amwalalghad :: EGX

Your English Portal To Arab Economy

GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Money Markets - EGX

Amwal Al Ghad English - 2017-07-29 16:27:46
Egyptian and Bombay stock exchanges signed Wednesday a memorandum of understanding aimed at promoting mutual cooperation and exchanging information across both bourses’ business areas. The memorandum is expected to build capital flows and communication channels between the Egyptian Exchange (EGX) and Bombay Stock Exchange (BSE). Through the memorandum, the two bourses have created possibilities for a range of opportunities to be studied and explored for the development of their businesses, products, and markets, and to share knowledge and build on strategies of strengthening international connectivity. “This Memorandum of Understanding further complements EGX's strategy to cooperate with global exchanges beyond its traditional markets in Africa, the Middle East and Europe.” EGX chairman Mohamed Omran said. “We (EGX) … aim to cross list and trade securities that would provide new investment alternatives to investors in both markets”, “The MoU between BSE and EGX represents a significant step in integrating both the exchanges to build capital market flows.” Ashishkumar Chauhan, Managing Director and chief executive CEO of BSE, said. “We are very pleased to sign this memorandum of understanding with one of the world’s oldest stock exchange. We are sure that this integration will go a long way in building both our expertise in product development and strengthening international connectivity.” Chauhan added. More»
Islam Salah & Gehad Abdel Ghany - 2017-07-24 20:02:35
Egyptian investment bank FEP Capital says Union Pharmacist Company for Medical Services and Investment (UPMS) will start listing on the country’s SME bourse, known as NILEX next Wednesday. FEP Capital, part of regional First Equity Partners (FEP), has completed measures of listing UPMS on the NILEX. “This is the first listing on NILEX led by FEP Capital for 2017,” vice president Mahmoud Khalifa said Monday. Union Pharmacist Company's issued capital amounts to 13.6 million Egyptian pounds ($760,840), with a par value of 1 pound per share, Khalifa added. Founded in 2008, Union Pharmacist Company’s headquarters is in Minya in Upper Egypt. Its revenues rose to 16.3 million pounds during 2016. More»
Amwal Al Ghad English - 2017-07-22 15:01:34
Egypt’s main stock index, EGX 30 dived 3.4 percent in a week, closing on Thursday at 13,715 points. The country announced that trading Sunday, July 23 would be an official vacation for trading on occasion of the anniversary of the Egyptian Revolution of 1952. Trading will be resumed on Monday, July 24. More»
Amwal Al Ghad English - 2017-07-18 10:48:50
Pioneers Holding, one of Egypt's largest financial services firms, will list 30 percent of its Rooya Real Estate shares on the Egyptian bourse in the second half of 2017/18, board member Khaled al-Tayeb told Reuters on Tuesday. Pioneers has chosen Arab African International Bank as adviser for the listing, which will include a capital increase and the sale of small holdings by main shareholders, Tayeb said in an interview. Egypt's Pioneers Holding Company for Financial Investments SAE bought 60 percent of Rooya Real Estate Investment Company's shares for 1.226 billion Egyptian pounds ($68.49 million) in 2015. Chief Executive Officer, Hesham Shokry, who owns the remaining 40 percent of Rooya shares, told Reuters in November the company plans to list 30 percent of its shares in the stock market in the first quarter of 2017, weighing the listing at a minimum of 2 billion Egyptian pounds. "We have chosen Arab African International Bank as adviser for the listing and IPO managers, one local and another international, will be chosen within weeks," Tayeb said. Rooya owns 9 million square meters of real estate, including about 6 million that are under development. Pioneers reported about 630 million Egyptian pounds in net profits and about 2.5 billion pounds in sales in 2016, Tayeb said. More»
Amwal Al Ghad English - 2017-07-17 16:34:19
