Weitz Company, a subsidiary of Orascom Construction, is acting as general contractor for the highly anticipated Four Seasons Resort and Residences Telluride development in the US.

UAE-based Amlak Finance fully exited its operations in Egypt after selling its subsidiary Amlak Finance Egypt to Al Baraka Bank Egypt for EGP 400 million.

Maridive and Oil Services (MOIL) intends to establish a limited liability subsidiary in the UAE

Palm Hills Development’s board has approved guaranteeing the company’s subsidiary Palm for Urban Development in the long-term syndicated loan worth EGP 10.3 billion granted by Banque Misr and other participating banks.

The state-owned pharmaceutical firm HoldiPharma has received five offers from investment banks to manage the anticipated offerings of its subsidiaries, Chemical Industries Development (CID) and Misr Pharma, on the Egyptian Exchange (EGX).

The Tenth of Ramadan for Pharmaceuticals Industries and Diagnostic Reagents (Rameda) has established a new subsidiary, Glow, that will specialize in producing freely priced cosmetics and cosmeceuticals.

GB Corp, an Egyptian player in the automotive and financial services sectors, will exclusively distribute Jac and Foton vehicle brands in the Iraqi market via its subsidiary GQ.

EFG Corp-Solutions, a subsidiary of EFG Holding, is seeking to secure a loan worth $50 million within the first half (H1) of 2024.

EFG Finance, a subsidiary of subsidiary of EFG Holding, is seeking to obtain licenses to provide the services of digital contracts and digital identity (ID) for non-banking financial activities within 2024.

The UAE-based Ocean Marine, which is 51% owned by Maridive and Oil Services, is in the process of finalizing a deal to sell a marine unit for $40 million.

Nahr Al Khair Company for Agricultural Development, Investment and Environmental Services’ subsidiary Al-Ahly Group for Modern Agriculture has partnered with Minya governorate to purchase a 3,422-feddan plot of land valued at EGP 191 million.

Egypt Kuwait Holding Company (EKH) has launched new factories and revamped some production lines with EGP 1.4 billion in investments via its wholly owned subsidiary Sprea Misr.

Egypt's Suez Canal Authority (SCA) will offer a 20% stake in its subsidiary, Al Rabat Company, on the Egyptian Exchange (EGX) within the framework of the country’s initial public offering (IPO) program.

Investments bank EFG Hermes has set the target price of Canal Shipping Agencies (CSAG) at EGP 25 per share with a "Neutral" stock rating, according to an emailed note on January 30th.

The board of directors of Remco for Tourism Villages Construction (RTVC) approved the appointment of FinBi Finance and Banking Consultants to conduct an evaluation study for its investments in subsidiaries, according to an EGX disclosure on February 1st.

Beko Egypt for Home Appliance, a subsidiary of Arcelik, has signed a deal with Hassan Allam Construction to build its cutting-edge plant in Egypt, according to an emailed press release to Arab Finance on February 2nd.

Vodacom Group has acquired an additional stake of 0.02%, equivalent to 49,493 shares, in Vodafone Egypt from minority shareholders for €‎17.92 per share after the subscription period for its offer expired yesterday, according to a statement filed to the Egyptian exchange.