2024, reporting a net profit of EGP 272 million, a 136% increase compared to the previous year. This remarkable growth underscores the Group’s successful strategy in cost
Said Zater Assumes New Strategic Role at Contact Financial Holding
Said Zater has stepped down as CEO of Contact Financial Holding to take on a new role as Vice Chairman of the Board and Board Advisor. This transition marks the culmination of his 24-year leadership journey, during which he played