Egypt’s stock market ended higher on Monday following Finance Minister Amr el-Garhy’s remarks about possibilities of receiving a third loan disbursal worth $2 billion from the International Monetary Fund between December and January. Last week, the IMF approved a second loan instalment worth $1.25 billion. Egypt agreed to a three-year, $12 billion IMF loan programme in November that is tied to ambitious economic reforms such as subsidy cuts and tax hikes. Benchmark index EGX 30 ended Monday’s session 1.02 percent up, closing at 13,956 points. Commercial International Bank (CIB)’s shares (COMI.CA), the heaviest constituent, ended 1.2 percent higher. EGX30’s top performing constituents were: Porto Group Holding (PORT.CA) 5.3 percent up, Juhyana (JUFO.CA) 4.6 percent up, and Amer Group (AMER.CA) 2.9 percent up. Today’s worst performing stocks were: Palm Hills (PHDC.CA) 1.5 percent down, and Madinet Nasr Housing (MNHD.CA) 0.6 percent down. More»
Sayed Badr - 2017-07-17 12:58:21
Egypt plans to list 10 state-owned companies, including ENPPI on the stock market over the next three years, Investment Minister Sahar Nasr announced Monday. The Egyptian presidency announced in January that Egypt would soon offer shares of "successful" state-owned companies and banks on the local bourse - its first public offering of government-owned firms since 2005, when it offered shares in Telecom Egypt, AMOC, and Sidi Kerir. The state-owned oil and transport companies are “the best prepared” for the current phase to sell between 10 and 20 percent of their shares on the stock market, Nasr said. Government-owned financial institution NI Capital seeks to offer shares of Engineering for the Petroleum and Process Industries (ENPPI) before the end of 2017, NI Capital chief executive told Reuters earlier in June. More»
Islam Salah & Gehad Abdel Ghany - 2017-07-16 11:22:58
Egypt’s Central Securities Depository House (MCDR) has suspended its link-up operations with Qatar’s Central Securities Depository (QCSD), chairman Mohamed Abdel-Salam confirmed Sunday. A week earlier, sources in the MCDR told Amwal Al Ghad that the Egyptian Depository House had halted link-up operations with Qatar’s QCSD in response to the ongoing diplomatic rift between the two countries. The UAE, Saudi Arabia, Egypt, and Bahrain announced in June cutting diplomatic and transport links with Qatar, accusing it of supporting terrorism and destabilisng the region. Qatar, which shares its only land border with Saudi Arabia, has rejected the accusations, calling them "unjustified" and "baseless." Yemen and the Maldives also cut ties with Qatar. All means of cooperation and link-up transactions between MCDR and QCSD were stalled until new developments are unveiled regarding the recent diplomatic rift, Abdel-Salam told Amwal Al Ghad on Sunday. MCDR has recently completed link-up process with several securities depository houses in the Middle East region, notably in Dubai and Morocco, the Egyptian official said. MCDR’s tie-up process with its counterparts in the region comes upon the Africa and Middle East Central Depositories Association (AMEDA)’s decree that stipulates the need for the GCC and North African countries to be linked. Cairo- headquartered Misr for Central Clearing, Depository and Registry was founded in 1994 and commenced operations in 1996. MCDR shares are distributed among participants of the Egyptian market: custodians own 50 percent stake, 45 percent of shares are owned by brokerage companies, and 5% stake belongs to the Egyptian Exchange (EGX). MCDR is the sole organization authorised to conduct clearing and settlement operations with all types of securities traded on the Egyptian Exchange. Founded in 2014, Qatar Central Securities Depository (QCSD) is a service providing company, licenced by Qatar Financial Market Authority (QFMA) engaging in providing safekeeping, clearing, and settlement of securities and other financial instruments listed on the Qatar Exchange. More»
Islam Salah & Gehad Abdel Ghany - 2017-07-13 13:57:18
Cairo’s Central Securities Depository (MCDR) has suspended link-up operations with Doha’s Central Securities Depository (QCSD) in response to the ongoing diplomatic rift between the two countries, sources told Amwal Al Ghad on Thursday. The UAE, Saudi Arabia, Egypt, and Bahrain announced in June cutting diplomatic and transport links with Qatar, accusing it of supporting terrorism and destabilisng the region. Qatar, which shares its only land border with Saudi Arabia, has rejected the accusations, calling them "unjustified" and "baseless." Yemen and the Maldives also cut ties with Qatar. The contacts between officials in the two depository houses have recently been severed following cutting-off relations announcement, until new developments are unveiled, the sources added. MCDR’s tie-up process with its counterparts in the region comes upon the Africa and Middle East Central Depositories Association (AMEDA)’s decree that stipulates the need for the GCC and North African countries to be linked.Cairo- headquartered Misr for Central Clearing, Depository and Registry was founded in 1994 and commenced operations in 1996. MCDR shares are distributed among participants of the Egyptian market: custodians own 50 percent stake, 45 percent of shares are owned by brokerage companies, and 5% stake belongs to the Egyptian Exchange (EGX). MCDR is the sole organization authorised to conduct clearing and settlement operations with all types of securities traded on the Egyptian Exchange. Founded in 2014, Qatar Central Securities Depository (QCSD) is a service providing company, licenced by Qatar Financial Market Authority (QFMA) engaging in providing safekeeping, clearing, and settlement of securities and other financial instruments listed on the Qatar Exchange. More»
Islam Salah & Gehad Abdel Ghany - 2017-07-11 19:50:04
Middle Eastern private equity firm Amwal AlKhaleej is seeking an initial share offering of Egyptian Propylene and Polypropylene Co. (EPPC) in the first quarter of 2018, regional head confirmed Tuesday. Amwal AlKhaleej has 15 percent of EPPC, whose capital currently amounts to $276 million. The planned IPO aims to finance EPPC’s future expansions in its petrochemicals plant, Amwal AlKhaleej’s regional director Karim Saada told Amwal Al Ghad on Tuesday. The group seeks to increase the production capacity of its petrochemicals plant to 600,000 tonnes annually from 290,000 tonnes between three and four years, Saada said. Investment bank EFG Hermes will act as the lead manager for EPPC’s listing on the Egyptian bourse, he added. The shareholders in EPPC include Egyptian business tycoon Mohamed Farid Khamees, the Egyptian General Petroleum Corporation (EGPC), Amwal AlKhaleej, DISA Ltd., Amwal AlKhaleej, Arab Investment Company, and Oriental Petrochemical Co. More»
Mahmoud Shaaban - 2017-07-06 14:31:07
Egypt is exploring a sale of about 20 percent of some state-run oil firms in the coming period, notably petrojet, Ethydco, and MOPCO, Oil Minister Tarek el-Molla said Thursday. Egyptian government plans to embark on its first sale of shares in a state-owned company in 12 years, aiming to raise up to $150 million from a stock market listing of Engineering for the Petroleum and Process Industries (ENPPI) in the first of a series of public offerings. Egypt announced Wednesday choosing a consortium led by CI Capital to act as lead managers and bookrunners for ENPPI’s IPO. The consortium also includes Jefferies International Limited and Emirates NBD Capital Limited. The government's IPO programme, which will take place over three to five years, will include dozens of state-owned companies in areas such as petroleum, services, chemicals, shipping, maritime and real estate to help boost state finances. Egypt expects to raise 5-7 billion Egyptian pounds ($276-$387 million) through state-owned company IPOs during the 2017-2018 financial year beginning in July, deputy finance minister Ahmed Kouchouk told Reuters earlier in May. "The ENPPI IPO is only the beginning of a pipeline of state-run companies to offer minority shares publicly over the next year," Investment Minister Sahar Nasr said in a statement on Wednesday. The government will retain majority stakes in these enterprises while helping via the IPOs to increase the size and liquidity of Egypt's stock market, Nasr added. More»